Analysis
German Companies in Romania See Revenue Decline, Recovery in 2021 at the Earliest
German companies operating in Romania expect significant declines in turnover and see the economy recovering in 2021 at the earliest, according to a recent poll by AHK Romania, the Romanian-...
World Bank Promotes Romania to High Income Group
The World Bank has reclassified Romania as a high-income country from the upper-middle income category after incorporating 2019 data.
Romanian Households Reach Net Wealth of RON2,157B in 2019
Romanian households’ net wealth reached RON2.157 trillion (over EUR450 billion) at the end of 2019, with real estate assets accounting for 80%, central bank data showed.
Romania's Electricity Market Seen Nearing RON42B in 2020
Romania's electricity market, including production, transport, trade and distribution, is estimated to near RON42 billion this year, after an estimated RON41 billion in 2019 and over RON40bi...
ING: Four in 10 Romanians Spent Less, Three in 10 Saved More in Lockdown
Approximately 46% of Romanians said they spent less during the coronavirus lockdown, above the EU average of 44%, and 31% said they saved more, similar to the EU average of 30%, according to...
PwC: Oil&Gas Firms Expect Digitization To Boost Their Revenue By 10%, Reduce Costs By 8.5%
Oil and gas (O&G) companies anticipate digital applications will deliver on average a 10% increase in revenue due to increased production and reduced time to project start-up, and an 8.5% de...
Romanian Government Proposes EUR100B Economic Relaunch Plan
Romania's liberal government is proposing a EUR100 billion ten-year economic plan, which includes grants to companies, and that seeks to switch to growth through investments not just consump...
Romania Recycles Just 11% of Waste Compared with 47% EU Average
Romania ranks last but one in the European Union with just 11.1% of waste recycled in 2018 compared with a EU average of 47.2%, European Commission data showed.
Low Demand Keeps 60,000 Romanian Auto Industry Employees on Furlough
Around 60,000 employees in the Romanian auto industry, accounting for roughly a quarter of the total, remain on furlough due to low demand and lack of orders as production was resumed at a l...