Analysis
Analysts See Leu at 4.94/Euro in 12 Months, Budget Gap at 8.5%
Analysts of CFA Romania estimate the Romanian leu will depreciate to an average of 4.94 to the euro in the next 12 months, with a peak of RON5.1 to the euro, and an average budget deficit of...
Romanian Insurance Market Grows 10% in 1Q/2020, to RON3B
Romania's insurance market grew 10% on the year in the first quarter of 2020, to nearly RON3 billion, according to preliminary data from the Financial Supervisory Authority.
Deloitte CFO Survey: Drop in Demand is Biggest Concern
The main concern of chief financial officers is a drop in demand, as 73% of CFOs questioned estimate a drop in domestic demand, while 45% see a drop in external demand, according to Deloitte...
C&W Echinox: Only 40% of Employees Return to Offices in First Stage
With the ease of travel restrictions imposed by the Covid-19 pandemic, companies begin to resume their activity in office buildings but with only 40% of employees in a first phase, a survey...
Colliers: Recognized Brand Hotels Could Return to 50-60% Occupancy in Autumn
The hotel market could return to an occupancy rate of 50-60% for hotels operated by recognized brands towards the end of the year, in a scenario in which the epidemiological context remains...
Car Parts Manufacturers in Romania Shed 5,000 Employees in 2019
Five large car part manufacturers in Romania – Autoliv, Lear Corporation, Yazaki, Faurecia and Adient Automotive – shed nearly 5,000 employees in 2019, according to finance ministry data cen...
Nearly 60% of Employees in Services Worked from Home during Health Crisis
Around six in ten employees in services worked from home during the COVID-19 health crisis and most had up to five a years work experience and were aged up to 45, according to a survey by Ip...
Fiscal Council: Romania's Public Debt to Top 50% of GDP in 2021
Romania's public debt is seen accelerating sharply in 2020-2021, to over 50% of the gross domestic product in an optimistic scenario, and over 55% of GDP in a pessimistic scenario, the Fisca...
Romania Ranks 26 in the EU 28 by Performance in Digitization
Romania ranks 26th out of 28 EU member states in the European Commission's 2020 Digital Economy and Society Index (DESI) released Thursday.