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C&W Echinox: Romanians Will Spend More Time Outdoors, Prefer Domestic Vacations after Lockdown
Real Estate

C&W Echinox: Romanians Will Spend More Time Outdoors, Prefer Domestic Vacations after Lockdown

Two months of lockdown and the lingering danger of infection will influence Romanian consumer habits, as people will be tempted to spend more time outdoors and domestic vacation destinations...

Oana Gavrila · 11.06.2020 · 14:33 · 1 min
Colliers: Shopping Malls Invested EUR0.5M for Safe Reopening after Lockdown
Real Estate

Colliers: Shopping Malls Invested EUR0.5M for Safe Reopening after Lockdown

Shopping centers are preparing to reopen on June 15 and invested over EUR500,000 on safety measures and staff, real estate company Colliers International said Thursday.

Oana Gavrila · 11.06.2020 · 13:00 · 1 min
AmCham: Keeping Romania in Investment Grade Should Be an Economic Policy Priority
Analysis

AmCham: Keeping Romania in Investment Grade Should Be an Economic Policy Priority

Standard & Poor’s maintaining of Romania’s sovereign rating at “BBB- with negative outlook” reflects the realities of the country's economy after the shock of the COVID-19 pandemic and econo...

Oana Gavrila · 10.06.2020 · 13:09 · 1 min
FP Urges Parliament to Reject Bill Suspending Sales of State-Owned Shares
Capital Market

FP Urges Parliament to Reject Bill Suspending Sales of State-Owned Shares

Property restitution fund Fondul Proprietatea (FP.RO) urges lawmakers to reject a bill that would suspend all disposals of shares owned by the Romanian state a period of two years.

Oana Gavrila · 10.06.2020 · 12:26 · 2 min
Analysts Criticize Bill Banning Sale of State Shares in Companies, Banks
Analysis

Analysts Criticize Bill Banning Sale of State Shares in Companies, Banks

A bill banning the sale of state shares in state-owned companies, banks or any other company for two years to protect national interest in the economy would hinder the development of the loc...

Oana Gavrila · 09.06.2020 · 13:30 · 1 min
Poland Is Romania’s Main Source of Clothing Imports
Companies

Poland Is Romania’s Main Source of Clothing Imports

Romania imported EUR1.8 billion worth of clothing last year and its imports have doubled in value in the past six years, Eurostat data show.

Loredana Frățilă-Cristescu · 09.06.2020 · 09:32 · 1 min
At Least 10% of Corporate Employees Could Lose Their Jobs in H2 Due to Recession
Companies

At Least 10% of Corporate Employees Could Lose Their Jobs in H2 Due to Recession

The economic downturn along with the rethinking of business plans will lead to layoffs in the major companies in the next few months, market data show. At least 10% to 20% of the corporate e...

Loredana Frățilă-Cristescu · 08.06.2020 · 09:53 · 2 min
Romanian Economy Takes Steps Towards Recovery
Companies

Romanian Economy Takes Steps Towards Recovery

The economy is slowly recovering after the almost three months of isolation and businesses are resuming operations, adjusting to the new conditions.

Loredana Frățilă-Cristescu · 05.06.2020 · 09:42 · 2 min
EY: Renewable Energy Sector Expected to Bounce Back Quickly Despite COVID-19 Impact
Energy

EY: Renewable Energy Sector Expected to Bounce Back Quickly Despite COVID-19 Impact

The renewable energy sector is expected to bounce back quickly despite the global slowdown caused by COVID-19, as the long-term drivers for investment remain strong, according to the EY Rene...

Oana Gavrila · 04.06.2020 · 11:58 · 2 min