Analysis
IMF Sees Romania's GDP Falling 5% in 2020 Under Covid-19 Impact
The International Monetary Fund estimates Romania's economy will drop 5% this year, according to the latest World Economic Outlook released Tuesday.
Beer Market Affected By Restaurant Closure And Postponement Of European Football Championship
The beer industry, which has seen a rebound after the crisis years and the many Romanians leaving the country cut consumption, could see a decline this year due to the closing the hotels, ba...
Romania’s Computer And Electronics Market Could Revert To 2014-2015 Level This Year
Romania’s computer and electronics market will go down this year, and the decline may be as serious as 30% to 50%, due to the COVID-19 pandemic, ending seven years of growth in a row.
Nielsen: FMCG Sales Grow 31.1% Since Start of Pandemic Until End-March
Sales of fast moving consumer goods grew a total 31.1% since the start of the pandemic until the end of March, according to market research firm Nielsen.
Romanian Auto Market Falls 23.8% YoY in 1Q/2020
Romania’s auto market declined 23.8% on the year in the first quarter, while the contraction in March alone was 33%, data from the Automotive Manufacturers and Importers Association (APIA) s...
Pharmaceutical And Food Sectors Keep Packaging Manufacturers Going
Romanian manufacturers of packaging for pharmaceutical and food sectors have been working in full gear in the past few weeks and say their production has been rising, because deliveries of f...
C&W Echinox: Employees Working From Home Appreciate Saving Time and Money, Lack Interaction
Employees of office buildings who are currently working from home said they appreciate saving money and time spent in traffic but miss office interactions and socializing and have trouble se...
World Bank Revises Romania's 2020 GDP Growth Forecast to 0.3% from 3.8%
Romania's economic growth is projected to slow significantly to 0.3 percent in 2020, from an estimated 3.8% percent before the Covid-19, according to the World Bank Economic Update Spring 20...
CFA Romania: Half of Managers See Pandemic Impact Until 4Q/2020
Half the managers polled by CFA Romania, namely 48%, expect the economic impact of the coronavirus pandemic will be felt strongly up until the fourth quarter and estimate Romania's budget de...