CRISIS
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Horváth & Partners: Some 150,000 Firms In Romania May Go Bankrupt Due To COVID-19 Crisis Over The Next Year
Nearly 150,000 firms in Romania could go bankrupt due to the economic crisis caused by the COVID-19 pandemic over the next year, judging by the situation caused by the previous financial cri...
BestJobs: A Quarter Of Romanian Employees Left Jobless Or Put On Furlough Amid COVID-19 Crisis
One in ten Romanian employees participating in a poll by recruiting platform BestJobs said they lost their jobs and approximately 15% were put on furlough, while 16% have reduced salaries.
Terapia Cluj CEO Dragos Damian Doesn’t Expect Romania’s Economy To Rebound Soon After Crisis
Dragos Damian, CEO of Terapia Cluj, the largest pharmaceutical manufacturer in Romania, says the COVID-19 pandemic will have a major impact on the country’s economy.
Large Firms In Romania Urge Govt To Turn To IMF To Overcome Covid-19 Crisis: Economy Needs Nearly EUR30B Support
Several organizations in the Romanian business environment, among which Romanian Business Leaders, the National Council of Romanian Small and Medium-sized Enterprises, the Romanian-German Ch...
Blue Air Needs EUR60M Rescue Loan to Survive Covid-19 Crisis
Romanian airline Blue Air, which was forced to put 90% of employees on furlough, needs a rescue loan of EUR60 million to survive the Covid-19 crisis, said company CEO Oana Petrescu.
Massive Social Cost Of Crisis: One In Four Employees Sent Home, 190,000 Lost Their Jobs Altogether
Almost one in four employees in companies was either furloughed or without a job by April 6, the data centralized by the Labor Ministry daily show. A number of 1.14 million employment contra...
BestJobs Poll: Three In Ten Romanians Work From Home, Believe Crisis Will Last Two More Months
Nearly 29% of total employees in Romania participating in a poll conducted by BestJobs said they current work from home and believe the current crisis generated by the coronavirus will last...
Edelman: Consumers Expect Companies To Find Solutions To Coronavirus-Led Crisis
Companies must come up with solutions to help address the societal challenges posed by Covid-19, instead of selling passion or image, and brands play a critical role during this period, as t...
Dan Sucu, Mobexpert: Furniture Industry As Badly Hit As Travel Sector
The furniture and home decor sector is as badly hit as the travel sector by the coronavirus crisis and this year may be even worse than 2009, believes Dan Sucu, owner of Mobexpert, one of th...