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CGS Romania: Personnel Turnover Down 20% in 2020
The year 2020 came with good things, too, one of which was the decline in personnel turnover in the local outsourcing industry, says Vladimir Sterescu, country manager of CGS Romania, a prov...
New Retail Loans Down for First Time in 8 Years in 2020
New consumer and mortgage loans in lei and euros consumers took from banks fell by some RON2.7 billion or 7% from the 2019 level to RON34.3 billion in 2020. Last year was the first of declin...
Traffic on Romania’s Top Five Airports Down 64% to 70% YoY in 2020
Otopeni, Cluj-Napoca, Timisoara, Iasi and Sibiu, Romania’s five largest airports saw an up to 70% decline in passenger traffic last year compared with 2019, the data the airport officials su...
Luxury Hotel Business Halves to RON57M in 2020
Revenue of the luxury hotels in Romania halved to 57 million lei due to the pandemic in 2020, market research company Euromonitor data show.
Three-Month Money Market Rate Plunges To 1.59% After Central Bank Cuts Key Rate To Record Low Of 1.25%
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, plunged to 1.59% a year on Mon...
Traffic on Otopeni Airport Down to 4.4 Million People in 2020
Only 4.4 million passengers passed through the Otopeni (Henri Coanda) Airport in Bucharest in 2020, compared with almost 15 million in 2019. The decline therefore stood at 70%, reflecting th...
Road Transportation Industry Down 13% to RON43B in 2020
The road transportation industry suffered as a result of the pandemic, as well as due to the new European regulations in 2020. It dropped 13% to 43.6 billion lei compared with 2019, accordin...
Three-Month Money Market Rate Keeps Downward Trend, Reaches 1.80%
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, has decreased for the third co...
Three-Month Money Market Rate Drops For Second Consecutive Day, To 1.85%
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, declined for the second consec...