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Unexpected Q1 Economic Growth Gives Hope for V-Shaped Recovery
As the National Statistics Institute released data on Friday indicating a surprising economic growth of 0.3% in the first quarter compared with the fourth quarter of 2019, economists are sur...
Romania Labor Ministry: Number Of Labor Contracts Suspended Drops By Over 300.000 In One Day
The latest data from Romania’s Labor and Social Protection Ministry show that some 500.000 labor contracts have been suspended and over 350.000 labor contracts have been terminated until May...
Iulius Group: Sales of Stores in Malls Down to Half After Reopening, Rebound by End 2020
Iulius Group is the real estate developer that owns the Iulius malls in the country and Pallas in Iasi. There are more than 1,000 stores and restaurants in Iulius group malls which had to su...
Vegetable Oil Producer Prutul Galati Revenue Slightly Down to RON682M in 2019
Prutul Galati, one of the largest producers of vegetable oil in Romania, ended 2019 with RON682 million revenue, slightly lower than in 2018, Finance Ministry data show.
Veranda Mall Owner Says Estimated 50% Decline in Revenue in 2020 at Start of Crisis
The impact of mall closures more than six weeks ago will be felt in 2020 and 2021, considering no one knows for how long they will remain closed.
Survey: Most Businesses In Romania Feel Impact Of Coronavirus Outbreak, Expect 10% Average Decline By End-2020
More than nine in ten companies (91%) in Romania feel the effects of the coronavirus outbreak, and the average impact on the business environment is estimated at -10.2% for 2020, as per a su...
Electricity Supplier Getica 95: Power Consumption Down 22%
Romania’s electricity production is now balanced with consumption, which dropped by 22% as many companies stopped or reduced operations, says Viorel Tudose, owner of electricity supplier Get...
Dacia Sees Steepest Sales Decline, Of 40%, Among Renault Brands In 1Q/2020
Global sales of carmaker Dacia, including vehicles and light commercial vehicles (LCV), plunged 40% in the first quarter of 2020, to a total 110,279 units, of which vehicles reach 101,778 un...
Sales Of PET-Bottled Beer Down To Less Than 45% Of Market In 2019
The share of PET-bottled beer in the total sales dropped by about 3% in 2019 compared with the previous year and reached 44.5%, Brewers of Romania Association data show.