ECONOMY
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Romania Labor Market Yet To Recoup 10,000 Jobs Lost During Pandemic
20 out of Romania’s 41 counties and capital city Bucharest registered declines in the number of employees during June 2019-June 2021 period. Consequently, the Romanian labor market has yet t...
Penny CEO Daniel Gross Expects 2021 to Be More Difficult Than 2020
This year will be more difficult than the first year of the pandemic, whose impact will be stronger in 2021, believes Daniel Gross, the chief executive officer of German-held discount store...
BRD-SocGen Expects Moderate Economic Growth in Romania in 2021
The performance of the banking sector depends on the performance of the economy, and they will be convergent, while the economic growth will be moderate in 2021 and have a positive effect on...
Mid Europa Partners Expects 2021 to Be Better
The year 2021 will be a better year both overall and for Romania’s economy, believes Matthew Strassberg, comanaging partner of buyout investor Mid Europa Partners.
BT Analyst: Romania’s GDP May Grow 2.5% In 2020-2022 Due To 6.7% Increase In Productive Investments
Romania’s economy may see an annual average growth of 2.5% between 2020 and 2022, backed by a 6.7% increase in productive investments, against the backdrop of a favorable evolution in 2019,...
World Bank Sees Romania’s Economy Growing 3.5% In 2021
The World Bank expects Romania's economy to contract 5% in 2020, followed by a 3.5% growth in 2021 and a 4.1% growth in 2022, according to a note by lender Banca Transilvania.
Analysts See Economy Growing in 2021, Unable to Reach 2019 Level
Romania’s economy will grow in 2021 but will not reach the 2019 level. However, not all sectors will feel it, since sectors like hospitality and food service industry and travel will remain...
Csaba Bálint, Central Bank: Romania’s Economy Could Fare Better In Q4/2020 Than EU Average
Romania's economy may perform better in the last quarter of 2020 compared to the EU average, as a result of the dissipation of the basic effects induced by the agricultural sector, Csaba Bál...
Romania Won't Shut Down Its Economy Again, Says Finance Minister
Romania will not shut down its economy as it did during the two-month state of emergency in spring, finance minister Florin Citu said Thursday in a radio interview.