RECOVERY
22 articole · RSS
Federation of Hoteliers in Romania Expects First Signs of Tourism Recovery in 2021
The first signs of a rebound in tourism industry will show this year, says Calin Ile, chairman of the hotel industry in Romania FIHR and he expects the sector to recover 25% of last year’s d...
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...
Romanian Economy Takes Steps Towards Recovery
The economy is slowly recovering after the almost three months of isolation and businesses are resuming operations, adjusting to the new conditions.
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...
Unilever Ice Cream Division Optimistic About Recovery by Yearend
The ice cream division of Unilever, a group which also sells cleaning, personal care or other foods and beverages, has been affected by the COVID-19 pandemic, but its officials are optimisti...
Colliers: Non-Food Retailers Expect 30% Drop in Sales this Year
Non-food retailers, among the most affected by restrictions due to the Covid-19 pandemic, expect their sales will drop by an average 30% by the end of the year, according to a Colliers Inter...
Romanian Finance Minister Expects Quick Recovery After Coronavirus Crisis
Romanian finance minister Florin Cit said Thursday he is optimistic and expects the country's economy to recover as quickly as it collapsed.
There Is Life After Insolvency: Jolidon, Ambient And Carpatair See Growth Despite Going Through Reorganization
Only 2% of the companies going insolvent successfully reorganize, which means most jobs in those companies are lost for good.
Holcim: Construction Sector Recovering After Six-Year Decline
Romania’s construction sector is recovering after six years of decline but needs infrastructure investments to be able to enjoy a sustainable recovery, says Francois Petry, chief executive o...