Romania
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Survey: Romania Risks Collapsing Like A Sandcastle On Lack Of Concrete Solutions To Coronavirus-led Crisis
The Romanian economy risks collapsing like a sandcastle, as the authorities delay coming up with concrete solutions to the unprecedented crisis caused by the coronavirus pandemic, according...
KeysFin: Romania Food Retailers’ Sales To Double Growth Rate In 2020, Nearing RON125B At Year-End
Sales of food retailers in Romania will double their growth rate in 2020 and will be nearing RON125 billion at the end of the year, marking a record high, as per a KeysFin analysis.
World Bank: Romania Activates EUR400M Financial Support To Combat Human, Economic Impacts Of Coronavirus Pandemic
The World Bank has announced Friday that the Romanian Government activated EUR400 million of pre-arranged financial support to help prevent and respond to the COVID–19 (Coronavirus) pandemic...
Eurostat: Romania Ranked Next To Last In EU By Hourly Labor Costs In 2019, Of EUR7.7
Hourly labor costs in Romania, of EUR7.7, were the second lowest in the European Union, in 2019, after Lithuania (EUR9.4) and ahead of Bulgaria (EUR6), Eurostat data showed Tuesday.
Euler Hermes: Insolvencies In Romania Seen Up Over 12% In 2020, In Line With Trend In Other European States
The number of insolvencies in Romania is expected to increase by over 12% in 2020, in line with the situation in the other European countries, in the context of the crisis caused by the coro...
Raiffeisen Bank Expects Romania’s Economy To Contract 2.5% In 2020, Grow 4.5% In 2021
Raiffeisen Bank has built a new economic growth scenario for Romania, in the context of the coronavirus crisis, forecasting an economic contraction of 2.5% for 2020 (with a sharp contraction...
ING Bank Forecasts 0.9% Economic Contraction For Romania In 2020
ING Bank has revised downward its growth forecast for Romania’s economy, expecting an economic contraction of 0.9% for 2020. The bank also revised its estimations for the region, amid the co...
VIG Gross Underwritings In Romania Down 9.1% YoY To EUR468.2M In 2019
Austria’s Vienna Insurance Group (VIG) on Tuesday said in a financial report that it registered underwritten gross premiums of EUR468.2 million in Romania, in 2019, down 9.1% compared to 201...
Romania Declares State of Emergency: Schools Stay Closed, Services and Medicines Prices May Be Capped
Romanian President Klaus Iohannis issued a decree Monday declaring state of emergency for a period of 30 days, allowing authorities to take swift social and economic measures, keeping school...