coronavirus crisis
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CITR: Companies In Romania Face Liquidity Crisis, Coronavirus-Led Crisis
Nearly 70% of companies in Romania access insolvency three years after the start of the state of difficulty, significantly reducing their chance of business revival, according to insolvency specialist CITR, part of Impetum Group,
EBRD Sees Romania’s Economy Contracting 4% In 2020 Under Covid-19 Impact
The European Bank for Reconstruction and Development (EBRD) said in a report Wednesday that it expects Romania’s economy to shrink by 4% in 2020 under the impact of the coronavirus crisis an...
Some 7,000 Romanians Lose Their Jobs Daily Amid Coronavirus Crisis
The number of labor contracts terminated in Romania has reached 194,824 on April 7, according to Labor Ministry data, 7,270 more than the contracts registered on April 6.
Romanian Health Minister Resigns Amid Coronavirus Crisis
Romania's health minister Victor Costache stepped down from office Thursday morning as the country's healthcare system is facing mounting pressure and shortages in dealing with the coronavir...
Romania Declares State Of Emergency Over Coronavirus, Starting March 16
Romanian President Klaus Iohannis has declared state of emergency starting Monday (March 16), in order to allow the Government to better manage the coronavirus crisis.