coronavirus
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Turbomecanica Not To Pay Dividends To Its Shareholders Due To Economic Impact Of Coronavirus Crisis
Shares of Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) saw an up to 14.77% decline on Friday amid deals worth nearly RON1 million, after the company announced it will not p...
Dan Sucu, Mobexpert: Furniture Industry As Badly Hit As Travel Sector
The furniture and home decor sector is as badly hit as the travel sector by the coronavirus crisis and this year may be even worse than 2009, believes Dan Sucu, owner of Mobexpert, one of th...
All Malls In Romania Closed For First Time Ever
The major shopping centers closed on Monday, after the authorities issued a decree over the weekend requiring them to do so, in order to contain the spread of the coronavirus since they are...
Michelin Romania Halts Production At Its Victoria Factory In Floresti Amid Coronavirus Epidemic
Michelin Romania, part of French tire manufacturer Michelin Group, said it will halt tire production at its Victoria factory in Floresti (Prahova County) in the coming period.
Ten Sectors Working In Full Gear In Romania Amid Coronavirus Pandemic
Telecom watchdog ANCOM estimates traffic in the communications networks will surge by up to 50% over the coming period * Jean Valvis, the chairman of Valvis Holding: Sales are up 250% to 300...
MedLife To Open New Lab For Coronavirus Tracking, Testing
MedLife, the largest provider of private medical services in Romania, is opening a new laboratory for coronavirus tracking and testing, which is expected to become operational shortly, accor...
Romania Central Bank Cuts Key Rate To 2% A Year Amid Coronavirus Crisis
Romania’s central bank BNR on Friday decided to lower its main monetary policy rate by 0.50 percentage points to 2% a year from 2.5% a year currently, starting March 23, 2020, amid the coron...
IKEA Temporarily Shuts Its Two Stores In Romania Due To Coronavirus
IKEA has decided to temporarily close its two stores in Romania starting Friday (March 20), 6 p.m., as a precautionary measure against the risk of infection with the novel coronavirus (COVID...
Sphera Franchise Group Restricts Restaurant Operations In Romania Amid Coronavirus Outbreak
Sphera Franchise Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, announced the closure of part of the restaurants in its portfolio, in Romania, follo...