Social/Politics
Romania Will Need to Borrow at Least EUR26B in 2020
The coronavirus crisis has raised expenses and cut revenues to the state budget and Romania will need to borrow at least EUR26 billion to finance its budget deficit and external debt.
Romania's Budget Gap to Widen to 6.7% of GDP in 2020, Fin Min Says
Romania's finance minister Florin Citu said Wednesday the country's budget deficit will reach 6.7% of the gross domestic product this year and the country's prognosis commission expects the...
Leroy Merlin Romania CEO: Return To Normal Will Take A Longer Period of Time
Frédéric Lamy, CEO of do-it-yourself retailer Leroy Merlin Romania, on Wednesday said this period will deeply change consumer behavior and people’s and companies’ way of thinking must change...
Romania Extends State of Emergency Until Mid-May
Romanian President Klaus Iohannis on Tuesday issued a decree extending the state of emergency in the country by another month in a bid to limit the spread of the coronavirus.
Romanian Central Bank Starts Buying Government Bonds
Romania's central bank has approved and started the acquisition of government bonds to help finance ballooning expenses prompted by the coronavirus crisis, a central bank official said Tuesd...
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...
BestJobs: A Quarter Of Romanian Employees Left Jobless Or Put On Furlough Amid COVID-19 Crisis
One in ten Romanian employees participating in a poll by recruiting platform BestJobs said they lost their jobs and approximately 15% were put on furlough, while 16% have reduced salaries.
Number Of Labor Contracts Suspended Drops By Nearly 25,000 From One Day To Another
The latest data from Romania’s Labor and Social Protection Ministry show that over 1,000,000 labor contracts have been suspended and over 200,000 labor contracts have been terminated until A...
C&W Echinox: Employees Working From Home Appreciate Saving Time and Money, Lack Interaction
Employees of office buildings who are currently working from home said they appreciate saving money and time spent in traffic but miss office interactions and socializing and have trouble se...