Social/Politics
One in Five Employees in Romania's Manufacturing Industry Put on Furlough
One in five employees in Romania's manufacturing industry, the biggest sector by number of jobs in the country's economy, had been put on furlough by April 2 due to activity halts promoted b...
Financial Watchdog Assures Private Pensions Are Safe Despite Market Turbulence
Romanian's private pension contributions are safe as the system is built for the long run, with 30-40 years of saving and balanced and cautious investment plans, which shields it from short-...
Tourism Employers Call for Legislation Change to Protect Seasonal Workers
Romania's employers association in the tourism sector calls for quick legislation changes to allow employees of seasonal business to benefit from unemployment aid, as the industry was hard h...
Coronavirus Crisis Depreciates Pension Fund Assets
Assets managed by mandatory private pension funds in Romania have depreciated 6.7% on average in January-March due to market shocks caused by the coronavirus pandemic, the Romanian associati...
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.
ING Bank, NGO Partners Unveil EUR330,000 Donation To Mitigate Effects Of COVID-19 Outbreak
ING Bank Romania, alongside NGO (non-governmental organizations) partners, is announcing a donation of EUR330,000 which targets the acquisition of protective gear and tests for public hospit...
MKOR Consulting: One In Four Romanians Face Pay Cuts Since Start Of Coronavirus Crisis
After less than three weeks since the start of the coronavirus crisis, almost one in four Romanians already faced pay cuts, according to a survey by research firm MKOR Consulting.
Banca Transilvania Donates EUR665,000 to Hospitals Fighting Covid-19
Banca Transilvania, Romania's largest lender by assets, has donated EUR665,000 so far to more than 30 hospital sin the country fighting the Covid-19 pandemic.
Romania Amends Loan Repayment Decree to Eliminate Additional Interest
Romania's government Monday evening amended a decree allowing borrowers to postpone their bank loan repayments for up to nine months, until the end of 2020, eliminating additional interest t...