Social/Politics
BRD– Groupe Société Générale Donates RON1.7M For Medical Equipment, Covid-19 Tests, Disinfectants
BRD– Groupe Société Générale has donated RON1.7 million for the health sector, namely, for medical protection equipment, Covid-19 tests, disinfectants and medical devices needed in hospitals...
Romania EU Funds Ministry Unveils EUR680M Support For Local Health System, Business Environment
Romania’s European Funds Minister Marcel Bolos announced a set of measures worth EUR680 million aimed at supporting the local health system and business environment, in the context of the co...
Ford Romania Halts Production Due to Coronavirus Pandemic
Ford will be suspending activity at its assembly plant in Craiova, southern Romania, for a number of weeks starting Thursday, March 19, along with its manufacturing sites in continental Euro...
Ford Romania Employees Go on Furlough Amid Coronavirus Outbreak
Employees of Ford's car assembly plant in Craiova, southern Romania, will be forced to go on furlough between March 19 and April 5 due to the coronavirus epidemic, union representatives said...
Fin Min: Government Must Inject Liquidity into the Economy
Romania's government must inject liquidity into the economy and transfer resources from sectors doing well into sectors that will be hit harder by the coronavirus pandemic, finance minister...
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...
Banks Call for Amended Regulations to Postpone Loan Payments
Commercial banks have asked the Romanian central bank to amend the regulation framework to allow postponing loan payments in various situation arising from the coronavirus crisis, such as is...
SMEs Call for Urgent Government Action to Navigate Covid-19 Crisis
Around 98.6% of small and medium-sized businesses in Romania say their activity will be deeply affected in the upcoming period by restrictions imposed in a bid to limit the spread of Covid-1...
PwC: One in Five Companies Sees Revenue Drop amid Covid-19 Pandemic
Around 18% of companies in Romania expect their revenues to drop by as much as 20% due to the impact of the Covid-19 pandemic, while a large majority of companies (65%) have not yet assessed...