decline

In the second quarter 2020, still marked by COVID-19 containment measures in most Member States, seasonally adjusted GDP decreased by 12.1% in the euro area and by 11.9% in the EU, compared with the previous quarter, according to a…

Orange Group has announced the financial results for the second quarter of 2020, available on June 30. Therefore, during April-June, Orange Romania has posted a turnover of EUR 242 million, down by 10pc compared to the same period last…

OMV Petrom Romanian oil company's net profit in the first half of this year stood at RON 867 million, by 56 pct less than in the similar period of last year, according to the half-year report. Sales income was RON 10.069 billion, which…

The Romanian economy showed signs of resilience in the first quarter of the year, says the latest economy forecast released by the European Commission today. The EC says that the real GDP increased by 2.4% year-on-year (0.3%…

To prevent the spread of the COVID-19 pandemic, EU Member States have taken a wide variety of restrictive measures. Among other limitations, bars, restaurants and hotels were closed in almost all countries affecting the volume of services…

The crisis generated by the pandemic highlights the weak economic foundations. An Euler Hermes analysis predicts that the Romanian economy will register the worst quarterly contraction of more than 20 years in the second…

The economic consequences of the COVID-19 pandemic are of an unprecedented scale in Europe. The twin supply-demand shock has resulted in the halting of production (at least partially) in many companies as employees cannot go to work and in…

A new EIB report published today, the CESEE Bank Lending Survey, provides insights into banking group activities and business expectations in Central, Eastern and Southeastern Europe (CESEE). The report analyses portfolios, demand and…

The long-term consequences of COVID-19 pandemic have a higher impact on the level of Romanians' financial welfare, but also of the Europeans as a whole, reads a Intrum study, "European Consumer Payment Report 2020" conducted on 4,800…

Liberals and Social Democrats are dropping in the voters' preferences according to a May IMAS opinion poll commissioned by Europa FM, while Pro Romania continues to be on a upward trend. PNL would obtain 32.6% in parliamentary elections,…