economic crisis

President Klaus Iohannis has warned in a press statement on Tuesday that Romania risks losing EU funds and being downgraded by the rating agencies if the state budget is not responsibly drafted amid economic crisis prompted by the Covid-19…

The impact of the COVID-19 pandemic has felt over the Europeans' financial conduct, too, in terms of managing their expenses and saving customs, reads the latest international ING survey conducted in May. At European level, Europeans are…

While attending the European Council's video conference on Friday, Romania President Klaus Iohannis  has lobbied for Romania's needs to receive the largest possible allocations under the cohesion and rural development policy, within the…

Facebook invests $3 million towards The European Journalism COVID-19 Support Fund. The news industry is working under extraordinary conditions to keep people informed during the COVID-19 pandemic. As people turn to local…

The Foreign Investors Council in Romania says in a press release that the local business environment needs urgent measures to help Romania's economy remain functional, advancing 100 urgent actions that the Government should take to overcome…

The Romanian Association of Banks (ARB) and the Banking Employers Council in Romania (CPBR) have sent an ‘open letter’ regarding the negative consequences generated by the second fiscal revolution, by implementing new taxes on the banking…

The figures released on Tuesday by the National Statistics Institute (INS) pointing to a y.o.y. economic growth of 4%, but to a slim 0.3% growth – almost stagnation – in Q1 2018 vs. Q4 2017 is an alarm signal, some analysts say. Three…

Romania imports much more than exports, so the trade deficit has grown alarmingly. During January 1 – February 28 it reached EUR 1.657 billion, by EUR 398.1 million larger than the one in the similar interval in 2017. Senate Economic…

The National Bank of Romania (BNR) Chief Economist, Valentin Lazea, warns about a new world economic crisis that will hit Romania without mercy. In Lazea’s view, Romania is most exposed. The main issue of the current account deficit,…

On Thursday, the National Statistics Institute (INS) revised the figures regarding the economic growth in 2017, down from 7% to 6.9%. No matter from the viewpoint you look to it, the economic growth is huge. As the ruling coalition says,…