economic recovery

The ongoing war in Ukraine has dimmed prospects of a post-pandemic economic recovery for emerging and developing economies in the Europe and Central Asia region, says the World Bank’s Economic Update for the region, released today.…

The latest Coface Romania study shows that in 2021, 6,113 new insolvency proceedings were opened, up by 10% compared to the previous year, but still below the level registered before the local impact of the Covid-19 pandemic. The losses of…

EU member states must ensure careful and efficient implementation of economic recovery plans that support inclusion and growth to bounce back from the worst impacts of the COVID-19 pandemic, says a new World Bank report. The World Bank’s…

The European Council today adopted the recommendation under the excessive deficit procedure for Romania. The recommendation establishes that Romania should put an end to the excessive deficit situation by 2024 at the latest. The Council…

The global recovery is on the right track albeit conditional on key differentiating elements across countries. Global GDP is expected to rebound by +5.1% in 2021, with one fourth of the recovery being driven by the US, while China should…

The Foreign Investors Council (FIC) has asked the lawmakers to ensure a budget structure that should guarantee the economic recovery, after the plenary session of the Parliament in Bucharest had voted the increase of pensions and of the…

European Commission has proposed an economic recovery package for up to 2.4 trillion EUR for all EU states; Over 1 bln. EUR of EU grants for Pandemic affected Romanian businesses: investments in the working capital, new projects,…

Romania has secured an impressive sum, almost EUR 80 billion for European projects within the EU Recovery Plan, President Klaus Iohannis has announced in Brussels after the European Council meeting. The money will be used for the…

Central and Eastern Europe’s tight integration with western European economies together with local measures to contain the Covid-19 pandemic will lead to significant output losses in 2020, says a Scope Ratings survey. Scope Ratings says…

On March 25, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Romania, a release from the IMF informs. Our note – the report does not include the latest developments, as PM…