economy

The European Union (EU) and the Romanian Government are to make available up to 1 billion EUR to support the growth in the key sectors of the economy. The targeted companies are the ones that seek for investments into the development of…

The Romanian economy might decrease by 4 percent in 2020 due to the Coronavirus pandemic, reads a report by the European Bank for Reconstructions and Development (EBRD). However, the European Banks forecasts a rise by 4pc in 2021. The…

European Fintechs Loyaltek and Paynovate launch the Unity Card, a prepaid card that can be used for emergency humanitarian aid or to specifically support certain segments of the population, such as local retailers and merchants who’ve had…

President Klaus Iohannis has voiced his optimism regarding the evolution of the domestic economy after a meeting he had with the the PM, Finance minister and the governor of the Central Bank (BNR), Mugur Isarescu, in order to review the…

The Covid-19 crisis has hit the Eurozone economy like a meteorite. According to a preliminary flash estimate provided by Eurostat, Eurozone GDP declined by -3.6% q/q in Q1 2020 – the sharpest decline on record. To compare and contrast, in…

Romania's economy will decline by 6% this year following the coronavirus pandemic and after the lockdown measures, according to the forecast on Romania released by the European Commission. The EC also says that our country's GDP will regain…

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…

by Dimitrios Goranitis, Risk and Regulatory Advisory Partner, Deloitte Romania. Ten years after the credit crisis, the European Union demonstrates that it has learned very little on how to unite and decisively take pan-EU…

Romania's economy has a contraction ranging from 30 pc to 40 pc, as the coronavirus epidemic peak has not been yet reached, Economy minister Virgil Popescu said on Monday. "We are obviously affected, very affected (by the COVID-19…

by Elena Badea, Managing Partner, Valoria Business Solutions   From the discussions we have with the managers of the companies that we offer marketing consulting services in Valoria, most of them are already working, together with…