economy

The protracted COVID-19 pandemic has seriously affected Romania’s economic activity and household incomes in the short-run, says the World Bank’s Human Capital Index. "A proactive but constrained fiscal response supported firms to retain…

The Ministry of Public Finance has announced a three-year extension of the GD 807/2014 financing measure,  between 500,000 EUR to 37.5 million EUR of EU funds for Start-ups, SMEs and big companies, the deadline being set to  December 31st,…

Romania has lost EUR 6.595 billion in 2018 from non collected VAT, according to a report on the VAT Gap released by the European Commission. In 2018, the estimated VAT Gaps among Member States ranged from 0.7% in Sweden, to 33.8% in…

Financial analysts expect the coronavirus to make a strong economic impact until the second quarter of 2021, according to  a survey conducted in July 2020 by Romania's chartered financial analysts association CFA Romania. Romania's…

As against the same quarter of 2019, the Gross Domestic Product recorded a decrease by 10.5% for both unadjusted series and the seasonally adjusted series in Q2 2020, while in Q2 2020 was, in real terms, it was by 12.3% lower, as compared…

The Romanian Investor Relations Association (ARIR) organized the fourth edition of the monthly event "Market sentiment - August". The first conclusions of the representatives of the National Bank of Romania, CFA Society Romania and OTP…

The European Commission published at the end of June the 2020 edition of the Digital Economy and Society Index (DESI), an annual study that assesses Europe’s digital performance and tracks the evolution of EU member states in digital…

The average net salary in May 2020 has been RON 3,179, by RON 3 less than in April, and the gross one RON 5,188, according to the latest report by the National Institute of Statistics on the May average earnings in Romania. However, as…

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%…

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…