economy

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…

AmCham Romania believes that Standard & Poor’s maintaining of Romania’s sovereign rating at “BBB- with a negative perspective” reflects the realities faced by the national economy after the shock generated by the COVID-19 pandemic. The…

Fondul Proprietatea has urged the Chamber of Deputies, as the decision-making chamber, to analyse the potential negative effects and to reject the draft bill on certain measures to protect national interests in the economic activity. The…

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…