losses

Tourism is ranked as the third largest export sector in the global economy. It accounts for over 30% of exports for many of the small island developing states (SIDS). For some islands like St. Lucia, the figure is actually 90%. In 2019,…

Half of the employees of Bran Castle have been fired due to the crisis prompted by the coronavirus pandemic. Only 67 out of 115 employees will remain to work in the castle as of October 1. With over one million tourists and sales of near…

Local authorities are paying for extra accommodation and offer free entrance to museums and archeological sites (Sicily, Italy) Beach resorts are offering free beach access and amenities (Bulgaria) Italy, Japan, UK might pay their…

PM Ludovic Orban had a meeting on Monday with the HoReCa representatives, with a preliminary deal on the terraces and cafes re-opening in Romania from June 1 under safety conditions. Hotels might also re-open as of June 15 if an agreement…

Uber Technologies Inc has announced on Monday that Uber Eats delivery service will stop operating in such countries as the Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Uruguay and Ukraine starting June 4. However, Uber taxi…

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…

Simona Halep is out of the Australian Open after having been defeated by Iberian Garbine Muguruza 7-6 (8), 7-5 in the tour's semifinals. "This one hurt a lot, and still does, but if I have learnt anything in my career, it's that the…

Over half of the Romanian private businesses (52%) say that shortage of skilled employees causes financial losses reaching a total of EUR 7.1 billion estimated for the entire economy, reveals PwC European Private Business Survey 2019. Most…

The National Bank of Romania (BNR) has reacted on Monday to the statements made by Darius Valcov, economic adviser to Prime Minister Viorica Dancila, by saying that he has problems in understanding the management of international reserves…

This is the question Ianc Petru, Chairman of the Romanian Society for Metallurgy has tried to answer. According to the expert, quoted by g4media.ro, most affected are the steel exports. Thus, Romania risks losing exports to the United…