Economics
The Foreign Investors Council has a new executive team
June 12, 2020 12:44
The Foreign Investors Council – FIC re-elected Ramona Jurubiță, Country Managing Partner KPMG Romania as FIC president. She will be supported by Eric Stab, Chairman & CEO of ENGIE Romania, Executive Director ENGIE Eastern Europe and Cristia...more »
Standard & Poor’s has reconfirmed Romania’s country rating and maintains a negative outlook
June 09, 2020 09:07
The rating agency Standard & Poor's reconfirmed the sovereign rating related to Romania's government debt to BBB- / A-3 for long-term and short-term debt in local currency and currency, as well as the negative outlook. The rating agency's dec...more »
Teleworking challenges and solutions
June 03, 2020 08:33
Remote work, also called telework, represent any task that you can perform for your employer (or client) from outside the company premises (e.g., programming, creative design, translation, project management, virtual assistance, writing, digital ma...more »
Businesses remain optimistic on foreign direct investment plans despite COVID-19 concerns
June 02, 2020 12:51
Analysis reveals that the COVID-19 pandemic disrupted many business plans leading to the delay or cancellation of 35% of 2019 foreign direct investment (FDI) projects into Europe, according to the 20thedition of EY Europe Attractiveness survey...more »
A typical fraud case lasts 14 months before detection and causes a loss of over 8000 USD per month
May 27, 2020 12:31
A typical fraud case lasts 14 months before detection and causes a loss of over $8,000/month, according to the Association of Certified Fraud Examiners (ACFE) 2020 Report to the Nations. When considering today’s financial landscape, where transac...more »
Up to 1 bln. EUR of EU funds and state aids in the next two months. Few of the most COVID-19 crisis hit sectors, amongst eligible financing
May 27, 2020 11:57
Here are the last months in which 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 i...more »
Updates and practical implementation aspects for Non-reimbursable funding through State Aid
May 25, 2020 09:44
GovNET organized on May 21, 2020, the sixth edition of the online conference "Non-Reimbursable Financing through State Aid - Update and practical aspects of implementing the state aid scheme 2014 - 2020", having as guests the representatives of the...more »
Cross-border deliveries have increased by 75% and parcel volume doubled in 2020
May 22, 2020 12:39
Cross-border sales have increased by 75% since the beginning of the year, compared to the last months of 2019, amid the increase in online orders, but also the improvement of delivery services, according to Coletăria.ro. The situation generated by...more »
Rompetrol announces growing retail activities in 2020
May 22, 2020 09:38
KMG International Group continued for the first four months of the year to consolidate and develop its retail activities in the Black Sea region, by opening 12 new fuel stations, but also expanding the range of products and services offered. T...more »
Romania's industrial production decreased by 6% in the first quarter
May 13, 2020 18:05
Data provided by the National Institute of Statistics showed a steep decrease in production in the romanian industrial sector by 3.4% (gross series) and 12.4% respectively (series adjusted according to the number of working days and seasonality). If ...more »
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