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Expenditures directly related to coronavirus crisis - 3.1bn lei in 5 months

Wednesday, July 1, 2020

Expenditures directly related to the crisis caused by coronavirus amount to 3.1 billion lei, at 5 months, and the impact of the pandemic, in the middle of the year, is about 10 billion lei, Finance Minister Florin Citu said on Monday.He mentioned that when the budget rectification was made, the budget deficit was doubled, from 3.7pct to 6.7pct of GDP, and the three additional percentage points came from 10 billion lei additional expenditures that were mainly ...

Chiritoiu: Afraid Gov't will be tempted to see 5G as cash cow; I hope we can resist temptation

Wednesday, July 1, 2020

President of the Competition Council Bogdan Chiritoiu told a specialist video conference on Tuesday that the economic situation is difficult, as it has always been, and voiced his fears that the government will be tempted to see the 5G technology as a cash cow."The economic situation is difficult, but it has always been difficult. There have not been times in Romania when we could say 'Oh, look how well we are doing and how much money we have!' You never realize: ...

TAROM to operate several commercial flights to/from Greece, as of Wednesday

Wednesday, July 1, 2020

As of Wednesday, 1 July 2020, Romanian Air Transport - TAROM airline will operate several commercial flights (operated without restrictions) to/from Greece, the airline announced on its Facebook page.Thus, flights to/from Athens will be operated on Mondays, Wednesdays, Fridays and Saturdays and flights to/from Thessaloniki on Thursdays and Sundays.Moreover, TARON announced that, as a result of the decision of the Greek Government, as of 1 July, all ...

Euronews: New draft list of 15 countries that will be allowed to enter EU when borders open

Tuesday, June 30, 2020

Locked away in a meeting room in Brussels, officials are debating who will be allowed to enter the EU on July 1 when the bloc's international borders are scheduled to be opened - and who will be forbidden, euronews.com informs. There are two lists, one for those that will be accepted, and one for those who will not. The list has already aroused controversy after sources revealed that the United States - the worst-affected ...

Technical-Scientific Support Group decides to postpone relaxation measures set for 1 July

Tuesday, June 30, 2020

Health Minister Nelu Tataru said that, in the context of the increase in the number of new cases of COVID-19, the Technical-Scientific Support Group decided to postpone the relaxation measures which were to be implemented as of 1 July."Today [Monday], the meeting of this group [the Technical-Scientific Support Group] took place. Everything meaning the two weeks has been assessed. There have been two weeks during which, we had an increase in the number of new ...

Chamber: Extraordinary session between July 1 and 15

Tuesday, June 30, 2020

The Chamber of Deputies will work in extraordinary session in the period July 1- 15. The decision was made on Monday in the Chamber's Standing Bureau meeting. Among the projects on the agenda of the extraordinary session there is the Save Romania Union (USR) initiative "Without criminally convicted in public ...

Nicusor Dan is the PNL candidate for the district mayoralties in Bucharest

Tuesday, June 30, 2020

National chairman of the National Liberal Party (PNL) and Prime Minister Ludovic Orban said on Monday that he would like the right-wing parties to have single candidates for the district mayoralties in Bucharest, as well as for the General City Hall."We have made the decision very clearly - Nicusor Dan is the PNL candidate, a candidate who is also endorsed by our partners. In fact, that is crystal clear. Nicusor Dan has the ability to win the Bucharest City Hall ...

Govt. to unveil 5-yr Recovery Plan on July 1

Tuesday, June 30, 2020

Prime Minister Ludovic Orban announced that the economic recovery programme will be presented on Wednesday and that President Klaus Iohannis will be attending the presentation."The presentation of the economic programme will be on Wednesday, with the President of Romania, with whom we collaborated very closely. After the presentation of the economic programme, our goal is to adopt in a maximum of one month all the normative acts necessary to implement the measures ...

FinMin Citu: Success of SME Invest - undeniable; extended loans of 7.2bn lei

Tuesday, June 30, 2020

The success of SME Invest is undeniable, being accessed by 8,368 companies, and the volume of loans reached 7.2 billion lei, and represents 10.5% of the total stock of loans in lei for companies, the Minister of Finance, Florin Citu wrote on Monday on his Facebook page."The success of SME Invest is undeniable! So far: 8,368 companies!!! 7.2 billion lei loans extended!!! An absolute record! Loans through SME Invest already represent 10.5% of the total stock of ...

BNR: June 2020 Financial Stability Report

Tuesday, June 30, 2020

The most important systemic risk to financial stability in Romania moving forward is the rise in global uncertainty and fast deterioration of investor sentiment towards emerging economies, according to the June 2020 Financial Stability Report released by the National Bank of Romania (BNR) on Monday."Current assessments signal two severe risks to financial stability in Romania: a rise in global uncertainty and fast deterioration of investor sentiment towards ...

BNR identifies 17 economic sub-sectors severely affected by COVID-19 pandemic

Tuesday, June 30, 2020

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In its June 2020 Financial Stability Report released on Monday, the National Bank of Romania (BNR) identifies 17 sub-sectors that may be strongly impacted by the economic context generated by the COVID-19 pandemic and a further 17 that may be moderately affected.The special feature of the report takes a look at the 21st century epidemics and their implications for the banking sector and the real economy in Romania, with a focus on the effects of the COVID-19 ...

PwC survey: Most Romanian units of multinationals expect up to 25% loss in revenue in 2020

Tuesday, June 30, 2020

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Some 75% of Romanian companies that are members of multinational groups, estimate that their revenues will fall by up to 25% this year, compared to 2019, as a result of the coronavirus crisis, PwC Romania said on Friday, citing results of a new survey. Some 15.5% of the companies estimate the decrease in revenues between 25 and 50% this year,  according to "Pricing Challenges during and post Covid-19" survey conducted by PwC ...

Managers' short-term forecast: Activity rise expected in construction and retail over June - August

Tuesday, June 30, 2020

Increase of activity in construction and retail trade Moderate increase in the number of employees in construction and retail trade Price growth in retail trade Romanian managers expect an increase in construction and retail activity over June - August, they see the number of employees in these sectors growing moderately, and ...

BestJobs survey : Over 80% of Romanian employees will spend their holidays in the country

Tuesday, June 30, 2020

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Almost three quarters of the Romanian employees have not taken their annual leave this year, but 42% of those yet plan to apply for leave in the upcoming period, reads a BestJobs survey conducted during June 15-25. Over 80% of employees chose to stay in Romania and to spend some days off at the seaside or at the mountains (57.4%) or even at home (24.8%). They are mostly concerned that the people are too relaxed and do not comply with the hygiene and ...

Deutsche Welle journalist: politicians from Romania are involved in recruiting workers for Germany

Tuesday, June 30, 2020

Alina Kuhnel, Deutsche Welle journalist has told Digi 24 on Sunday evening that Romanian politicians would be involved in the businesses that manage the work contracts of the Romanians who go to work in Germany. The statements come amid the scandal of the Romanians who work in some meat processing units in Germany and who got infected with COVID-19. The Romanians complained of awful accommodation and working conditions, and also about the way ...

Number of residential building permits down 15 pct over Jan - May

Tuesday, June 30, 2020

The number of residential building permits issued in the first five months of 2020 amounted to 13,997, down by 15 percent from the year-ago period, the National Institute of Statistics (INS) said in a release.The development regions to see a decline in the number of permits in the reporting period are Bucharest-Ilfov (-571 permits), South-East (-520), South-Muntenia (-348), North-East (-325), Center (-321), South-West Oltenia (-237) and West (-167). The North-West ...

Over 18 million visitors to Romania's museums and public collections in 2019

Tuesday, June 30, 2020

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In 2019: - libraries lent, on average, 11 volumes/year to each active user1 , the same as in 2018; - approximately 18.2 million persons visited museums and public collections2 , compared to 17.6 million persons in 2018; - performing arts and concert institutions and companies gave 26.4 thousand performances on national territory, attended by 8.1 million spectators, ...

PM Orban: there are some politicians "who ignore the danger, who trivialize the epidemic risk and instigate not to comply with the rules"

Monday, June 29, 2020

According to Prime Minister Ludovic Orban, the increase in the number of novel coronavirus infection cases has nothing to do with the large number of tests processed over the past few days, but rather with the fact that relaxation intervened among the citizens.The Prime Minister said many Romanians dismissed the measures imposed by authorities also because of some politicians "who ignore the danger, who trivialize the epidemic risk and instigate not to comply with ...

CNA recommends radio and TV stations to stop Coronavirus-related fake news

Monday, June 29, 2020

After the alarming increase of Coronavirus infections in Romania, the Government’s Strategic Communication Group has asked the National Audiovisual Council (CNA) to recommend radio and TV stations not to promote the conspiracy theories that encourage people not to believe in the existence of the novel Coronavirus. PM Ludovic Orban stated that many Romanians had been tricked that the novel coronavirus does not exist or that the risk of infection ...

Gov't approves bill setting September 27 as date for 2020 local elections

Monday, June 29, 2020

On Thursday, the government approved a bill setting the date of the local elections on September 27. "The bill establishing the date of the 2020 elections to the local public administrations, namely September 27, 2020 has been adopted," Ionel Danca, head of the Chancellery of the Prime Minister, said Thursday after e meeting of the government.Prime Minister Ludovic Orban said last Saturday in Suceava that at this week's meeting, the government will adopt a bill ...

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