Andreea Marinescu

BNR's Lazea: Government, responsible for every citizen's health, not for every SME's survival

Many small and medium-sized companies will disappear, undoubtedly, but a government is responsible for the health of each of its citizens, not for the survival of each SME or every enterprise, especially in a market economy, Valentin Lazea, chief-economist of the National Bank of Romania (BNR), said in a specialized video-conference on Tuesday.

State borrows 1.594bn lei from banks on Monday

The Ministry of Public Finance (MFP) borrowed 1.594 billion lei from banks on Monday, through a benchmark government bond issue, with a residual maturity of 36 months, at a yield average of 3.84pct per year, according to data released by the National Bank of Romania (BNR). The nominal value of Monday's issue was 300 million lei, and the banks subscribed 1.918 billion lei.

Developer of children's healthy lifestyle app Wello selected to join Google's Startups Accelerator

Wello, the AI-based healthcare platform for children and parents, has been selected to join the Google for Startups accelerator as part of the Business Model Mastering programme for companies in the growth phase, a release informs.

Unemployment rate drops to 3.9 pct in 2019; unemployment - rife among lower;medium education graduates

The rate of unemployment dropped last year to 3.9 pct, from 4.2 pct in 2018, and unemployment affected to a greater degree the graduates of lower and medium education, for whom the unemployment rate stood at 6.3 pct and 4 pct, respectively according to the National Institute for Statistics (INS) figures published on Wednesday.

Real estate investment volume parks at 120.9 million euros in Q1 2020 (CBRE Research)

The volume of real estate investment was 120.9 million euros in the first quarter of 2020, of which 85% were purchased from offices and industrial spaces, CBRE Research data show, according to a release sent on Thursday AGERPRES. On the market of office space in Bucharest, in the first quarter of 2020, a total area of about 55,000 sqm was traded, less by 50 pct than the same period of 2019.

Budget deficit, rises to 6.7pct of GDP at adjustment

The deficit of the consolidated general budget for this year rises to 6.7pct of GDP at the first budget adjustment this year, given that the measures adopted to stimulate the economy represent 3pct of GDP, announced on Wednesday Finance Minister Florin Citu in a statement at the Victoria Palace. According to him, the cash deficit increases by 31.9 billion lei.

FinMin says short-time work for public employees not advised as everybody in public administration needed

Finance Minister Florin Citu says it is difficult to talk now about short-time working in the public sector, because the measure is difficult to interpret, cannot be applied uniformly and the entire administrative apparatus is needed in the fight against the coronavirus crisis.