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.
The budget deficit increased in March by almost 10 billion lei, reaching 1.67 pct of the Gross Domestic Product after the first three months of the year, from 0.73 pct at the end of February, according to data published on Monday by the Ministry of Public Finance.
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.
The National Weather Administration (ANM) on Friday issued a Code Yellow advisory for wind gusts valid on Saturday in 31 counties.
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.
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.
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.
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.
Finance Minister Florin Citu announced on Wednesday that work is being done on a significant package of measures to restart the economy, a package to be introduced after the end of the state of emergency.
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.