Andreea Marinescu

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.

A number of 1,046,527 individual employment contracts have been suspended since the entry into force of the state of emergency (March 16) so far, according to figures from the Labor Inspection published Monday by the Ministry of Labor and Social Protection (MMPS).

The annual inflation rate kept steady at 3 percent this March, as food grew by 5.11 percent more expensive, service prices advanced 3.8 percent and non-food prices went up 1.39 percent, shows data released on Friday by the National Institute of Statistics (INS). March 2020 consumer prices were 0.5 percent higher compared to February and 1.16 percent up from December 2019.

The World Bank has revised significantly its estimates of the Romanian economy's advance this year, down to 0.3 percent from 3.8 percent, as projected three months ago, but growth would gradually bounce back in the second half of 2020 and further accelerate in 2021 to 4.4 percent, according to the World Bank's economic update spring 2020.