George Banciulea

Managers in Romania expect relative stability in construction, retail trade next three months

Romanian managers estimate for the next three months a relative stability of activity in construction and retail trade, a moderate decrease in the number of employees in construction, retail trade and services as well as price raises, according to the findings of a trend survey published on Thursday by the National Institute of Statistics (INS).

Assets managed by mandatory pension funds - up 18.4% at end-April

The total assets managed by the seven mandatory pension funds amounted to 61.87 billion lei at the end of April 2020, up by 18.4% compared to April 2019 and by 192.46% more than the value registered five years ago, according to an analysis made by the financial information platform about investment funds in Romania - SmartFin.ro.

EconMin Popescu: Government approves emergency ordinance to support large energy consumers

The government approved an emergency ordinance on Thursday to support large energy consumers, this being an amendment to the ordinance that allowed the support of 15 branches of industry, said on Thursday the Minister of Economy, Energy and Business Environment, Virgil Popescu, at the end of the government meeting.

Number of vacancies falls to 41,800 in Q1

The number of vacancies in the first quarter fell to 41,800, and 29% of them are in the public sector, according to data from the National Institute of Statistics (INS) released on Wednesday. Compared to the fourth quarter of last year, the number of job vacancies decreased by 5,300 while compared to the same quarter of 2019 the decline is 16,400.

Banks in Romania have solved 83pct of the 317,000 requests from customers to suspend installments

The banks in Romania have solved, two months after the onset of the health crisis generated by the COVID-19 pandemic, more than 83pct of the approximately 317,000 applications submitted by customers, individual and legal persons for the suspension of monthly payment obligations from credit agreements, announced on Monday the Romanian Association of Banks (ARB).

Romania registers economic growth of 2.4pct in Q1 of 2020

The Gross Domestic Product (GDP) increased in the first quarter of 2020 by 2.4%, as gross series compared to the similar period of last year, and compared to the previous quarter the increase is of 0.3%, according to the flash estimates published by the National Institute of Statistics (INS) on Friday.

Kurzarbeit model, discussed with employers and trade unions

The Kurzarbeit model (flexible work) was discussed with employers and trade unions, but was also presented to the Prime Minister and the Minister of Labor, but there are fears on the government side that it could not be implemented, the president of the Romanian-German Chamber of Commerce (AHK Romania), Dragos Anastasiu stated on Thursday.

Turnover of retail trade up 9.4pct in Q1

The volume of turnover for retail trade (excluding trade in motor vehicles and motorcycles) increased in the first three months of this year, compared to the same period last year, both as gross series and as series adjusted to the number of working days and seasonality by 9.4pct and 7.5pct, respectively, informs the National Institute of Statistics (INS).

Minister of Transport Bode: Europe needs investment plan in cyber security more than ever

Europe needs an investment plan in cybersecurity now more than ever, to be adjusted to the challenges generated by the novel coronavirus crisis, Minister of transport, Infrastructure and Communications Lucian Bode, who participated in the informal meeting of the ministers of telecommunications, through video conferencing, said on Tuesday.

BNR: Romania sees overlap of three crises and we must think how to exit impasse

The current situation in Romania is different than those in the past, because three crises overlap: a health crisis, a social crisis and an economic crisis, said, on Thursday, Adrian Vasilescu, strategy consultant with the National Bank of Romania (BNR).

Pages