Oana Tilica

Romania's economy advances 2.4pct in Q1 2020 mainly on household consumption

The annual growth of Romania's economy in the first quarter of 2020 - 2.4% unadjusted and 2.7% when seasonally adjusted series, was mainly due to the household final consumption expenditure, which volume increased by 3.8%, contributing 2.5% to GDP growth, according to provisional data with the National Institute of Statistics (INS) released on Tuesday.

LabMin Alexandru: Funding source to increase children's allowance to be found at budgetary correction

The government will increase children's allowance if the law comes into force and the source of funding will be identified at the budget correction, which will take place within a month, the minister of Labour and Social Protection Violeta Alexandru on Thursday evening told the private television Digi24. "We wait for the piece of legislation to go to the President.

Ministry of Environment to be lawyer of the five cities under infringement procedure for pollution with NOx

The Ministry of Environment, Waters and Forests (MMAP) will play the role of a lawyer for the five cities in Romania facing an infringement procedure for repeatedly exceeding the nitrogen dioxide (NOx) values, said the Minister of Environment, Costel Alexe.   "Bucharest is by far the worst case of the five.

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.

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.

FinMin Citu: IMM Invest website to be live on Tuesday, as of 09:00hrs

The website of the IMM Invest platform for small and medium-sized enterprises (SMEs) will become operational on Tuesday morning, as of 09:00hrs, Public Finance Minister Florin Citu announced on his Facebook page on Monday. He said that the entrepreneurs who want to request state-guaranteed loans can sign up on the website as of Tuesday morning. "The IMM Invest has been rebuilt.