World Bank: Romania Activates EUR400M Financial Support To Combat Human, Economic Impacts Of Coronavirus Pandemic

ZF NEWSRSS

• Labor Minister Estimates One Million Romanians Could Benefit from Furlough Pay

  04.03.2020

  An estimated one million Romanian employees would benefit from government-subsidized furlough pay, labor minister Violeta Alexandru said Friday. more

• Romania Insurance Market Ends 2019 With 8% Higher Underwritings, Of RON11B

  04.03.2020

  Romania’s insurance market reported a volume of underwritings of RON11 billion at the end of 2019, 8% higher than in 2018, with the general... more

• Ford Keeps European Production Facilities Closed at Least Until May 4

  04.03.2020

  Ford confirmed Friday that the temporary suspension of vehicle and engine production at most of its European manufacturing sites is now expected to... more

• One in Five Employees in Romania's Manufacturing Industry Put on Furlough

  04.03.2020

  One in five employees in Romania's manufacturing industry, the biggest sector by number of jobs in the country's economy, had been put on furlough... more

• Financial Watchdog Assures Private Pensions Are Safe Despite Market Turbulence

  04.03.2020

  Romanian's private pension contributions are safe as the system is built for the long run, with 30-40 years of saving and balanced and cautious... more

• Antitrust Body Clears Caussade Semences Acquisition By Euralis

  04.03.2020

  Romania’s Competition Council on Friday said it approved the transaction whereby agricultural raw material and farming seeds producer Euralis... more

• Romradiatoare Brasov Expects 20% Decline In Turnover In 2020 Amid Coronavirus Crisis

  04.03.2020

  Romanian electrical components manufacturer Romradiatoare Brasov (RRD.RO) expects a 19.5% decline in turnover in 2020, in the context of the... more

• Lactalis Sees Over 100% Rise In Orders Of UHT Milk And Butter

  04.03.2020

  Lactalis Romania, the largest dairy business in the country, has seen an over 100% increase in orders of UHT milk and butter lately, because the... more

• Sorin Cretu, BDT: We Expect Higher Decline Of Auto Market In Q2

  04.03.2020

  The auto market will see decline in the second quarter, as markets more affected by the COVID-19 pandemic posted record decline in March, says... more

• Online Orders To Drive Courier Market Up To RON5.4B In 2020

  04.03.2020

  The mail and courier market, one of the sectors where the 2009 crisis did not shake the large businesses, could be a winning sector this year, too,... more

• Autoliv Cuts Expenses and Part of Employee Benefits to Cope with Coronavirus Crisis

  04.02.2020

  Car safety systems manufacturer Autoliv Romania, the local subsidiary of the Swedish group Autoliv, said Thursday it has temporarily suspended all... more

• UniCredit Bank Supervisory Board Chairman Dan Pascariu Quits Position

  04.02.2020

  Dan Pascariu, chairman of UniCredit Bank's supervisory board, announced he was quitting the position in the board meeting held Thursday. more

• Austria's XXXLutz Temporarily Closes mömax Stores in Western Romania

  04.02.2020

  Austrian furniture and home decor retailer XXXLutz, with annual sales of EUR4.65 billion, announced Thursday it was temporarily closing its mömax... more

• Tourism Employers Call for Legislation Change to Protect Seasonal Workers

  04.02.2020

  Romania's employers association in the tourism sector calls for quick legislation changes to allow employees of seasonal business to benefit from... more

• Coronavirus Crisis Depreciates Pension Fund Assets

  04.02.2020

  Assets managed by mandatory private pension funds in Romania have depreciated 6.7% on average in January-March due to market shocks caused by the... more

• Renault Extends Activity Halt at Dacia Car Assembly Plant

  04.02.2020

• Tax Office Pays RON4B in VAT Refunds in March

  04.02.2020

• C&W: Shopping Mall Closures Affect Over 9,000 Stores; E-Commerce May Become The Big Winner On Long Term

  04.02.2020

• Romanian Finance Minister Expects Quick Recovery After Coronavirus Crisis

  04.02.2020

• ING Bank, NGO Partners Unveil EUR330,000 Donation To Mitigate Effects Of COVID-19 Outbreak

  04.02.2020

• Colliers: Online Shopping Could Become More Widespread in the Future

  04.02.2020

• MKOR Consulting: One In Four Romanians Face Pay Cuts Since Start Of Coronavirus Crisis

  04.02.2020

• BestJobs Poll: Three In Ten Romanians Work From Home, Believe Crisis Will Last Two More Months

  04.02.2020

• Compa Sibiu Scales Down Activity, Suspends Individual Labor Contracts For Most Staff On April 1-30

  04.02.2020

• The Surge Before The Freeze: Romania Smartphone Market Up Almost 20% In Value In Jan And Feb

  04.02.2020