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Coface Romania Analysis: Vulnerability of the business environment in the context of the Covid-19 pandemic

Friday, April 23, 2021

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* The latest Coface analysis was launched at the Country Risk Conference which brought together over 350 participants   Coface Romania launched an analysis of the business environment in the context of Covid-19 during Country Risk Conference, a business event with tradition, now in its 16th edition, held on April 21. According to the data, 4 out of 10 companies active on the domestic market were ...

Eurostat: Romania, one of largest government deficit in EU in 2020

Friday, April 23, 2021

All EU member states ended 2020 with a government deficit, but the highest values were registered in Spain (11% of GDP), Malta (10.1% of GDP), Greece (9.7% of GDP), Italy (9.5% of GDP), Belgium (9.4% of GDP), France and Germany (both with a deficit of 9.2% of GDP), according to the preliminary data published on Thursday by Eurostat.According to these numbers, based on the ESA methodology, Denmark was the only EU member country that had a government deficit ...

Head of small businesses' umbrella organisation: We will fight hard for Development Bank to become reality

Friday, April 23, 2021

  SME Invest is the most important business-support program of last year, president of the National Council of Small and Medium-sized Private Enterprises in Romania (CNIPMMR) Florin Jianu said on Thursday, pointing out that the program has helped tens of thousands of businesses to get access to working capital and weather the difficult period of 2020."Our plans for 2021, together with our colleagues from the National Credit Guarantee Fund for ...

Romania requests to host future European Authority for Children

Friday, April 23, 2021

Romania is entitled to request the setting up in Bucharest of a future European Authority for Children sometimes in 2023, said European MP Dragos Pislaru, USR PLUS.   Pislaru, a rapporteur from Renew Europe for the EP resolution on the Guarantee on the Guarantee for Children and member in the EP team monitoring and implementing the Mechanism for Recovery and Resilience, made that statement at an online ...

Saveni cheese, 7th Romanian product acknowledged and protected in EU

Friday, April 23, 2021

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The European Commission approved on Thursday the inclusion of the Romanian product “Saveni cheese” in the register of products that benefit from the Protected Geographical Indication , an EU press release informs.   “Saveni cheese is a matured cheese produced in the Botosani area. It has a long maturation period (60 days), which produces a homogeneous consistency and colour. The taste ...

Ioana Mihaila, sworn in as new Minister of Health

Thursday, April 22, 2021

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The newly appointed Minister of Health, Ioana Mihaila, on Wednesday was sworn in at the Cotroceni Palace, in front of President Klaus Iohannis."Mrs Minister, you are taking over today a very difficult ministry, the Ministry of Health, during a very difficult time, of a pandemic. I wish you a lot of strength, good luck and to integrate well with your government," the head of state told the new minister.The President signed the appointment decree ...

President Iohannis: I expect HealthMin to show responsibility, get involved, act efficiently and constantly communicate

Thursday, April 22, 2021

  President Klaus Iohannis on Wednesday said that he expected a lot of responsibility and involvement from the new Minister of Health, Ioana Mihaila, but also to explain to the Romanians the current situation regarding the measures taken against the pandemic.In a press statement at the Cotroceni Palace, the President underscored that the fight against the pandemic is the top priority of the ...

Priorities of newly appointed HealthMin: To attract EU funds, increase access to basic medical services, management reform

Thursday, April 22, 2021

Attracting European funds, increasing access to basic medical services, but also reforming the management of hospitals and health services are three priorities of the newly appointed Minister of Health, Ioana Mihaila."In addition to managing the pandemic, my mandate will focus on the following three priorities:* Attracting and using European funds for health care reforms and investments; under the National Recovery and Resilience Plan, we ...

President Iohannis urges gov't to less arguing, more dialogue

Thursday, April 22, 2021

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 President Klaus Iohannis on Wednesday urged the members of the government to have less arguing and more dialogue, less political passion and more responsibility, less pride and more co-operation, saying that the fight against the COVID-19 pandemic should be their utmost priory."The governing coalition went through a difficult time. Any alliance in which several political forces work together faces such challenges. We must not treat this episode as ...

Romania to start vaccinating with Johnson & Johnson on EMA decision

Thursday, April 22, 2021

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Romania will start vaccination against COVID-19 with Johnson & Johnson vaccines, after the European Medicines Agency (EMA) has found that the benefits of the Johnson & Johnson's vaccine outweighs risks, Prime Minister Florin Citu said on Wednesday when asked if the vaccination with the vaccines made by that company will start in Romania."Yes. After that EMA decision, we will start vaccinating with Johnson & Johnson as well. It was the solution ...

ForMin Aurescu: Romania, not directly threatened by developments in Black Sea, we must de-escalate situation

Thursday, April 22, 2021

Minister of Foreign Affairs Bogdan Aurescu said on Wednesday evening that Romania is not directly threatened by the evolution of the situation on the Black Sea, but it must be de-escalated."It is a situation that preoccupies us and in relation to which we have expressed our concern (...) It is the largest Russian troop build-up since 2014, it is really, based on all the analyses, an unusual troop movement that has alerted NATO, naturally, it alerted the ...

Romania - Poland - Turkey trilateral meeting on security to be organized this Friday în Bucharest

Thursday, April 22, 2021

Minister of Foreign Affairs Bogdan Aurescu will host in Bucharest the Romania - Poland - Turkey trilateral meeting on security, with his counterparts Zbigniew Rau and Mevlut Cavusoglu attending, the Foreign Ministry informs in a release on Wednesday.In a first for the Romania - Poland - Turkey trilateral format, the Georgian and Ukrainian Foreign Ministers David Zalkaliani and Dmytro Kuleba will participate, at Bogdan Aurescu's initiative, in a special ...

Head of Defence Chief of Staff, in North Macedonia, addresing region security

Thursday, April 22, 2021

Intensifying military cooperation in the bilateral and allied format, security in Western Balkans region and supporting NATO and EU actions in the area were among the topics tackled by the Head of the Joint Chief of Staff, lieutenant-general Daniel Petrescu, during a visit in the Republic of North Macedonia, according to a press release sent by the Ministry of National Defence (MApN) .Lieutenant-general Daniel Petrescu paid an official visit on Tuesday to ...

Senate approves DNA's request to prosecute former Health Minister Florian Bodog

Thursday, April 22, 2021

The Senate plenum approved today by a vote of 98 to 24 and one abstention the request of the National Anticorruption Directorate (DNA) to start the criminal prosecution of former Health Minister Florian Bodog.Anti-corruption prosecutors sought the Senate's approval for starting probing Florian Bodog on accusations of having arranged, during his term as minister, for a personal advisor to collect a salary for 12 months without actually coming to work and ...

Liviu Dragnea's early release request gets favorable opinion from Rahova Penitentiary parole committee

Thursday, April 22, 2021

 The Rahova Penitentiary parole committee gave a favorable opinion for the early release of former Social Democrat leader Liviu Dragnea, finding that all the legal requirements are met, his lawyer Flavia Teodosiu announced on Wednesday.Teodosiu said that Dragnea would have qualified for the committee's assessment in February, had his right to work not been "violated".The former leader of the Social Democratic Party applied with the Bucharest ...

Moody’s: Romania among main winners of EU’s post-crisis funding but implementation is key

Thursday, April 22, 2021

Croatia, Bulgaria, and Romania would see the most significant GDP gains (1.0, 1.0, and 0.8 percentage points (pp) per year, respectively) over 2021-27, assuming full absorption of traditional funding and Recovery and Resilience Facility (RRF) grants, rating agency Moody's concluded in a report on the Central and Eastern European countries.   EU funding will boost economic growth, but institutional ...

WIIW spring economic forecast : CESEE economy to grow by 3.8% in 2021

Thursday, April 22, 2021

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The economy of Central, East and Southeast Europe (CESEE) is expected to grow by 3.8% on aggregate in 2021, with most countries in the region regaining their pre-pandemic output levels by the end of this year, the Vienna Institute for International Economic Studies (WIIW) said.   The public health backdrop in CESEE should improve by late spring, as stringency measures and increased vaccine rollout allow ...

UiPath , the first Romania-born company listing on New York Stock Exchange

Thursday, April 22, 2021

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Automation technology startup UiPath set up by Romanian Daniel Dines said on Tuesday it sold shares in its initial public offering (IPO) above its target range to raise USD 1.34 billion. UiPath has officially listed on the New York Stock Exchange (NYSE) on Wednesday.   UiPath announced the pricing of its initial public offering of 23,890,777 shares of Class A common stock at a price to the public of ...

Survey: For 35% of employees in Romania, the working model of the future is the hybrid one

Thursday, April 22, 2021

The hybrid way of working has increasingly taken shape globally over the past year and there are already employers in Romania who have decided to permanently switch to this system, where employees work partially from the office and from home.   Almost 35% of employees who participated in a recent survey initiated by Genesis Property believe that the working model of the future is hybrid. After the pandemic, another 45% ...

Rabla car scrappage program to begin on April 26

Thursday, April 22, 2021

The budget for the Environment Administration Fund (AFM), the institution that finances the Rabla Clasic and Rabla Plus car scrappage programs, will be presented during Wednesday's Government reunion, and the Rabla program will start on April 26, declared, on Wednesday, the Minister of Environment, Waters and Forests, Tanczos Barna, during a press conference."During today's Government session we will be presenting the budget for the Environment ...

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