crisis

Ciolacu: Extending the state of emergency without economic measures would be a total unconsciousness

14:35, 13 Apr. 2020
PSD leader Marcel Ciolacu argues that prolonging the state of emergency without minimum guarantees that the correct and necessary measures will be taken to prevent an economic disaster would be a total unconsciousness.The social-democrat proposes to the Government a set of social and economic steps.

Tăriceanu urges the Goverment to act in order to restart the economy: We need to return to work

13:34, 09 Apr. 2020
ALDE president Călin Popescu Tăriceanu calls on the Government to take measures to restart the economy and accuses the government officials of refusing any discussion regarding the measures to be taken so that the Romanians return to work after Easter.

Blue Air Needs EUR60M Rescue Loan to Survive Covid-19 Crisis

09:27, 07 Apr. 2020
Romanian airline Blue Air, which was forced to put 90% of employees on furlough, needs a rescue loan of EUR60 million to survive the Covid-19 crisis, said company CEO Oana Petrescu.

Romania: 19 new cases of coronavirus. The official number reaches 158 people diagnosed

13:18, 16 Mart. 2020
There are 158 coronavirus cases in Romania, the representatives of the Strategic Communication Group (GCS) announced on Monday morning. Among these, 19 cases are new.

Romanians Remain Pessimistic About Economy – Poll

14:43, 12 Apr. 2011
Romanians remain most pessimistic about the state of the economy, with over 50% saying the crisis will not end for another two to five years, according to a survey from market researcher ISRA Center.

Romania Will Not Overcome Crisis In 2011 – E.ON

12:16, 26 Oct. 2010
Romania’s industry does not seem to be reviving and the country’s economy will not defeat the crisis in 2011, Tuesday said Frank Hajdinjak, the general manager of utility group E.ON Romania, the local subsidiary of Germany's E.ON AG.

Foreign Investors Affected By Romanian Partners’ Bankruptcy – Survey

15:02, 13 Sept. 2010
The main problem of German, Swiss and Austrian investors in Romania is the bankruptcy of their local partners, fueled by the economic crisis, according to a survey conducted by audit and consultancy firm LeitnerLeitner.

President Says Romania Could Overcome Crisis More Easily If It Used EUR30B EU Funds

20:49, 12 Iul. 2010
Romanian President Traian Basescu said Monday, in the presence of the President of the Palestinian National Authority, Mahmoud Abbas, that Romania could overcome the economic crisis “more easily” if it used the EUR30 billion non-reimbursable funds from the European Union.

Over 60% Of Romanian Townspeople See Country Stuck In Crisis For Another 1-5 Yrs – Poll

17:37, 13 Iun. 2010
Over 60% of Romanian townspeople think Romania will be stuck in crisis over a period of one up to five years, and most of them expect the economic crisis will last for another three to five years, according to a survey conducted by market research company 360insights.

More Than 75% Of Romanians Affected By Crisis – Study

14:00, 07 Iun. 2010
More than 75% of Romanians over 18 have been affected by the global economic crisis - most of them women, entrepreneurs and university-educated employees, as well as people temporarily unemployed, says a study by Mercury Research released Monday.

Economic Crisis Increased Child Poverty, School Abandon In Romania – NGO

13:45, 01 Iun. 2010
The economic crisis has increased the number of impoverished Romanian children to more than 350,000 and has tripled the rate of school abandon, as around 40,000 children, mostly from rural areas, drop out of school each year, says World Vision Romania.

Romania Not Faced With Greek Situation, Has Means To Avoid It – President

19:39, 13 Mai 2010
Romania is not in the same position as Greece, and the country has all the means necessary to avoid being faced with such a situation, nevertheless it should not be assumed that the current situation is “rosy”, President Traian Basescu told a press conference Thursday.

Romania Is Better Off Than Certain Eurozone Countries – President

16:51, 10 Mai 2010
Romania is not among the most financially afflicted countries in Europe, said President Traian Basescu Monday, after a meeting with the parliamentary groups which endorse the current Cabinet.

Romanian Institutions With Overdue Debts For More Than 90 Days To Enter Insolvency

12:54, 05 Mai 2010
Romanian administrative-territorial institutions that can no longer pay debts overdue by more than 90 days, which exceed 15% of the annual local budget, will undergo insolvency and will have to present plans for financial recovery and management reorganization.

Bucharest Hotels See 20-Year Low In January ’10 Load Factor

14:31, 04 Feb. 2010
January 2010 was the weakest month in the past 20 years for hotels in Bucharest, which were forced to close some 30% of their rooms, due to an average load factor below 30%, Hotel Industry Federation secretary general Mihai Rijnita told MEDIAFAX Thursday.

Romania Must Uphold Strategic Business Fields To Make It Out Of Econ Crisis – PM

14:56, 03 Feb. 2010
Romanian Prime Minister Emil Boc on Wednesday said Romania will rejoice many achievements as European Union member state and will be able to make it out of the crisis if it focuses on fields that can bring out its business potential.

Moldovan News Agency BASA-press Closed Over Financial Crisis

13:37, 29 Dec. 2009
The Republic of Moldova’s independent news agency BASA-press will shut down as of January 1, 2010 because of the financial crisis, agency managers told MEDIAFAX.

Over 75% Of Cos In Romania Lowered Training Budgets By 30-40% In 2009

12:43, 28 Dec. 2009
Over three quarters of companies operating in Romania lowered their training budgets by 30%-40% in 2009 because of the crisis and focused on in-house and online training, which led to a decrease of nearly 50% on the local training market, to EUR17.5 million, human resources experts said.

WB: Romania Worse Hit By Global Crunch Due To High Volume Of FX Loans, Inflation

14:10, 15 Dec. 2009
Romania and the Baltic countries have been hit worse by the economic downturn compared with states such as Poland and the Czech Republic due to the high volume of foreign currency loans and a slower disinflation process, according to Juan Zalduendo, lead economist at the World Bank.

Political Instability, Econ Crisis Slashed Turnovers, Profit Of Over 50% Of Romanian SMEs – Poll

14:19, 27 Nov. 2009
Political instability and the economic crisis reduced turnovers and profit for over 50% of Romanian small and medium enterprises (SMEs) in 2009 and the SMEs operating the trade and industry sectors were the most affected, according to a study by the Council for SMEs and Cult Market Research.

Romanian Cos Hit Harder By Crisis Than Public Sector – Fin Min

14:33, 12 Nov. 2009
Romanian private environment took a harder blow than the public sector in the financial crisis’ aftermath and the authorities will take measures to correct the asymmetry created, interim Finance Minister Gheorghe Pogea said Thursday.

Romania Is Past Economic Crisis Peak, Econ Growth expected In ’10 – President

18:39, 10 Nov. 2009
Romanian President Traian Basescu said Tuesday on public television Etno TV Romania is past the peak of the economic crisis, adding the population will have higher pensions and wages by 2014.

Romania Cannot Make It Out Of The Crisis By Itself – President

19:09, 25 Oct. 2009
Romanian President Traian Basescu on Sunday said Romania cannot make it out of the economic crisis by itself, because it is not an isolated country, stressing, however, that Romania cannot turn into a "tractor" for other European countries.

Romanian Cos Cut Benefits, Employees Accept Anything Just To Get Jobs – Survey

12:50, 19 Oct. 2009
Companies in Romania have cut down on the number of employees and reduced benefits because of the economic crisis, and employees have lowered their claims and accept roughly anything just to get a job, according to the results of a survey by Mednet Marketing Research Center released Monday.

Romanian Social Democrat Says Taxes Should Not Be Hiked

19:50, 12 Oct. 2009
Romanian social democrat leader and presidential hopeful Mircea Geoana told a group of foreign investors that the current flat tax has reached its limits but he would not increase taxes in this economic context scarred by the crisis.

Romanian Govt Works On Solid Policies To Cushion Effects Of Economic Crisis – President

19:34, 04 Oct. 2009
Romania’s Government did not plan to "pull the country out of the economic crisis," as we all face a global crisis, but to develop solid policies meant to cushion its effects, by keeping the euro-leu exchange rate under control and financing the budget deficit, President Traian Basescu said Sunday.

Romanian Parliament To Set Up Commission Analyzing Justice Crisis

11:26, 24 Sept. 2009
The two chambers of Romania’s Parliament unanimously adopted on Thursday a decision to set up a commission that will analyze the crisis in the justice sector and social democrat lawmaker Florin Iordache will preside over the commission.

Romania Faces Unprecedented Institutional, Social Crisis – Transparency International

13:40, 23 Sept. 2009
Romania faces an unprecedented institutional and social crisis, being affected by decisions that perturb the system and contribute to public sector’s vulnerability to corruption, Victor Alistar, head of Transparency International Romania, said Wednesday.

Romania To Overcome Fincl Crisis Late 2010 – Coface

15:50, 17 Sept. 2009
Romania will exit the crisis at the end of 2010, one year later than the USA and Europe's developed economies, as the effects of the crisis also occurred one year later, according to risk management company Coface Romania.

Romanian Environ Ministry Proposes Car Tax Exemption For The Disabled

16:20, 02 Sept. 2009
Romania’s Environment Ministry proposed further exemptions from car tax payment, as part of anti-crisis measures, which target mobile machinery whose engines comply with pollution norms, and vehicles owned by people with disabilities, even if they do not have driving licenses.

Romanian Mins Give Up One Fifth Of Pay Until Yearend

17:00, 29 Aug. 2009
Romanian ministers signed a self-statement giving up 20% of their monthly salaries, until the end of the year, resulting in an overall saving of RON95,000, according to government spokesperson Ioana Muntean.

Romania Needs To Uphold Investments To Overcome Crisis – Pres

18:46, 22 Aug. 2009
Romanian President Traian Basescu said Saturday that the country has the capacity to exit fast from the crisis and it needs to do so by stimulating investments in agriculture and infrastructure.

Romania’s Pres: Fincl Booms Will No Longer Return

10:13, 21 Aug. 2009
Romania’s President Traian Basescu said Thursday in the eastern town of Vaslui that the financial booms will not return after the economic crisis comes to an end.

Romania’s Ruling Coalition OKs 32 Anti-Crisis Measures To Be Enforced Sep 1

12:41, 17 Aug. 2009
Mircea Geoana, head of the Romanian Social Democratic Party, announced Monday after the ruling coalition’s meeting that PSD and PDL agreed on 32 anti-crisis measures that would be enforced on September 1.

Over 15,000 Romanian Cos Suspended Activity In Jul, Annual Toll Reaches 95,000

19:51, 12 Aug. 2009
Over 15,000 Romanian companies suspended their activity in July, bringing the number of companies that suspended their activity to 95,279 since the beginning of 2009, a number 11 times higher than the one registered in the similar interval of the previous year, according to the Trade Registry (ONRC)

Crisis Easier To Overcome If Romania Had Invested In Farming, Not Consumption – President

16:39, 07 Aug. 2009
Romanian President Traian Basescu on Friday said that Romania could have overcome the economic crisis easier if it had taken care of agriculture in the past 20 years instead of focusing on consumption.

Romanian Cos Need Optimism To Overcome Crisis – PM

15:54, 22 Iul. 2009
The Romanian Government will support companies that face difficulties, but a note of optimism is also needed to overcome the harmful effects of the economic crisis, Prime Minister Emil Boc said Wednesday.

Romania’s Ruling Coalition To Set Up Anti-Crisis Committee – Deputy PM

13:18, 20 Iul. 2009
Romania’s deputy prime minister Dan Nica on Monday said the country’s ruling coalition decided to set up a committee, run by social democrat minister for SMEs, Constantin Nita, and democrat liberal economy minister, Adriean Videanu, which will closely analyze social democrats’ anti-crisis measures.

Romanian Iproeb Puts 110 Employees On Technical Unemployment In July

13:32, 05 Iul. 2009
Romanian cable producer Iproeb Bistrita (IPRU.RO) put 110 of its 556 employees on technical unemployment in July, citing lack of orders.

Romania Unable To Overpass Crisis On Its Own – Pres

19:20, 30 Iun. 2009
President Traian Basescu on Tuesday said Romania would not be able to exit the crisis by itself, but only along with other states, as the crisis is mainly generated by the low export capacity on affected markets.