Articolele autorului Oana Gavrila
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Parliament Ratifies $8B Nuclear Power Romania-US Agreement
Romania's parliament has ratified an $8 billion agreement between the governments of Romania and the United States for the refurbishment of one nuclear reactor and the building of two new reactors at the Cernavoda nuclear facility in southeast Romania. citeşte tot
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Dacia Halts Production for 7 Days in April on Chip Shortage
Romanian carmaker Dacia, owned by France's Renault Group, said Wednesday it would stop production for seven days in April due to the ongoing global chip shortage. citeşte tot
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Bucharest Stock Market's Main Index Hits All-Time High at 10,844 Points
The Bucharest capital market, promoted to emerging market status in September last year by FTSE Russell, hit an all-time high on Tuesday as its main index, BET, broke the previous record of 10,813 points, untouched since July 24, 2007, and closed at 10,844 points. citeşte tot
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Romania's GDP Contraction Confirmed at 3.9% in 2020
Romania's gross domestic product contracted by 3.9% in real terms in 2020 compared with 2019, breakdown data from the country's statistics board confirmed Tuesday. citeşte tot
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Romania Takes Last Steps to Borrow EUR4B from EU for Covid Crisis Protection
Romania's president Klaus Iohannis on Monday signed off on a loan agreement allowing Romania to borrow EUR4 billion from the European Union to protect citizens affected by the Covid-19 crisis. citeşte tot
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Romania Freezes Public Sector Wages to Cut Budget Deficit to 7% in 2021
Romania's 2021 state budget bill targets a budget gap of around RON80 billion, around 7% of the country's gross domestic product, down from a deficit of 9.8% in 2020, based on a GDP growth projection of 4.3%. citeşte tot
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Romanian Prime Minister Ludovic Orban Steps Down After Parliamentary Elections
Romanian prime minster Ludovic Orban said Monday he has decided to resign as head of government, ahead of negotiation for a new Cabinet after Sunday's parliamentary elections. citeşte tot
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Dacia Reveals Prices for New Logan, Sandero, Sandero Stepway Models
Prices for new Dacia models start from EUR8,400 including VAT for the new Logan, EUR8,600 for the new Sandero, and EUR12,050 for the new Sandero Stepway, the carmaker announced Wednesday. citeşte tot
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Romania Ranks 26 in the EU 28 by Performance in Digitization
Romania ranks 26th out of 28 EU member states in the European Commission's 2020 Digital Economy and Society Index (DESI) released Thursday. citeşte tot
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EC: Romania Fulfills None of the Criteria for Euro Adoption
Romania meets none of the convergence criteria – price stability, sound public finances, exchange rate stability and convergence in long-term interest rates – required for euro adoption, the European Commission showed Wednesday in its 2020 Convergence Report. citeşte tot
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Romania Unwilling to Access Conditional International Loans
Romania's finance ministry is looking at all financing options from international lenders – IMF, EBRD, World Bank – but will not access any loan with conditions attached, finance minister Florin Citu said Tuesday. citeşte tot
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Romanian Finance Minister Expects Economy Will Recover Quickly in 2H/2020
Romanian finance minister Florin Citu said Tuesday the government was operating within a scenario that sees the country's economy heading for a V-shaped recovery, returning to growth starting the second half of this year. citeşte tot
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Colliers: 70% of Employees Want to Keep Working from Home
Seven in ten employees in Romania want to continue working mostly from home even after Romania emerges from the state of emergency and relaxes restrictions, a survey by Colliers International showed Monday. citeşte tot
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Annual Inflation in Romania Stays at 3% in March
Romania's annual inflation rate remained flat at 3% in March, the same as in February, data from the country's statistics board showed Friday. citeşte tot
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Dacia Gradually Resumes Production Starting Mid-April
Romanian carmaker Automobile Dacia, owned by France's Renault, said it would gradually resume production starting mid-April, the company said Thursday. citeşte tot
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Romania Average Net Salary Grows 0.4% on Month in February
The average net salary in Romania grew 0.4% in nominal terms in February compared with January, to 3,202 lei (around EUR662), data from the country's statistics board showed Thursday. citeşte tot
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Healthcare Workers Account for 25% of All Covid-19 Infections in Romania
The Romanian healthcare workers' federation said Wednesday 25% of people in Romania infected with Covid-19 are healthcare workers and the infection rate among healthcare staff is 20 higher than in other mediums. citeşte tot
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Tourism Federation Says Unemployment in Hotels and Restaurants Hits 60%
The unemployment rate in hotels and restaurants in Romania has already reached 60% and will soon climb to 90%, the Romanian federation of tourism employers said Tuesday, adding the situation of over 50,000 employees on the Romanian sea-coast is dire. citeşte tot
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Zentiva Completes Acquisition of Alvogen's CEE Operations Including Romanian Labormed
Zentiva Group, owned by Advent International, announced Tuesday it has completed the acquisition of Alvogen's Central and Eastern European (CEE) business. citeşte tot
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Romania GDP Growth Reconfirmed at 4.1% in 2019
Romania's gross domestic product grew 4.1% in 2019 compared with 2018, a second preliminary reading from the country's statistics board confirmed Tuesday. citeşte tot
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Blue Air Needs EUR60M Rescue Loan to Survive Covid-19 Crisis
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. citeşte tot
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Pandemic Hits Romanian Dacia's 1Q Sales in Europe
Dacia registrations have been severely affected by the coronavirus pandemic and the Romanian carmaker's sales were among the hardest hit in Europe. citeşte tot
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BestJobs: Romanians Mainly Sought Remote Jobs in March
Romanians looking for jobs have changed their search criteria in March and sought mainly remote jobs and positions that would allow them to work form home amid traffic restrictions and other limitations due to the coronavirus pandemic, job platform BestJobs said in a statement Monday. citeşte tot
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Ford Keeps European Production Facilities Closed at Least Until May 4
Ford confirmed Friday that the temporary suspension of vehicle and engine production at most of its European manufacturing sites is now expected to run at least until May 4. citeşte tot
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Coronavirus Crisis Depreciates Pension Fund Assets
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 coronavirus pandemic, the Romanian association for private pensions APAPR said in a statement Thursday. citeşte tot
