Articolele autorului Oana Gavrila
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Romanian Finance Minister Expects Quick Recovery After Coronavirus Crisis
Romanian finance minister Florin Citu said Thursday he is optimistic and expects the country's economy to recover as quickly as it collapsed. citeşte tot
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Colliers: Online Shopping Could Become More Widespread in the Future
Romanians have gained more confidence in online shopping amid restrictions imposed to limit the spread of Covid-19 and this behavior could become habitual for a larger chunk of the population in the future, said Laurenţiu Duica, Partner & Head of Industrial Agency at Colliers International. citeşte tot
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Central Bank Recommends Banks Should Not Distribute Dividends in 2020
Romania's central bank recommends commercial banks operating in Romania not to distribute dividends this year from their 2019 earnings, central bank board member Cristian Popa said Wednesday. citeşte tot
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Romania Amends Loan Repayment Decree to Eliminate Additional Interest
Romania's government Monday evening amended a decree allowing borrowers to postpone their bank loan repayments for up to nine months, until the end of 2020, eliminating additional interest throughout the suspension of payments. citeşte tot
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ING Sees Romania GDP Contracting 6.6% in 2020
The reality of the Covid-19 crisis will bite severely into the real economy and Romania's GDP is seen contracting by 6.6% in 2020, with a second quarter to forget, followed by a less pronounced “V-shaped” recovery than previously expected, ING said in a report Friday. citeşte tot
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Erste Group Sees Romania GDP Growth Contracting 4.7% in 2020
Austria's Erste Group, which owns lender BCR in Romania, said in a research report it sees the country's GDP contracting by 4.7% in 2020 and the budget deficit is likely to widen to 7.3% of GDP. citeşte tot
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Central Bank Postpones Collecting Bank Resolution Fund Contributions for Three Months
Romania's central bank board held an emergency meeting Friday and analyzed a series of relevant measures from the perspective of bank resolution, amid the economic effects of Covid-19 pandemic and other decisions on the functioning of the banking system functioning. citeşte tot
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Romanian Govt Adopts Decree Allowing Loan Repayment Delays Until Year-End
Romania's government on Thursday adopted an emergency decree allowing individuals and companies to postpone their loan repayments for up to nine months but no later than the end of the year. citeşte tot
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Romanian Health Minister Resigns Amid Coronavirus Crisis
Romania's health minister Victor Costache stepped down from office Thursday morning as the country's healthcare system is facing mounting pressure and shortages in dealing with the coronavirus epidemic. citeşte tot
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Romania Suspends Flights To and From France, Germany for Two Weeks
Romania will be suspending all commercial flights to and from France and Germany for a 14-day period starting Wednesday night, interior minister Marcel Vela announced late Tuesday. citeşte tot
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Colliers: Bucharest's Service-Based Economy Relatively Shielded from Pandemic
Bucharest is among the service hubs in Europe most shielded from the negative effects of the coronavirus pandemic and its office market is expected to be less affected or recover more quickly after the crisis, according to Colliers International. citeşte tot
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DB Global Technology Moves Activity Online, Seeks to Hire 100 IT Specialists
DB Global Technology, Deutsche Bank's tech center in Bucharest, is temporarily moving all its operations online due to the coronavirus pandemic and is currently seeking to hire 100 more IT specialists. citeşte tot
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Wizz Air Suspends Operations in Timisoara, Craiova, Sibiu Until May 1
Airliner Wizz Air said Tuesday it will be suspending all operations at its bases in Timisoara, Craiova and Sibiu from March 25 to May 1 following restrictions banning foreigners from entering Romania in a bid to limit the coronavirus epidemic. citeşte tot
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Sphera Group Says Has Enough Liquidity to Recover after Crisis
Sphera Franchise Group’s consolidated restaurant sales have dropped by approximately 33% on year during the March 1-22 period and by approximately 75% on year during the March 16-22 period, as a result of the gradual closing of its restaurants. citeşte tot
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Leroy Merlin Temporarily Closes All Romanian Stores Starting Monday
French-held DIY retailer Leroy Merlin is temporarily closing all its stores in Romania starting Monday amid measures to curb the spread of coronavirus infections. citeşte tot
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Ford Romania Employees Go on Furlough Amid Coronavirus Outbreak
Employees of Ford's car assembly plant in Craiova, southern Romania, will be forced to go on furlough between March 19 and April 5 due to the coronavirus epidemic, union representatives said Tuesday. citeşte tot
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Banks Call for Amended Regulations to Postpone Loan Payments
Commercial banks have asked the Romanian central bank to amend the regulation framework to allow postponing loan payments in various situation arising from the coronavirus crisis, such as isolation, travel restrictions or suspension of activity. citeşte tot
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SMEs Call for Urgent Government Action to Navigate Covid-19 Crisis
Around 98.6% small and medium-sized businesses in Romania say their activity will be deeply affected in the upcoming period by restrictions imposed in a bid to limit the spread of Covid-19 and call for urgent measures to stay afloat. citeşte tot
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Romania's Current Account Posts Surplus of EUR149M in January
Romania's current account balance posted a surplus of EUR149 million in January, compared with a surplus of EUR322 million in January 2019, central bank data showed Monday. citeşte tot
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BRD Seeks to Pay Gross Dividends of RON1.64/Share
BRD SocGen (BRD.RO), the third largest lender in Romania by assets, has summoned shareholders for April 23 to approve the distribution of gross dividends of RON1.64 per share from the 2019 profit. citeşte tot
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Romania Net Average Salary Drops 4.5% on Month in January
The average net salary in Romania fell 4.5% in nominal terms in January compared with December 2019, to 3,189 lei (around EUR662), data from the country's statistics board showed Friday. citeşte tot
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Saudi Al-Arab Reaches 96.6% Ownership of Electroputere Craiova
Romanian power transformers producer Electroputere Craiova (EPT.RO) is free to delist from the Bucharest Stock Exchange after its majority shareholder ended an offering to buy a minority stake. citeşte tot
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Housing Prices Grow 1.6% in Romania in February
Asking prices for housing in Romania grew 1.6% in February compared with January, with the biggest growth recorded in Cluj-Napoca, according to a housing market report by Imobiliare.ro. citeşte tot
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EC Proposes Opening Excessive Deficit Procedure for Romania
The European Commission has proposed to the Council to open an excessive deficit procedure for Romania and adopted a recommendation to the Council setting out the adjustment requirements, the Commission said in a statement Wednesday. citeşte tot
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Three-Month Money Market Rate Drops to 2.89%, Lowest Level in a Year
Romania's three-month ROBOR index, the three-month interbank interest rate used as a reference to calculate interests for consumer loans in lei, dropped to 2.89% a year Wednesday, the lowest it's been since January 2019. citeşte tot
