Do I have to quarantine? The contribution of net exports is expected to remain negative over the forecast horizon, leading to a worsening of the already high current account deficit. Romania’s economy continues to lose speed. How to win over, date and keep a Romanian woman. GDP also fell sharply in Italy, Canada and Germany in the second quarter (by (minus) 12.4%, (minus) 12.0% and (minus) 9.7% respectively (compared with (minus) 5.4%, (minus) 2.1% and (minus) 2.0% in the previous quarter)‎. 4,0. Try the Work from Hotel alternative in Bucharest, (P) How executives organize remote work & in person meetings from their hotel rooms in Bucharest, (P) Virtual Economist event: “EUROPE’S LANDSCAPE IN THE SHADOW OF THE PANDEMIC ● Romania: Transformation - Recovery - Resilience” - October 22nd 2020, (P) Why Microstrategy and Square, two american companies, invested $475 millions into Bitcoin? The report also speaks about the reversal in early 2020 of measures introduced in December 2018 concerning the taxation of the banking and energy sectors is expected to favor private investment, but, just this week, the Senate rejected the Government’s ordinance that did that. In the euro area and the European Union, GDP dropped by (minus) 12.1% and (minus) 11.7% respectively, compared with declines of (minus) 3.6% and (minus) 3.2% in the previous quarter. Among the Major Seven economies, the United States recorded an annual growth of minus 9.5%, while the United Kingdom recorded the sharpest annual fall (minus 21.7%). Among the Major Seven economies, the United States recorded an annual growth of minus 9.5%, while the United Kingdom recorded the sharpest annual fall … In France, where lockdown measures were among the most stringent, GDP declined by (minus) 13.8%, after a drop of (minus) 5.9% in the previous quarter. He claimed that the financing cost was "cheaper than during the global economic growth period.". Questions from our readers: I am a US citizen, can I enter Romania? In Japan, where containment measures were less stringent, GDP contracted by (minus) 7.8% in the second quarter of 2020, compared with (minus) 0.6% in the previous quarter. 2020. All rights reserved. Moving the company treasury money into Bitcoin is the new trend, (P) Steps to successfully implement and integrate technology in the classroom. Op-Ed: Why is quality media in danger of disappearing & how does a niche online publication support itself, Romanian low-cost airline Blue Air moves Bucharest-London flights from Luton to Heathrow, Another former head of Romania’s Chamber of Deputies sent to jail for corruption, Halloween special: Horror movies shot in Romania, Romanian real estate investor develops new standard that certifies office building resilience to pandemic, A constant connection: British historian Tessa Dunlop on Queen Marie, the importance of the diaspora, and her favorite spot in Romania, Biggest M&A deal in Romania this year: Australian investment group will take over CEZ's assets, Press Release: Historical change in the financial market - ATMs with cryptocurrencies in all cities of Romania. -6,0. Download the entire news release (PDF 120KB). The European Commission (EC) has increased its growth estimates for Romania’s economy to 3.8% in 2020 and 3.5% in 2021, according to the Winter 2020 Economic Forecast. 28263. Bitcoin ATM franchisors can make a profit after 1-3 months, Press Release: Mazars rebrand marks key milestone, Press Release: Casazela Romania has recently enhanced their portfolio with a new mandate for property management services for an Office Building located in Piata Victoriei, Press Release: Moving from Romania to the Netherlands, (P) Comment: The top 3 key skills to be developed by the current leaders, (P) Is work from home difficult? Private consumption remained the main growth driver, the result of a tight labor market and high wage increases, particularly in the public sector,” reads the EC assessment on Romania’s economy. © 2018 City Compass Media and/or its affiliated companies. Letter from the Editor: Should news be free? The economic growth in the EU is expected to remain rather constant, at 1.4% in 2020 and 2021, and the economies in the Euro area are expected to grow by 1.2% in 2020 and 2021. A continuation of expansionary fiscal policies aggravating existing macroeconomic imbalances could affect investors’ confidence and lead to higher funding costs. Two Americans get stuck in Romania during the COVID-19 lockdown: We believe Romania is a hidden gem! The EC's Winter 2020 Economic Forecast is available here. 2019. While investment may have had a significant contribution to growth in 2019 supported mainly by construction, the net exports' contribution to GDP growth turned more negative in 2019 with both imports and exports declining.

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