The National Committee for Emergency Situations (CNSU) updated the list of countries/territories with high epidemiological risk, in the case of which quarantine is imposed on persons arriving to Romania, with the Republic of Moldova, Armenia, Bulgaria, Belarus and Greenland entering the red zone.According to the CNSU decision, the red zone now includes, following an increase in the SARS-CoV-2 infection rate, Romania, the Republic of Moldova, Armenia, Bulgaria, Belarus and Greenland.Having entered the yellow zone, from the red zone, due to a decline in the incidence rate are: Austria, Switzerland, Gibraltar, Iran, Maldives and Bahamas, and from the green zone, due to an increase in the incidence rate: Ukraine, the Faroe Islands and Leshoto.The Netherlands, Germany, France, San Marino, Liechtenstein, Vietnam, Puerto Rico, Sri Lanka, Honduras, Kosovo and Cape Verde entered the green zone.The list comes into force on October 3, at midnight.At the same time, CNSU decided to exempt from the quarantine measure the freight truck and passenger transport drivers, if they present a RT-PCR negative test for the SARS-CoV-2 infection, conducted 72 hours prior to entering the country at the most, in the context of professional travel.
The Romanian state has to recover RON 190mn (EUR 38mn) from insolvent Blue Air, including the interest paid on principal debt, calculated as of now according to the Ministry of Finance quoted by Economica. However, it is not clear exactly how since it is the airline’s owner as well. The European Commission (EC) said on […]
BRD-SocGen, Romania's fourth-largest bank by assets, reported its net profit dropped by 4.6% y/y, to RON 326mn (EUR 65mn) in Q1, because of the impact of the new tax on turnover for the first quarter and the estimated cumulative contributions to the Deposit Guarantee and Resolution Funds for the whole year. The gross profit rose […]
The volume of new local currency loans extended by Romanian banks (including refinancing loans) increased by 48.0% y/y to RON29.6bn (some EUR 6bn) in Q1, according to data published by the National Bank of Romania. Most of it was retail lending. The new loans extended to households (retail lending) surged by 83.5% y/y to RON20.8bn, and […]
The European Bank for Reconstruction and Development (EBRD) announced that, besides debt recovery specialist APS, it is taking over a portfolio of "around 2,000 sub-performing and non-performing loans" with a nominal value of some EUR 400mn in Romania, sold by Piraeus Bank. The EBRD's participation in the deal is 30%. The EBRD says that the […]
The Economic Sentiment Indicator (ESI) calculated by Eurostat for Romania (105.1) reached the highest value in 12 months in April. This means that the managers and consumers expressed, to a larger extent, more positive views or expectations compared to the long-term average. "Based...
Romania’s gross general government debt reached RON841.3bn (EUR169.3bn) at the end of February after increasing by RON57.8bn (EUR11.6bn) in the first two months of the year, according to data published by the Ministry of Finance. The debt-to-GDP ratio, calculated under EU methodology*, reached 52.4% at the end of February, from 48.8% at the...
