Members of Concordia Patrons Confederacy express their hope that the political crisis crossed by Romania should end as soon as possible. “Citizens' expectations, also shared by businessmen, are that their representatives in Romania's Parliament and Government should place on a secondary level party problems and immediate political agendas when social and economic matters with major impact on people' s lives claim unity and collaboration. Only thus we can, together, citizens, authorities and businessmen, succeed in taking advantage of the economic growth we experience to build a sustainable and productive national and European future”, wrote the Concordia members in an open letter sent to the Presidential Administration and parliamentary parties. Stability and predictability are key elements of investment decisions, and an extended political crisis could affect even projects being implemented. Such a crisis comes to add to the uncertainty created by the pandemic. “Concordia members appeal to all political leaders to find the quickest way of reaching a common denominators which should ensure Romania's well being and that of its citizens, as well as their confidence that their primary, social and economic interests are above immediate political calculations,” the letter reads. Concordia represents 15 of the most important sectors of the national economy and is a social dialogue partner, representative at national level. With a total of over 350,000 employees in over 2,000 big and small firms, with foreign and local capital, Concordia is the only organization in Romania member of BusinessEurope, the International Organization of Employers and Business at OECD.
Bulgaria is in talks with the EU to transfer Covid patients to other member states due to a hospital-bed shortage, with hospitals and morgues in Romania also said to be at breaking point. There were currently more than 20 million people infected in eastern Europe, including Russia and Ukraine, according to a Reuters tally. "We […]
Stéphane Séjourné will helm the European Parliament's third-largest group, leaving MEPs wondering if he will be able to distance himself from the powerful French leader.
The National Museum of Art of Romania (MNAR) on Monday, October 25 will open for visit the Historical Spaces of the Royal Palace, between 10:00 and 18:00, on the 100th anniversary of the birth of King Mihai I.The public will be able to visit the Royal Dining Room, the Stairs of the Voivodes, the Throne […]
Three out of ten Romanians have credit cards, Finzoom concluded, based on a survey conducted online in Romania. In fact, due to the sample that apparently includes only part of those visiting Finzoom.ro website, the conclusion should be taken with a grain of salt since it is not relevant for the entire population of the country. […]
of the biggest banks - but when it comes to insurer country's supremacy in the region is not that robust. There's no Romanian insurer among the biggest seven regional players (not counting bankrupt City Insurance) that come from the tiny markets of Slovenia and Croatia. Automobile Dacia leads for the 7th consecutive year in […]
The rating agency Fitch reconfirmed Friday, October 22, 2021, the sovereign rating related to the government debt of Romania to the BBB- for the long-term debt in foreign currency and the negative outlook. "The agency's decision represents a signal for Romania to continue at a sustained pace the fiscal-budgetary policies, the reform and investment […]