Covid-19 was a huge economic shock, but it was countered with an impressive response of support measures, and the Romanian economy has shown resilience and the recovery is ongoing, show the results of the Investment Survey of the European Investment Bank (EIB) 2021.The results of the EIB Investment Survey 2021 (EIBIS) were presented on Wednesday in the online conference "Support measures and the new normal: how well positioned are Romanian firms?", organized by the National Bank of Romania (BNR) and the European Investment Bank (EIB).According to a statement from the banks, government support measures have been crucial to supporting investment activity. EIB results show that 65 pct of Romanian firms received financial support to counter the effects of the pandemic (EU average: 56 pct).Support under the EU's Recovery and Resilience Facility is a unique opportunity to stimulate investment. The Romanian economy has shown resistance, and the recovery is now in full swing, the firm political response being essential to support the investment activity.Debora Revoltella, Director of the EIB's Economy Department, presented the new results of the Investment Survey, which, together with the EIB Investment Report, provides an overview of the cyclical and structural dynamics of investments and their financing in Europe.For his part, the Governor of the National Bank of Romania, Mugur Isarescu, noted that the EIB's investment survey shows that Romanian companies have become more optimistic in 2021, many of them will increase investments rather than reduce them.Regarding the short-term changes generated by the pandemic, digitization has prevailed, with almost half of the companies (45 pct) making investments in this regard. In addition, COVID-19 will have an undeniable long-term impact on the needs and investment priorities, 49 pct of the companies wanting to continue this process. Uncertainty about the future remains the most invoked long-term obstacle to investment (80 pct), followed by the limited availability of qualified personnel (73 pct).According to the source, the lack of access to finance is also worrying.The survey conducted in Romania presents information obtained from interviews with representatives of a number of 480 Romanian companies, carried out between March and July 2021.
“Catane,” a dark comedy inspired by real events and directed by Ioana Mischie, is set to have its first special screenings in Romania after a successful festival circuit. The film had its world premiere at the IFFI Goa festival in India and was nominated this year at the Hollywood Music in Media Awards for Best […]
Romania is among the European countries where water reserves are decreasing at an alarming rate, according to an analysis carried out by researchers from University College London in collaboration with The Guardian and Watershed Investigations. Scientists analyzed data from the period 2002–2024 provided by satellites that monitor changes in the Earth's...
George Smyth, 18, went missing on a hike near Romania’s famous Bran Castle more than a week ago. On November 23, the British citizen started to suffer from hypothermia and exhaustion and called the emergency services. Trying to locate him, mountain rescue services conducted searches over the next few days but were only able to […]
Over 107,000 people in Prahova and Dâmbovița counties, in southern Romania, have been without drinking water since Friday, November 28, due to problems at the Paltinu Dam. According to local authorities, the problems are set to persist until next week. The dam registered a drop in water levels, leading to problems in the water distribution system. […]
A special ‘Silent Day’ event will be held at the Bucharest Christmas Market in Constituției Square on Wednesday, December 3, aimed at creating a quieter and more accessible environment for children with sensory disabilities. The initiative is designed to make the festive market manageable for children who may struggle with loud noise, bright lights, and […]
Romanians have the highest level of trust in others in the European Union, according to the most recent Eurostat data for the year 2024, ahead of the usual leader of the ranking, Finland. The indicator ‘trust in others’ measures a person’s trust in people they do not know on a scale from 0 (‘I...
