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.
The countdown is on until the start of the largest local fest, Transilvania International Film Festival on 13 June. Or, as everyone calls it: TIFF. To pass the time and (or) have an alternative, do not miss some of the most entertaining stories of all time courtesy of suspense master Alfred Hitchcock. And check out […]
Roughly 45.7% of Romanians believe the country’s May presidential elections were rather unfairly organized, while 50.4% believe they were fair, according to a survey by INSCOP Research. Romania's previous presidential elections, which saw centrist Bucharest mayor Nicusor Dan emerge victorious, saw extreme polarization. Immediately after...
CARFIL Brasov, central Romania, is set to begin production of three types of Romanian military UAVs this year, news agency Agerpres reported. The drones, named Cuda, Sirin, and a marine drone, were unveiled at the Southeast Europe Special Operations Forces Forum 2025 (SEESOF) in Targu Mures, the first international expo-forum dedicated to the special operations forces. ...
The National Meteorological Administration of Romania, or ANM, aims to become a European regional hub for professional training in the field of climate change, according to director general Elena Mateescu. The official noted during “The Future of Agriculture” forum held on Thursday, June 5, that the ANM has already completed the European Agrometeorology Center, which […]
Romania’s Interior Ministry (MAI) and Defense Ministry (MApN) have warned of ongoing disinformation campaigns on social media aimed at manipulating public opinion. The latest wave of false claims includes reports about the imposition of martial law and border closures, seeking to heighten public anxiety over the risk of war. Romanians, whether abroad or within the […]
The International Monetary Fund (IMF) issued new recommendations to Romania, among which is an increase in VAT, but also excise duties, dividend taxes, and the introduction of two income tax rates of 15% and 25%. At the same time, it recommends the reduction or elimination of the health insurance contribution, as well as a change in […]
