Romanian Business Leaders encourages the Romanian government to adopt firm measures as the Romanian business environment and the society cannot afford to support the price of closing down schools and new restrictions which could affect the economy, says the organization in a press release.According to the quoted source, in the first part of 2021, the Romanian economy recovered the loss of 2020 and it is for everybody’s interest to keep this trend of coming back to normality.While the hospitals prepare for a new wave of serious cases, the urge of the business leaders is that the government press the acceleration pedal for vaccination, the only scientifically validated measure to protect the society.‘We welcome the measures for encouragement announced by the government, such as the vouchers and raffles. Similarly, the Romanian Business Leaders decided to give a helping hand by communicating pro-vaccination and at the end of July they organize a digital campaign for the encouragement of vaccination in the places with population mostly non-vaccinated. But communication is not enough, we have the conviction that the government must follow the model of western countries and adopt firm measures for the increase of the degree of vaccination and the stop the increase of incidence, which could lead to the closing down of the economy and schools’ Dragos Petrescu, the chairman of RBL says.Romanian Business Leaders (RBL) is an apolitical organisation, non-governmental and non-profit which offers a platform for action and social involvement for 1,000+ entrepreneurs and top executives in the private business environment.RBL is a founding member of the Coalition for the Development of Romania (CDR), a private initiative which offers a coherent basis for consultation with the government and other public institutions on issues with impact on the economic and business climate in Romania.
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by
Romania’s flag carrier, Tarom, has requested the government to disburse a new tranche of restructuring state aid approved in 2024 to address the current liquidity deficit, Profit.ro reported. The company argued that, because of late payment penalties...
Retail sales volume contracted by 2.3% q/q in Q3, resulting in a 0.3% y/y decline in Romania (the second negative reading since the Covid-19 pandemic), visibly dragged down by the real wages that contracted by 3.7% y/y in July-August (latest data available) after +2.2% y/y in Q2, +4.6% y/y in Q1 and around 9%-10% y/y […]
