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23:01, 05.03.2024

Iohannis says Romania continues to record solid economic growth, contrary to some recessionary European developments

Iohannis says Romania continues to record solid economic growth, contrary to some recessionary European developments

President Klaus Iohannis said on Tuesday that Romania continues to record a solid economic growth, "contrary to some recessionary European developments". His message was presented by advisor Cosmin Marinescu, during…




14:31, 15.02.2024

Germany now world’s third-largest economy, as Japan slips into recession

Germany now world’s third-largest economy, as Japan slips into recession

Germany is now the world’s third-largest economy, after Japan unexpectedly slipped into recession, according to Politico. Japan’s economy shrank by an unexpected 0.4 percent in the last quarter of 2023, according…




14:50, 30.01.2024

Euro zone economy narrowly skirts recession, stagnates in fourth quarter

The euro zone economy stabilized in the fourth quarter of 2023, flash figures published by the European Union’s statistics agency showed on Tuesday, according to CNBC. The bloc narrowly avoided the shallow recession…




10:05, 16.01.2024

PM Ciolacu says no recession this year: Romania is heading the right direction

Prime Minister Marcel Ciolacu said on Monday that Romania will not enter recession this year, adding that the country is heading in the right direction."Definitely not. I negotiate everything. I have already announced,…




13:46, 09.01.2024

Euro zone unemployment hits record low, defying recession gloom

Unemployment in the euro zone matched its lowest level on record in November, despite worries that the 20-nation bloc succumbed to a recession in the second half of last year, according to Bloomberg. The jobless…




14:16, 04.01.2024

Euro zone business activity shrank again in Dec, pointing to recession

The contraction in euro zone business activity continued at the end of 2023 due to a persistent downturn in the dominant services industry, a survey showed on Thursday, indicating the bloc’s economy was in recession,…




12:35, 30.11.2023

Europe’s longest recession grips Estonia as region suffers

Estonia’s economy struggled to break out of the European Union’s most sustained contraction as a drop in trade with the Nordic region and an energy shock spurred by Russia’s war in Ukraine take a toll, according…




12:15, 06.11.2023

Euro zone economy started Q4 on back foot, stoking recession fears

The downturn in euro zone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed on Monday, suggesting there is a growing chance of a recession in…




12:26, 24.10.2023

Euro zone PMI hits lowest in nearly 3 years, stirs recession worries

Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn across the region, a survey showed, suggesting the bloc may slip into recession, according to Reuters.…




11:05, 12.10.2023

Recession in some EU countries could affect Serbia

The announcement by ten EU states that they are officially in recession could certainly impact Serbia, as the country is closely tied to the EU, even though there is slightly less trade this year compared to the…




12:25, 27.09.2023

Euro zone lending slows again as bloc skirts recession

Lending across the euro zone slowed to a near stand-still in August, data from the European Central Bank showed on Wednesday, as economic growth continued to falter and the bloc was skirting a recession, according…




10:41, 14.09.2023

Europe’s central bank faces close call on interest rates as threat of recession grows

Caught between stubborn inflation and weakening growth, the European Central Bank faces a close call Thursday on whether to halt its record run of interest rate hikes amid alarming signs that the economy could…




11:45, 24.07.2023

Top euro-area economies flash recession warning signals

Germany and France kicked off the third quarter with contractions in their private-sector economies, with sustained weakness in manufacturing seeing increased spillover to services, according to Bloomberg. S&P…




13:25, 08.06.2023

Eurozone slips into recession after German revision

The eurozone economy was in technical recession in the first three months of 2023, data from European statistics agency Eurostat showed on Thursday, after downward revisions of growth in both the first quarter…




10:55, 25.05.2023

Germany’s GDP shrinks by 0.3% in Q1 to put Europe’s biggest economy into recession

The German economy contracted in the first quarter of 2023 compared with the previous three months, thereby entering a recession, data from the statistics office showed on Thursday, according to Reuters. Gross…




10:45, 25.05.2023

German economy entered recession in Q1

The German economy contracted in the first quarter of 2023 compared with the previous three months, thereby entering a recession, data from the statistics office showed on Thursday, according to Reuters. Gross…




12:55, 31.01.2023

Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears

The euro zone beat expectations on Tuesday by posting positive growth in the final quarter of 2022 and reducing fears of a potential regional recession, CNBC reports. Preliminary Eurostat data released Tuesday…




14:40, 15.11.2022

PM Ciuca: Romania is not facing any danger of economic recession

Prime Minister Nicolae Ciuca on Tuesday stated that Romania is not in danger of entering an economic recession, with the data so far showing very clearly that there is a premise that at the end of the year our…




11:25, 01.11.2022

ECB must keep raising rates even if recession risks rise, Lagarde says

The European Central Bank must keep raising interest rates to fight off inflation, even if the probability of a euro zone recession has increased, ECB President Christine Lagarde said in an interview published…




12:15, 28.10.2022

French growth slows as Europe frets over recession

Hopes that the euro zone can stave off a recession got a boost as Germany defied expectations by reporting another quarter of economic growth, though momentum slowed dramatically in France and Spain, according…




13:11, 06.09.2022

PSD's Ciolacu: Inflation and unemployment - key indicators of recession. Romania has no unemployment!

Chairman of the Social Democratic Party (PSD) and Chamber of Deputies Speaker Marcel Ciolacu declared on Tuesday in Buzau that with the investments that are currently underway, Romania has the chance of more easily…




16:46, 12.05.2022

Central Bank's Isarescu: We are not in recession and I do not think Romanian economy will go in recession

Romania's economy is not and will not go into recession, an economic growth of 2 percent being possible this year, the governor of the National Bank of Romania (BNR), Mugur Isarescu, declared on Thursday at the…




14:51, 27.01.2022

Citu: When a minister mentions IMF or recession it means that they have already been discussed

National chairman of the National Liberal Party (PNL) Florin Citu said on Thursday that when a minister mentions the International Monetary Fund (IMF) or recession, it means that they have already been discussed,…




13:26, 23.06.2021

Chamber of Deputies passes bill on empowering Gov't to issue ordinances during the parliamentary recess

The Chamber of Deputies adopted, on Wednesday, the bill on empowering the Government to issue ordinances during the parliamentary recess. There were 177 votes in favor, 20 against and 102 abstentions, agerpres…




14:06, 08.01.2021

Senate: Plenum, informed in extraordinary sitting on Government's emergency ordinances issued in parliamentary recess

The Senate was informed, on Friday, in an extraordinary sitting, about the emergency ordinances adopted by the Government on January 6, during the parliamentary recess - Emergency Ordinance 1/2001 regarding the…




16:54, 16.06.2020

Senate rejects bill enabling Gov't to issue ordinance during parliamentary recess

The Senate has rejected on Tuesday the bill enabling the Government to issue ordinances during the parliamentary recess, between July and August 2020. There were 75 senators who voted in favour of the rejection…




09:06, 18.05.2020

PSD's Ciolacu: We don't go on recess but have extraordinary parliament sessions both in July, August

The acting president of the Social Democratic Party (PSD) Marcel Ciolacu said on Sunday evening, on the private television station Romania TV, that he talked with the leader of Pro Romania, Victor Ponta, as well…




12:12, 02.04.2020

PMP's Tomac requests all special pensions be eliminated: Let's stop throwing money away

Chairman of the People's Movement Party (PMP) Eugen Tomac requests the elimination of all special pensions, "at least for now, when the recession is knocking on the door, threatening us with strangling economy."…




13:57, 23.03.2020

We are at the start of a global recession (President of the Black Sea Trade and Development Bank)

The COVID-19 pandemic will determine an economic contraction, probably the greatest after the Great Depression of 1929, and the recovery will be decided by the length of this period of blockage, says Dmitry Pankin,…




12:23, 18.12.2019

Chamber: Draft enabling gov't to issue ordinances in parliamentary recess, sent back to committees

The Chamber of Deputies plenary session sent back for 15 minutes to the judicial and budget committees the draft enabling the government to issue ordinances during the parliamentary recess.  The Chamber's judicial…