Daniel Badea

Seven out of 10 companies in Romania postpone the payment of their invoices, while the average duration to cash an invoice at the level of the economy reached almost 120 days, a poll-based select analysis says.

The National Bank of Romania (BNR) upwardly revised to 4.2 percent the inflation estimate for the end of the year, forecasting a 3.3 percent inflation for 2020, BNR governor Mugur Isarescu told a press conference in which he presented the quarterly report on inflation. In February 2019, BNR estimated a 3-percent inflation rate for the end of the year and 3.1 percent for 2020.

The business people and not the state are the main culprits for the lack of workforce in Romania, because we have become accustomed to waiting to be given, Dragos Anastasiu, president of the Romanian-German Commerce Chamber (AHK Romania) at the first edition of Working Romania told on Tuesday a speciality conference.

Used car transactions in Romania (re-registrations) had the best first quarter of the last 10 years, with an average of nearly 52,000 cars sold monthly, while the market for new cars increased by 25 percent in the first quarter as compared to the same period in 2018, reveals a specialized analysis drawn up by the representatives of an online car sales platform.

The contribution of entrepreneurship, SMEs, start-ups, and scale-ups to EU's competitiveness will be among the topics to be discussed at an informal meeting of the ministers responsible for Competitiveness (COMPET) - Internal Market and Industry section, Romania's Economy Minister Niculae Badalau said on Friday.

The single number 1911, through which Romanian citizens, legal entities and public institutions will be able to report the cyber security incidents they have found, was officially launched on Thursday, the cost of the project being one million euro, covered by European funds through the Connecting Europe Facility program.

All the parties involved must sit down at the same table to hammer out a new national strategy for developing the capital market, president of the Bucharest Stock Exchange (BVB) Lucian Anghel told a specialist event on Monday.

Romania's new automotive sales were up 6.3 pct in Q1 2019 compared to the same period last year, standing at 38,253 units, the Association of Automotive Manufacturers and Importers (APIA) said in release on Tuesday. The market analysis shows that domestic sales are further mainly supported by legal entities that account for 72 pct of the total car purchases in the first three months of 2019.

Fixed and mobile calls made from Romania to any country within the European Economic Area (the EU countries, plus Norway, Iceland and Liechtenstein) will not exceed 0.19 euro (excluding VAT) per minute, or 0.06 euro for a text message starting May 15, 2019, Romania's National Communications Regulation and Administration Authority (ANCOM) reported on Monday.

Romania is a safe country for investors, as the country is registering progresses regarding the stability of its institutional framework and budgetary strengthening, the Public Finance Minister Eugen Teodorovici asserted during his meetings on Saturday in Washington, with the officials of the rating agencies and with Poul Thomsen, Director of the European Department at the International Monetar