Market Intelligence Reports

Quarterly Global Market Report Q4 2020

Issue link: https://read.uberflip.com/i/1324354

Contents of this Issue

Navigation

Page 65 of 94

66 November, 2020 Romania Global: 51 Availability: 55 Cost: 36 Regulation: 39 Productivity: 56 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 40) Region: 31 Availability: 34 Cost: 19 Regulation: 26 Productivity: 29 Remote Readiness 36 Remote Readiness 55 Over half of the $5.4 billion USD that Romania has spent in response to the Covid-19 pandemic has been spent in the healthcare sector. This includes increases in healthcare sector worker numbers and additional sick leave. The measures to protect livelihoods and jobs include: • Wage subsidies for the employees, self-employed and parents who stayed home because of closed schools • Job incentive scheme for employers hiring older and younger workers • Job incentive scheme for employers hiring workers returning due to lost jobs abroad • Reduction in corporate income tax payments https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Although there are some exceptions, only travellers from the EU/Schengen countries, UK and the EU safe list may enter the country. Quarantine requirements for 14 days if the country is deemed higher risk. Exceptions for trips <3 days with a negative test result. Schools are closed for face to face learning. Masks are required in public places both indoor and outdoor. 2.2% 4.7% 0% 20% Romania Regional Ave. % of GDP Romania Q4 2019* Q4 2020* % Change YOY Total Workforce 9.16M 8.99M -2% Unemployment Rate (%) 3.9% 5.2% +33% Unemployed Workers 357K 467K +31% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/

Articles in this issue

Links on this page

view archives of Market Intelligence Reports - Quarterly Global Market Report Q4 2020