Economy

Kolozsvár U study wins award for COVID-19 impact analysis

An innovative economic project by a team of six researchers at Babeş-Bolyai University of Cluj-Napoca (Kolozsvár) has won an international award, according to the website of the Hungarian Institute of the Economics and Business Administration Faculty.

The competition, supported by Georgetown University was entitled “Flattening the Curve: COVID-19 Data Challenge.” It was organized by the American QED Group and the Center for Global Data Visualization, and more than 90 competing projects from 40 countries took place. The awards were announced on May 12, and the work of the Babeş-Bolyai research team, entitled “COVID-19 – Romanian Economic Impact,“ received an Honorable Mention in the “Professionals” Category.

The project was carried out by economic researchers at the Hungarian Institute of the Faculty of Economics and Business Administration at Babeș-Bolyai University and entails a portal that publishes daily data on the economic impact of the coronavirus pandemic in Romania. The interactive infographics refreshed on a daily basis are meant to offer a comprehensive and relevant picture of the current state of the Romanian economy.

The main purpose of the portal is to offer support for economic and policy decision-makers in Romania by providing a precise and regularly updated analysis of the current situation caused by the novel coronavirus outbreak. It also offers background studies for the development of forecasting scenarios with the aim of better protecting society, employees, companies and supply chains.

In the analysis, the economists took into account the economic and social measures taken thus far in Romania to slow down and stop the spread of the pandemic. They review the most important events of the stock exchange and also measures taken by the biggest companies over the past couple of months. The team also projected the expected impact of the pandemic on Romania’s different counties and major industry sectors. The portal can be reached via: https://econ.ubbcluj.ro/coronavirus/

Title image: The economists aimed to offer support for decision-makers with their research (President Klaus Iohannis (l) and Prime Minister Ludovic Orban)

 

Author: Éva Zay