Romania will preside over the EU Council as the bloc prepares for Brexit — arguably its biggest ever challenge — but political infighting in Bucharest and clashes with Brussels over judicial reform raise the question: is Romania up to the job?
The BNR played down the macroeconomic impact of the decisions, but coming at a time of economic slowdown they are expected to further depress consumer and business confidence.
Both Southeast European countries were ranked below most of their EU peers in the World Economic Forum’s Global Competitiveness Report 2018, but performed well in the ICT category.
Deepest decline was in the residential segment.
Two Southeast European states have the highest risk of poverty and social inclusion among EU members, while the lowest risks are in the Czech Republic.
Romania’s low scores, in particular for water, sanitation and public health, reveal deficiencies in the distribution of economic growth and public spending, report's author says.
Rising private consumption has driven up the consumption of services, but growth was robust in industry as well.
The surge is explained by the current bankruptcy law, under which the National Financial Agency is obliged to start bankruptcy proceedings for any company whose accounts have been blocked for more than 120 days, Coffee study finds.
The referendum concerns a redefinition of "family" that if passed would make it even more difficult to legalise gay marriage, which is already banned by Romanian legislation.
Romanian budget carrier Blue Air's name is on the deal but investigations by Moldovan media point to the Russian owners of Chisinau Airport operator Avia Invest — recently managed by businessman Ilan Shor — as the real new owners of Air Moldova.
Acquisition follows Blue Air's fast expansion on the Romanian market, where it is now the second largest player in terms of passenger traffic.
Jeremy Hunt scores own goal as he angers politicians in countries that had been advocating a lenient approach to Brexit.
EC First Vice-President Frans Timmermans warns Bucharest over changes to justice laws and criminal codes that threaten the rule of law.
In the last two and a half years almost €4.7bn has been added to Romania's total foreign debt, an increase closely connected to the populist promises made during the last general election.
Company ownership by young adults has soared as young Romanian adults shy away from the 9 to 5 in favour of founding new businesses, many of them in creative sectors.
The tiny Adriatic nation's R&D spending is the highest in the region relative to the size of its economy, European Commission data shows.
Romania was the only EU member state to see VAT collection contract, despite a cut in its effective VAT rate.
Tradeville analysts anticipate average dividend yield of 8.83% on blue chip index BET if the state continues to demand companies in its portfolio pay 90% of their profits as dividends.
Liviu Dragnea defeated a dissident faction who sought his resignation, securing his position at the helm of Romania's ruling PSD — for now.