A law approved by both houses of the Romanian parliament in June bans the teaching of gender studies in schools and universities. Opponents warn Romania is following in the footsteps of Central Europe's "illiberal democracies".
Foreign investors have been pushing for the move that will give them easier access to the Romanian capital market.
The economic sentiment indicators started to pick up again in June across Central and Eastern Europe (CEE), but there are big differences between the countries as they start to recover from the coronacrisis at their own speeds
Romania's largest online retailer plans to open three more showrooms in Hungary and reach a turnover of €300mn in the country.
Several countries in emerging Europe have re-imposed lockdowns and border restrictions to prevent the spread of the novel coronavirus after reporting spikes in new infections.
KPMG report says fewer contraband cigarettes flowing into the EU, but growth in illegal factories within the bloc.
Enterprise robotic process automation software company is reportedly preparing a new round of financing that would increase its market value to over $10bn.
Instead of triggering an increase in remittance payments, which is typical during times of crisis, the uncertainty surrounding the COVID-19 pandemic has caused migrant payments to households in developing countries to slow dramatically.
Vienna Initiative report warns banks heading for a "cliff-edge effect of new distressed borrowers", followed by successive waves of new NPLs.
Bucharest asked Nuclearelectrica to terminate talks with CGN on expanding Cernavoda nuclear power plant, as discussions yielded no results in seven years.
Post-COVID-19, banks in Central and Southeast Europe expect demand for financing to contract sharply, credit standards to tighten and an increase in NPLs, a new EIB survey shows.
People from the new EU member states that joined from 2004 onwards are more likely to think it is acceptable to do a favour, give a gift or give money to get something from a public administration, shows a new survey from Eurobarometer.
The average net salary in Romania in April, the first full month of lockdown, decreased by 3.7% compared to March.
Law initiated by opposition MPs to prevent assets being sold off at low prices during pandemic-induced recession to complicated the long-awaited IPO of energy producer Hidroelectrica.
The number of new housing units completed in Q1 reached 12,714 units, 17.3% more than in the same period last year.
GDP growth slowed to 2.4% y/y in Q1, as domestic demand — the main growth driver — lost momentum.
We have updated bne IntelliNews Despair Index, which better reflects what damage something like the coronacrisis does to the bottom half of society in the countries of New Europe. While the index has ticked up, the damage is limited so far.
The coronavirus pandemic drove down the local banks' profits as several lenders set aside provisions to mitigate the higher risks generated by the COVID-19 crisis.