Romania

Central, Southeast Europe stock markets jump in anticipation of COVID-free future

bne IntelliNews December 2, 2020

The main stock markets of Central and Southeast Europe jumped in mid-November on a series of positive news reports of vaccine trial successes that gave hope that an end to the disruption caused by the coronavirus (COVID-19) could arrive within months

Aegon to sell its CEE business to Vienna Insurance for €830mn

Wojciech Kosc in Warsaw November 30, 2020

The transaction follows a difficult first half of the year for Aegon in Hungary, Poland, Romania and Turkey, where insurance markets suffered the impact of the coronavirus pandemic.

Economic sentiment in CEE falls in November as recovery momentum splutters

bne IntelliNews November 30, 2020

Capital Economic’s economic sentiment indicator took a step down in November after a broad-based recovery since April across Central and Eastern Europe (CEE).

Constitutional Court defers decision on Romania's budget-busting 40% pension hike

Iulian Ernst in Bucharest November 26, 2020

Scaling back the pension hike is a prerequisite for avoiding a sovereign downgrade.

COMMENT: Romania’s foreign debt, reserves and gold during the pandemic

Alexandru M. Tanase in London November 24, 2020

Romania's external debt increased quite fast during the last year, rising from 48% to more than 56% of GDP, accelerated by the decline of GDP during the pandemic.

Romania gets approval from EC for $8bn nuclear plant expansion

Iulian Ernst in Bucharest November 23, 2020

Project to include construction of Units 3 and 4 at the Cernavoda power plant and refurbishment of Unit 1.

Romania’s industry close to positive growth in September

bne IntelliNews November 13, 2020

Romania's industrial production returned in September to the same level seen in the same month last year, while the manufacturing sector's output increased by 0.4% y/y.

Falling inflation supports finance minister's calls for more rate cuts in Romania

Iulian Ernst in Bucharest November 12, 2020

Romania's headline inflation rate eased to just over 2.2% in October from 2.5% in September and 2.7% in August, falling below the 2.5% centre of the central bank's target band.

Hungarian court rules against Digi in 5G tender exclusion case

bne IntelliNews November 12, 2020

Budapest Metropolitan Court ruled in favour of the authority when it rejected the application of Romanian-based telecommunication company Digi to register for participation in a 5G spectrum auction in 2019.

The state is back in business

Clare Nuttall in Glasgow November 11, 2020

This year’s public health crisis has accelerated calls for an increased role of the state in the economy, shows a new report from the EBRD.

Orange to pay €268mn for majority stake in DT’s fixed operations in Romania

bne IntelliNews November 10, 2020

French group Orange, already a major player on Romania's telecom market, will take over Deutsche Telekom’s fixed operations in the country for €268mn.

Romania’s exports keep recovering, but trade gap surges in September

bne IntelliNews November 10, 2020

Romania's trade deficit increased by 30% y/y to €1.54bn in September, despite the robust performance of exports that marked a thin annual decrease of only 0.5%.

CEE politicians highlight trade and security ties as they congratulate Biden

bne IntelliNews November 7, 2020

Politicians rush to congratulate new US president-elect as result is announced — but not Slovenian PM and staunch Trump supporter Janez Jansa, who takes to Twitter to mock state of rule of law in US.

CEE Banking Sectors: In crisis and recovery mode at the same time

Gunter Deuber of Raiffeisen Research in Vienna November 6, 2020

There is positive news for all Central and Eastern Europe (CEE) commercial bankers, market observers and investment bankers. The fresh 2020 CEE Banking Report by Raiffeisen Research paints an encouraging picture of banking in CEE.

Romania’s retail sales up 3.8% y/y in Q3

bne IntelliNews November 6, 2020

Higher real wages, still moderate unemployment and affordable interest rates pushed up retail sales by 3.8% y/y in the third quarter after a 7.3% y/y contraction in Q2.

Romanian tech startup promises to 'change the face of events'

bne IntelliNews November 4, 2020

[FLOW] OS' platform allows offline events to move online without compromising the experience for attendees.

Below average 2020 wine production destined for volatile and uncertain global market

Clare Nuttall in Glasgow November 2, 2020

First estimates from OIV show drought hitting the grape crops in countries such as Romania and Moldova, while others like Hungary and Russia managed to boost production.

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