Romania
Romania’s venture capital investments quadruple to €116mn in 2021
FintechOS’ €51mn Series B round accounted for a substantial share of the investments in 2021.
wiiw slashes Emerging Europe growth forecasts for 2022 and 2023
Turkish growth is expected to slow to 3.5% this year, from a forecast 9.5% in 2021, while for Russia, GDP growth is forecast to slow to 2% from 4.5%.
Analysts slightly more optimistic about Romanian economy
The latest poll of CFA Society Romania members in December revealed a slightly more optimistic sentiment than in the previous month.
Emerging Europe M&A soars by 55% to €94bn in 2021
Dealmaking returns to pre-pandemic levels as confidence recovers and low interest rates and big cash piles push up valuations.
Primark to launch in Romania as it pursues CEE expansion
As pandemic's impact on retail sector recedes, Primark continues CEE expansion with plans to open new stores in Poland and Slovakia as well as Romania.
Nato rejects Russian request to withdraw from Bulgaria and Romania
Both Nato and the governments in Bucharest and Sofia have firmly rejected Russia’s request that Nato forces withdraw from countries that joined after 1997.
OUTLOOK: 2022 Romania
Coalition of rivals installed in Bucharest faces challenges of rising inflation and decline in industrial production.
Chemical group Chimcomplex plans Romania's largest international corporate bond issue
€350mn bond issue and €225mn capital increase to finance relaunch of chemical production lines.
Romania’s consumer prices resume growth in December
Annual inflation reached 8.2% y/y in December and energy prices contributed more than half.
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bneGREEN: Institutional Investors Group on Climate Change urges EU to keep gas out of green taxonomy
A group of sustainable investors has urged the EU to exclude gas from the new the EU Taxonomy green investment classification system.
Net wage in Romania moves up in November to catch up with inflation
The average net wage in Romania rose by 2.8% m/m in November to €736.5 in one of the highest monthly increases over the past couple of years.
Lithuania pays Guantanamo ‘forever prisoner’ $113,000 over CIA torture
Abu Zubaydah is reportedly still in Guantanamo Bay, where he has been held without being charged for the past two decades.
PPF still has the deal-making mojo after death of founder Petr Kellner
New CEO Ladislav Bartonicek is reported to be selling Home Credit Russia as part of the investment group's shift to more mature markets.
Dovish Romanian central bank raises interest rate by modest 25bp to 2.0%
The 25bp rate hike was smaller than analysts anticipated, and left Romania with the lowest refinancing rate among its peers.
Retail sales stagnate in Romania as higher prices erode households’ incomes
Romania’s retail sales increased by 5.0% y/y in November, but detailed, seasonally-adjusted data and filtering out base effects reveals sales have stagnated since May 2021.
Romania’s central bank expected to hike refinancing rate on January 10
The rate hike in Poland earlier this week encouraged expectations for a similar move in Bucharest, where the BNR has been more cautious until now.
Publicis Groupe takes over Romanian software company Tremend
Founded by two Romanian entrepreneurs, Tremend is one of the fastest-growing and largest independent software engineering companies in Central and Eastern Europe.
bneGREEN: Brussels labels both gas and nuclear as green
Commission says there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future.
Industrial price inflation hits 32% y/y in Romania after energy prices double
Energy prices nearly doubled and this inflationary shock is spreading across the economy, eventually having an impact on consumer prices.
New COVID-19 wave looms in under-vaccinated Southeast Europe
Soon after Southeast Europe emerged from the autumn wave of the pandemic, cases are already rising again as the Omicron variant spreads in the region.
