After the initial lockdown, sales of non-food goods defied the crisis and advanced steadily, posting a 10.8% y/y annual advance in Q1.
The Romania National Environmental Guard is investigating the killing of a large brown bear that activists allege was illegally shot by a Liechtenstein prince during a hunt in the Carpathian Mountains.
The main index of the Bucharest Stock Exchange, BET, gained 15.7% in the first four months of this year, with building materials producer Teraplast the top performer.
However, in most countries the numbers of those vaccinated or willing to be vaccinated are still less than 70%, with Southeast Europe closer to 40%.
Ford’s Craiova factory will thus become its third facility in Europe to build an all-electric vehicle.
Bucharest is struggling to marry the EU’s calls for green projects and digitalisation with Romania’s needs for motorways and gas distribution networks.
Producer of Allview branded electronic products carried out over-subscribed share issue.
UiPath market capitalisation exceeds $35bn making founder Daniel Dines the richest Romania with a shareholding worth over $7.4bn.
Draper Esprit led funding round that will cement Romanian-born FintechOS' position in Europe and fuel international expansion.
However, rating agency says the potential for the three Southeast European states to make “full and timely use” of the EU funding is “relatively low”.
Shares in the Romanian chemical group are up 92% since the beginning of this year.
The euphoria of the 1990s is back as small investors ignore the risks and dream of getting rich overnight.
Better performance in February and strong growth in civil engineering failed to counter sluggish January.
Romania’s biggest chemical group plans to join its main regional rival Polish group PCC on the Warsaw Stock Exchange.
Romania’s new government rolled back a costly 40% pensions hike that would have prompted rating agencies to downgrade the country to junk.
Trend towards bigger deals and more fund investment continues, as deal value rises by half to give best Q1 since 2013.
But pandemic has delayed restart of convergence with Western Europe until 2023.
The conflict between the two major partners in Romania’s ruling coalition reached a climax when Prime Minister Florin Citu dismissed the USR-PLUS health minister.
Regina Maria overtook rival MedLife to become the biggest player in the Romanian private medical services market. Private equity backer Mid Europa Partners plans to build it up further.
It’s ten years since Fondul Proprietatea listed on the Bucharest Stock Exchange. bne IntelliNews looks at what’s next, including the upcoming IPO of its largest portfolio company, Hidroelectrica.