Romania’s exports of goods increased by only 0.5% y/y to €17.0bn in Q3, which was the weakest performance in the past seven years.
Klaus Iohannis seen heading for victory in the runoff in two weeks time, which will reinforce the new government headed by the centre-right PNL.
If half of the governance gap between Central Europe and the G7 countries was closed, income convergence would be brought forward by almost a generation, says EBRD chief economist Beata Javorcik in an interview with bne IntelliNews.
30 years after the fall of the Berlin Wall the new EU members haven’t yet caught up with Western Europe — but they are drawing level with the Southern European states that were battered by the international economic crisis.
Sunday’s vote will determine whether incumbent Klaus Iohannis faces recently dismissed prime minister Viorica Dancila or Dan Barna who represents the “new” centre-right against Iohannis’ old guard in the second round.
Report from the Open Society Foundations reveals a “robust spirit of dissent, and a readiness to challenge those in power” as shown by mass anti-corruption protests in the Czech Republic, Romania and Slovakia.
Since the first years of the transition period, Central Europe started to emerge as a major manufacturing destination for Europe’s automotive industry. Now the industry is adapting to a new generation of technologies.
The pace of growth in the EBRD’s emerging economies is slowing on the back of a weaker global economic outlook, and pressure from slower growth in the Eurozone and China, US/Chinese trade tensions and a contraction in world automobile production, acc
Orders for the International Investment Bank's latest issue amounted to more than RON500mn and the final book showed a very diversified investor base represented by 18 institutional investors.
PNL leader to head a heterogeneous coalition of MPs, and will face problems gathering the necessary support for each and every step he wants to take, particularly if it involves a vote in parliament.
Western Europe is rapidly sliding into recession, but after a five-year-long boom, Central Europe is holding out.
A former dedicated communist who is now a member of the #Rezist! anti-corruption protest movement speaks about freedom in an advert for online retailer eMag that has raised uncomfortable questions about Romanian society.
Labour representatives “repudiate approval” of automaker’s plan to build plant in Turkey while violence in Syria continues.
Auctions held up as Bucharest needs time to implement an agreement with the US that is likely to see companies using Chinese Huawei’s technology blocked from bidding.
Blue Air will return to its “low-cost roots” says CEO Oana Petrescu. The company broke even in FY2019 and plans to issue bonds to finance future growth ahead of a potential listing.
The European Commission’s Economic Sentiment Indicators (ESIs) turned south across Central Europe in October, suggesting the economies of the region will slow down from here as a miasma descends.
Brussels “wants to move on” says a European Commission spokesperson as Romania’s president and outgoing prime minister squabble over who gets to appoint the country’s representative in the new Commission.
Romanian-born UiPath, the world's biggest robotic processing automation (RPA) company, will lay off around 400 people as part of a global reorganisation.
Number of deals remained steady in Q3 though volume down after unusually high M&A activity in the same quarter last year. Deloitte points to strong pipeline of deals set to close in the coming months.