Romania
Romania’s retail sales up 4.1% y/y in Q1
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.
Liechtenstein prince suspected of poaching after shooting biggest bear in Romania
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.
Bucharest Stock Exchange up 15.7% ytd despite modest performance in April
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.
Willingness to be vaccinated rises sharply in Emerging Europe
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 to build all-electric light vehicles in Romania starting 2024
Ford’s Craiova factory will thus become its third facility in Europe to build an all-electric vehicle.
European Commission slashes projects in Romania’s Recovery and Resilience Plan
Bucharest is struggling to marry the EU’s calls for green projects and digitalisation with Romania’s needs for motorways and gas distribution networks.
Romanian smartphone producer priced at €32mn ahead of BVB listing
Producer of Allview branded electronic products carried out over-subscribed share issue.
Shares of Romanian RPA leader UiPath jump 23% after NYSE IPO
UiPath market capitalisation exceeds $35bn making founder Daniel Dines the richest Romania with a shareholding worth over $7.4bn.
Romanian global technology provider FintechOS raises $60mn in funding round
Draper Esprit led funding round that will cement Romanian-born FintechOS' position in Europe and fuel international expansion.
Moody’s says Bulgaria, Croatia and Romania have chance to be the main winners from EU’s post-crisis funding
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”.
Romania’s Chimcomplex shares soar by 29% on WSE listing news
Shares in the Romanian chemical group are up 92% since the beginning of this year.
Romanians gripped by cryptocurrency euphoria during the pandemic
The euphoria of the 1990s is back as small investors ignore the risks and dream of getting rich overnight.
Romania’s construction works down 0.6% in 2M21
Better performance in February and strong growth in civil engineering failed to counter sluggish January.
Romania’s Chimcomplex issues new shares as it prepares for Warsaw listing
Romania’s biggest chemical group plans to join its main regional rival Polish group PCC on the Warsaw Stock Exchange.
S&P raises Romania’s outlook to stable as fiscal risks recede
Romania’s new government rolled back a costly 40% pensions hike that would have prompted rating agencies to downgrade the country to junk.
M&A hits €8.5bn in CEE in Q1, says Mergermarket
Trend towards bigger deals and more fund investment continues, as deal value rises by half to give best Q1 since 2013.
wiiw raises 2021 CEE growth forecast to 3.8%
But pandemic has delayed restart of convergence with Western Europe until 2023.
Junior ruling partner in Romania withdraws support for prime minister
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.
The new no 1 in Romania’s private medical sector
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.
Next steps for Romania’s Fondul Proprietatea
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.
