Romania

Romania’s public debt-to-GDP ratio up 12.4pp y/y to 47.7% at end-2020

bne IntelliNews February 25, 2021

Public indebtedness increased amid the government's efforts to support the private sector and address the health crisis.

Romania expects to get €720mn from sale of 5G licenses this year

bne IntelliNews February 25, 2021

Revenues for the state budget from the sale of the entire 5G frequency spectrum could "easily" exceed €720mn, regulator said.

Emerging Europe strong on women’s economic opportunities but dragged down by low pensions

Clare Nuttall in Glasgow February 24, 2021

Different retirement ages for men and women lead to lower pensions for women despite reforms in 2019-2020, says World Bank report.

Hidroelectrica becomes Romania's most profitable company ahead of potential IPO

Iulian Ernst in Bucharest February 24, 2021

Hidroelectrica replaced oil and gas group OMV Petrom as the country's most profitable company, reporting a 5% rise in net profit to almost €300mn in 2020.

Romania: Demography, labour force and pandemic

Alexandru M. Tanase February 23, 2021

There were many changes during 2020, but for Romanians it is quite clear that 2021 will not be a year of plenty.

Romanian IT company Bittnet enters FTSE Russell indices

bne IntelliNews February 23, 2021

Romania will now have four companies in the FTSE Russell indices following its upgrade to secondary emerging market status last year.

Online is in vogue in Romania

Clare Nuttall in Glasgow February 21, 2021

eSales by online fashion sites are gaining on those of major retailers in Europe’s fastest-growing e-commerce market.

Abuse and hate speech against LGBTI people rises across Europe and Central Asia

bne IntelliNews February 18, 2021

Crackdown on democracy and civil society during pandemic accompanied by increase in hate speech by politicians finds ILGA-Europe report.

Romanian property rental platform Milluu raises money to expand in Poland

bne IntelliNews February 18, 2021

Largest-ever crowdfunding through Seedblink platform allows Milluu to replicate its business model in Warsaw.

Resilient emerging Europe labour markets to bounce back post-crisis

Clare Nuttall in Glasgow February 17, 2021

Unemployment growth has been modest and a return to tight labour markets is expected as economies recover from the coronacrisis.

ING: Romania’s 2021 budget plans – as good as it gets

Valentin Tataru Chief Economist of ING in Romania, Trieu Pham Emerging Markets Sovereign Debt Strategist for ING in the UK February 17, 2021

Romania's 2021 budget plans could hardly have been more ambitious after being constrained by the high share of rigid spending in the last few years

Romania’s construction works up 16% in 2020

bne IntelliNews February 17, 2021

In a year marked by a 3.9% GDP contraction, the sector has been one of the few pockets of growth.

Romania’s economy doing better than expected after surprisingly strong Q4

Iulian Ernst in Bucharest February 17, 2021

BCR and ING Bank significantly improved their forecasts for Romania's 2021 GDP growth.

Romania’s external debt rises by 7.1% of GDP in 2020

bne IntelliNews February 16, 2021

Romania added €15.6bn to its external debt in 2020, pushing the total up to €125.4bn or 57% of GDP.

Romania’s industry returns to growth in December

bne IntelliNews February 15, 2021

Romania's industrial production index posts positive growth for only the second time since May 2019.

Romania’s exports strengthen in Q4 after three quarters of decline

bne IntelliNews February 10, 2021

1.3% rise in exports in 4Q20 wasn't strong enough to offset the sharp contraction of exports during the lockdown.

Romanian digital currency ELGD triples capitalisation in seven days

bne IntelliNews February 9, 2021

The market value of Sibiu-based Elrond Network's ELDG currency passed the $3bn threshold on February 8, after surging by $1bn in 24 hours.

Romania’s government to slash spending to rein in budget deficit

Iulian Ernst in Bucharest February 9, 2021

Florin Citu's government to defer pension hike and cut expenditures to meet 7%-of-GDP deficit target in 2021 budget.

RBI net income falls by 35% to €804mn in 2020

bne IntelliNews February 5, 2021

COVID-19 lockdowns hit income as Raiffeisen raises provisioning ahead of pandemic's after effects.

M&A deals in CEE fall 22% by volume but rise 29% by value in 2020

bne IntelliNews February 2, 2021

Annual Wolf Theiss survey shows private equity investors are expected to take advantage of post-COVID business environment.

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