Romania
Erste Group revises upwards CEE region’s 2021 growth outlook
CEE lender cites region’s outstanding resilience during the pandemic and the expected positive impact from the EU’s recovery fund.
US, UK and Israel accuse Iran of Gulf attack on tanker that killed Briton, Romanian
Analysts widely suspect Iran and Israel are involved in an undeclared shadow war in which they carry out attacks on each other's vessels. This war appears to be escalating
BALKAN BLOG: Southeast Europe heatwave a sign of climate change to come
Southeast Europe is suffering under a heatwave that has sent temperatures soaring to 40°C or higher.
Heatwave pushes up spot electricity prices in Southeast Europe
Prices elevated by a combination of demand for electricity for cooling and an outage at one of the reactors of Romania’s nuclear power plant.
European Commission approves acquisition of Telekom Romania by Orange, subject to conditions
Deutsche Telekom is selling its 54% stake in Romanian fixed line operator Telekom Romania Communications to Orange’s local subsidiary.
Romania’s historic Rosia Montana mining site added to UNESCO world heritage list
Canadian mining company Gabriel Resources, which has a mining licence for Rosia Montana, sued the Romanian government after it asked for the area to be added to the UNESCO world heritage list.
bneGREEN: EU takes carbon pricing initiative with CBAM
The EU on 14 July unveiled the details of its proposed Carbon Border Adjustment Mechanism, which aims to protect EU CO2 emitters from carbon leakage by making exporters to the EU market pay for the CO2 they produce.
Shares of Romanian startup Air Claim nearly double in price on BVB after listing
Air Claim helps passengers get compensation for flights that are canceled or delayed.
Looming new coronavirus wave prompts vaccination push in Southeast Europe
With the delta variant starting to spread in Southeast Europe, officials are warning of a new wave of the pandemic that may put pressure on hospitals as early as August or September.
bneGREEN: Global investors turn to green energy and away from fossil fuels
The world’s largest global debt and equity investors are continuing to invest in renewable energy despite the pandemic, driven by the wealth of investment opportunities, the Institute for Energy Economics and Financial Analysis said.
BRICKS & MORTAR: Residential real estate markets bounce back in Southeast Europe
Strong recovery after spring 2020 lockdowns partly driven by demand for houses and rural properties, but prices remain among the lowest in Europe.
European Commission slams Bulgaria on rule of law, Slovenia on media freedom
Highly critical European Commission report issued as Sofia tries to sack chief prosecutor Ivan Geshev, who has thwarted efforts by the caretaker government to investigate top-level corruption. Shortcomings reported in other SEE EU members.
Romania’s PM bullish expectations may put fiscal consolidation at risk
Florin Citu says GDP growth could hit 10% in 2021 as he heads into party leadership campaign.
CEE dealmaking back at pre-COVID levels in H1, says Mergermarket
The first half was particularly strong in the mid-market and smaller-ticket segment.
Romania’s bourse over 30% above pre-crisis peak
The Bucharest Stock Exchange's blue chip BET index crossed the 12,000 points threshold for the first time on July 13 and ended the week at 12,026.
Romania’s current deficit up 85% y/y in January-May, FDI surges 3.2 times
Romania’s current account balance and foreign direct investment figures reveal a sharp increase in the country’s external deficit balanced by stronger FDI.
Recovery piles upward pressure on Romanians’ low wages
Romanian workers have abandoned construction sites to return to jobs in Spain, while rural workers are leaving for seasonal jobs abroad, at the same time as local and foreign investors plan to set up new manufacturing facilities.
Romania’s foreign trade returns to pre-crisis rising trend
The return to normal for Romania means the return to wide trade deficits and the so-called “revenge spending” in the post-crisis period only smooths the return to that unsustainable path.
bneGREEN: EU carbon pricing set for radical reforms
The European Commission is to publish legislation on July 14 that will detail the EU’s plans, dubbed “Fit for 55,” to reduce greenhouse gas emissions by 55% from 1990 levels by 2030 as part of wider reforms to European energy and climate laws.
Romanian premier dismisses minister of finance
Prime Minister Florin claims Nazare's ministry lags behind on a large number of projects.
