Romania's automotive industry had been going strong pre-crisis and seemed to recover in late 2020 — only to be depressed by the semiconductor crisis this year.
Annual CEE Strategic Transformation Index puts Slovenia top in CEE (after Austria), followed by Czechia and Poland.
Strong growth in both exports and imports in August resulted in trade gap of €1.73bn.
EU’s pro-nuclear member states want nuclear energy to be included in the bloc's green taxonomy as a way to ameliorate climate change.
The Bucharest Stock Exchange's main BET index surged by 29% in January-September, more than double the growth of the US’ S&P 500 index or Europe’s STOXX600.
Opposition Social Democrats say they will file criminal charges against Florin Citu, claiming he channeled the money to mayors who backed him in the National Liberal Party leadership election after losing confidence vote.
A couple of hours before the fall of Florin Citu's government, the National Bank of Romania hiked the monetary policy interest rate by 25bp to 1.5%.
After MPs vote to oust Citu, it's unclear how a new government could be formed by the current parliament, and early elections cannot be ruled out.
Third deadly fire breaks out in a Romanian COVID-19 hospital as government struggles to manage the fourth wave of the pandemic.
New FDI, meaning equity investments by incumbent or new foreign investors, added up to less than €1bn in 2020.
Investors share robust confidence in the Romanian economy, but the political turmoil and, to some extent the potential impact of the fourth wave of the pandemic, are toning down their optimism.
Elefant.ro is reportedly planning an IPO on the Bucharest Stock Exchange in November.
Citu’s victory over incumbent PNL leader Ludovic Orban complicates efforts to rebuild the party’s centre-right coalition with reformist USR-PLUS.
The lowest motorisation rates were found in Romania (357 cars per thousand people), Latvia (381 cars) and Hungary (390 cars).
Corporate lending gained momentum thanks to the COVID-19 support package, but as subsidies are phased out and economic activity returns to normal, retail lending is gradually returning as the driving force behind overall bank lending.
With the rapid economic recovery phase now behind us and the peak of the fourth COVID wave just ahead, the Romanian economy is starting to feel the need for additional growth drivers.
Connections Consult to use IPO proceeds to pursue expansion in Romania and abroad.
Defining a green investment is crucial to boosting the expansion of renewable energy and preventing the mis-selling of investments by so-called greenwashing, whereby the environmental impact of a product is misrepresented.
With a no-confidence motion in limbo at the Constitutional Court and PM Florin Citu seeking to bypass a vote by lawmakers on the minority government he wants to install, a constitutional crisis seems unavoidable in Romania.
Romania’s Financial Supervisory Authority to start bankruptcy procedures against City after it failed to increase its capital by €150mn as required by the regulator.