Romania

Romania’s industry stagnates, dragged down by disruptions in car production

bne IntelliNews October 14, 2021

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.

CEE needs to speed up transition to new growth model, argues GLOBSEC report

bne IntelliNews October 12, 2021

Annual CEE Strategic Transformation Index puts Slovenia top in CEE (after Austria), followed by Czechia and Poland.

Romania’s trade gap one quarter wider than before crisis

bne IntelliNews October 12, 2021

Strong growth in both exports and imports in August resulted in trade gap of €1.73bn.

CEE/SEE countries unite in defence of nuclear power

bne IntelliNews October 12, 2021

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.

Romania’s stock exchange outperforms global benchmarks in September

Iulian Ernst in Bucharest October 11, 2021

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.

Acting Romanian PM Citu angers opposition with €200mn gift to mayors

Iulian Ernst in Bucharest October 8, 2021

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.

Political turmoil triggers interest rate normalisation cycle in Romania

Iulian Ernst in Bucharest October 5, 2021

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%.

Romanian parliament votes to dismiss Florin Citu's government

Iulian Ernst in Bucharest October 5, 2021

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.

Fire rips through Romanian COVID-19 ward killing seven

Iulian Ernst in Bucharest October 1, 2021

Third deadly fire breaks out in a Romanian COVID-19 hospital as government struggles to manage the fourth wave of the pandemic.

Central bank survey shows FDI in Romania is mostly reinvested profits

bne IntelliNews October 1, 2021

New FDI, meaning equity investments by incumbent or new foreign investors, added up to less than €1bn in 2020.

Political turmoil, COVID-19 wave subdue investors’ fundamental optimism in Romania

Iulian Ernst in Bucharest September 30, 2021

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.

Romanian online retailer Elefant repays bond before planned IPO

bne IntelliNews September 28, 2021

Elefant.ro is reportedly planning an IPO on the Bucharest Stock Exchange in November.

Romanian PM Citu wins party leadership election

Iulian Ernst in Bucharest September 26, 2021

Citu’s victory over incumbent PNL leader Ludovic Orban complicates efforts to rebuild the party’s centre-right coalition with reformist USR-PLUS.

Romania and Latvia's car ownership rates among lowest in Europe

bne IntelliNews September 24, 2021

The lowest motorisation rates were found in Romania (357 cars per thousand people), Latvia (381 cars) and Hungary (390 cars).

Bank lending in Romania gradually returns to retail-driven pre-crisis pattern

bne IntelliNews September 24, 2021

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.

ING: Romania economy cooling, looking for new drivers

Valentin Tataru chief economist for Romania at ING in Bucharest September 23, 2021

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 is fourth software producer listed on Bucharest's AeRO market this year

bne IntelliNews September 23, 2021

Connections Consult to use IPO proceeds to pursue expansion in Romania and abroad.

bneGREEN: Greenwashing: regulators flex muscles as the market remains in flux

Richard Lockhart in Edinburgh September 22, 2021

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.

Constitutional crisis looms in Romania

Iulian Ernst in Bucharest September 21, 2021

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 leading insurer City Insurance heads towards bankruptcy after losing license

Iulian Ernst in Bucharest September 20, 2021

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.

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