Romania
Romania’s industry stagnates, dragged down by disruptions in car production
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
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
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
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
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
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
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
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
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
New FDI, meaning equity investments by incumbent or new foreign investors, added up to less than €1bn in 2020.
_0.jpg)
Political turmoil, COVID-19 wave subdue investors’ fundamental optimism in Romania
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
Elefant.ro is reportedly planning an IPO on the Bucharest Stock Exchange in November.
Romanian PM Citu wins party leadership election
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
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
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
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
Connections Consult to use IPO proceeds to pursue expansion in Romania and abroad.
bneGREEN: Greenwashing: regulators flex muscles as the market remains in flux
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
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
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.
