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Construction sector growth expected to halve in 2023, to 6.2% from 12.7% y/y in 2022.
Russia and China will struggle for common policy on possible Russian soft underbelly Central Asia, Afghanistan, Mongolia, the vital Europe/Asia Caucasus crossroads, the Baltics, CEE and SEE.
Romania’s fiscal policy continues to consolidate and borrowing needs are at a record high due to the heavy maturity calendar. However, net issuance of ROMGBs is almost the same as last year. Romania is the region's leader with 44% of planned bonds.
Romania’s Financial Supervisory Authority decided to withdraw Euroins' license and file a bankruptcy request.
Ukraine’s IT industry has remained remarkably stable in the face of Russia’s full-scale invasion. While many leading sectors in Ukraine have suffered significant losses, IT saw a growth in exports helped by an impressive response from businesses.
Average wages up 15% y/y in nominal terms in January, fully matching the rise in consumer prices after they lagged behind inflation for most of 2022.
The Western Balkan countries are following the path established by Central Europe that emerged as a prominent manufacturing and services hub early in the transition period.
Positive growth in January doesn’t change the big picture: the country is close to five years of industrial decline.
Second protest in Belgrade to demand Bojana Savovic and Jasmina Paunovic are reinstated.
Moldova is often painted as small, struggling and stuck between the East and West. Its tourism industry was no different, at least until 2020. It has since borne the brunt of three global crises and has the battle scars to show for it.
Italian utility Enel plans to sell its subsidiaries in several countries including Romania.
AE Solar’s factory to meet one-third of the EU market’s demand when it reaches full capacity as Europe seeks to reduce dependence on solar panel imports.
Women are underrepresented in the growing ICT and green energy sectors.
Ruling invalidated the selection of Romanian state-controlled hydropower group Hidroelectrica’s management back in 2019.
Non-food retail sales rose by 9.1% y/y, indicating strong consumer confidence.
Funding round led by venture capital firm Eleven Ventures will support FlatAway's growth across Central and Eastern Europe and the Middle East.
Industrial price inflation peaked at over 50% y/y in July-August then fell as prices of energy and food moderated.
Looking forward to the end of the war, whenever it happens, policymakers are already speculating on how many of the refugees and migrants are likely to stay and how many will return.
AI assistant named ‘Ion’ to provide real-time information on the “opinions and desires” of the Romanian population.