Romania

Putting New World techniques into Old World wine bottles

Clare Nuttall in Bucharest February 21, 2018

Molodovan winemaker Purcari plans acquisition spree after Bucharest IPO.

BALKAN BLOG: Discredit and rule tactics in Romania

Clare Nuttall in Bucharest February 21, 2018

An upcoming government report on the anti-corruption watchdog is expected to be negative, and there is speculation it will lead to a push to depose the DNA’s head Laura Codruta Kovesi.

Romania’s banks achieve record post-crisis profits in 2017

Iulian Ernst in Bucharest February 19, 2018

Romania’s banking system has the potential to continue the expansion seen in 2015-2017, but the rising interest rate is a serious challenge.

FDI stagnates in Romania

bne IntelliNews February 15, 2018

Despite stellar growth, investors are nervous about the lack of regulatory predictability in particular on fiscal policy, which will keep FDI volumes from rising in future.

Romania’s GDP soars 7% in 2017

Iulian Ernst in Bucharest February 15, 2018

Boosted by rampant consumption fuelled by a loose policy mix, the growth rate is unsustainable and is expected to slow significantly in 2018.

Romania's ruling coalition amplifies rhetoric against anti-corruption prosecutors

Iulian Ernst in Bucharest February 14, 2018

Political leaders are expected to use the growing scandal at the DNA's regional Ploiesti office to attempt to force out DNA chief Laura Kovesi.

Romanian industry makes strongest post-recession advance

bne IntelliNews February 13, 2018

Industrial production volume increased by 8.2% in 2017, helped by the economic recovery in the EU area, but the availability and cost of the labour force are becoming constraints for future expansion.

Slowdown in Romania's wage growth heralds end of three-year surge

bne IntelliNews February 12, 2018

Average net wages in Romania increased by 9.5% y/y in Q4, the weakest performance in two and a half years, and slower rates are expected this year after the government made broad income taxation and social security contribution reforms.

Bulgaria has Europe’s largest grey economy, IMF says

bne IntelliNews February 8, 2018

The shadow economy accounts for almost 30% of Bulgaria's GDP, higher than in any other European country, finds a new IMF report.

Auto-parts producer to close Romanian factory due to worker shortage

Carmen Simion in Bucharest February 5, 2018

Early warning signs that the talent shortage in the Visegrad 4 countries is now being felt in Romania.

COMMENT: Export credit agencies lurk in the shadows of responsible financing

Dan Heuer of Bankwatch February 5, 2018

If sunlight is the best disinfectant, then export credit agencies need to step into the daytime, argues a new study of ECAs in Central and Eastern Europe.

Lending in Romania only around half 2007-2008 level

bne IntelliNews February 5, 2018

Loans increased in 2017, as retail mortgage lending was buoyed by the government's Prima Casa guarantee scheme, but remain well below pre-crisis levels.

OLAF starts investigation into EU-funded metro project in Bucharest

Carmen Simion in Bucharest February 1, 2018

European Anti-fraud Office launched probe in response to complaints reportedly concerning inflated payments made to contractor on new line that will link central Bucharest to the western suburbs.

Unilever slurps up Romania’s Betty Ice

bne IntelliNews February 1, 2018

Romania’s €150mn ice-cream market increasingly in international hands as Unilever's purchase of largest local producer Betty Ice follows sale of no. 2 player Alpin57Lux to Latvia's Food Union.

M&A in Emerging Europe fell 17% in 2017 to €71.5bn, according to CMS/EMIS report

bne IntelliNews January 24, 2018

China becomes biggest foreign dealmaker in the region, making €7.7bn of acquisitions, up 78%.

Share of NPLs falls in EU but still at high levels in SEE

bne IntelliNews January 23, 2018

NPLs have been a severe problem in both Central and Southeast Europe since the global financial crisis, and remain particularly high in Bulgaria, Croatia and Slovenia.

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