The government’s 5.2% target for this year’s GDP growth looks realistic and it might actually be exceeded but at the cost of the accumulation of twin deficits.
Romania and Bulgaria are among five EU countries with the greatest risk of modern slavery, as the arrival of vulnerable migrant populations pushes up risk in agriculture, construction and services.
Affordability makes the Czech Republic’s second city the highest ranked location in the CEE/CIS region on Nestpick’s latest Startup Cities Index.
Southeast Europe is seeing an explosion in hydropower investment, but inadequate regulation and oversight of the sector are raising concerns about the environmental impact and whether these investments are sustainable.
Lucifer heatwave that brought scorching temperatures across Southeast Europe highlighted infrastructure shortcomings, while drought takes its toll on agriculture along the Adriatic coast.
Romanians flock to Black Sea resorts but foreigners make up just 6% of total visitors as Romania remains last placed in the EU in terms of tourism revenues.
Romania’s seasonally-adjusted ILO unemployment rate decreased by 0.6pp y/y and by 0.1pp on the month to 5.3% in June, the INS statistics office reported on July 31.
The region's steepest gap - of $727bn - is in Russia where inadequate infrastructure spending in recent decades has hindered economic growth.
Real estate investor's bond issue, aimed at refinancing part of its maturing debt and preparing for further expansion, is the largest of its type on the Bucharest bourse.
Dmitry Rogozin was travelling to Moldova, where he planned to attend celebration of Russian peacekeeping forces in Transnistria, on a commercial flight after Chisinau denied access to his military jet.
Romania’s Defence Minister Adrian Tutuianu confirms Bucharest will buy Patriot missile defence system and outlines defence spending plans.
Increase in lending driven by both consumer and corporate segments, while the main engine remains the retail mortgage segment.
Romania's banking system is still a net borrower vis a vis its non-government customers but is shifting toward a net lender position for the first time since the international economic crisis.
Romania has had three prime ministers since the start of 2017, and around 150 ministers since 1990.
More Romanians considering a move to Cluj Napoca than either Bucharest or abroad, in contrast with emigration trend seen in recent years, World Bank study finds.
Investors in Romania typically expect a bumpy ride when it comes to the tax regime, with frequently changing rules often motivated by political considerations, but recently it's become really turbulent even by Romanian standards