High tech investment the answer to CEE’s labour crisis

Clare Nuttall in Glasgow December 17, 2018

As labour markets tighten across CEE, economists say the best outcome for the region is for companies to respond to worker shortages by investing into new technologies.

FDI in Romania rises by 10% y/y in 10M18

bne IntelliNews December 17, 2018

Despite the increase in the headline figure, long-term investments are stagnating at best, with inter-company lending substituting for them.

Romanian opposition submits no-confidence motion

Carmen Simion in Bucharest December 16, 2018

The chances the parliament will pass the motion are minimal, despite tensions within the ruling PSD that have led some of its members to defect.

Chimcomplex starts building regional chemicals giant with Oltchim takeover

Iulian Ernst in Bucharest December 11, 2018

Romanian chemical company Chimcomplex Borzesti has completed the takeover of troubled Oltchim, concluding a long saga of failed privatisations and a fierce struggle for recovery, but it will not be easy to integrate the two entities.

COMMENT: The state is back in the banking business in Central and Eastern Europe

Gunter Deuber of Raiffeisen Research in Vienna December 10, 2018

For a few years now, foreign banks have been constantly losing market share in many of the larger Central-, Southeastern and Eastern European markets, but there is a shift in the game as state banks are proudly increasing their share in many markets

CEE firms to invest heavily into robots

bne IntelliNews December 6, 2018

Growth in industrial robot shipments to Central and Eastern Europe to considerably outstrip global growth, as labour shortages bite.

Romanian technical consumer goods market up 17% in Jan-Sep

bne IntelliNews December 3, 2018

The market slowed down in Q3, but the slowdown was nothing like that of overall retail sales that showed their weakest performance in five years in Q3.

East European cities mull banger bans as “dirty diesel” exports threaten to worsen air quality

Clare Nuttall in Tirana November 29, 2018

Governments and city authorities in Southeast Europe and Eurasia want to limit imports of the older car models that have flooded into the region as few people can afford new cars.

Romanian households experience steepest electricity price rise in EU28

bne IntelliNews November 28, 2018

Lower electricity prices in Romania are partly explained by milder taxation: taxes and levies accounted for only 27% of Romanians' electricity bills compared to the EU average of over 37%.

CONFERENCE CALL: Romania’s missed opportunities

Clare Nuttall in Bucharest November 24, 2018

Can Romania claw back the ground lost from its unspent EU infrastructure funds and neglected health and education sectors?

"Picasso" buried under tree in Romania is a publicity stunt

Iulian Ernst in Bucharest November 20, 2018

Painting thought to be a work by Picasso stolen from the Kunsthal Museum in Rotterdam in 2012 was revealed to be a fake planted by two members of a Belgian theatre company.

Romanian banks post second-highest profit of last decade in Q3

bne IntelliNews November 20, 2018

Profitability ratios were close to those seen in 2008 before the credit crunch and subsequent economic recession.

Romanian PM changes eight ministers in government reshuffle

Carmen Simion in Bucharest November 20, 2018

Reshuffle will strengthen the position of ruling party leader Liviu Dragnea by demoting critics such as Deputy PM Paul Stanescu and Bucharest mayor Gabriela Firea.