Romania

Massive cyber attack hits systems in Ukraine, Russia, Western Europe

bne IntelliNews June 27, 2017

Ransomware wreaks havoc on energy, transport and government computers, with disruptions also reported in Denmark, Romania, Spain and UK.

Romania’s ruling coalition nominates Mihai Tudose for prime minister

Iulian Ernst in Bucharest June 26, 2017

Former economy minister and confessed plagiarist Tudose was the only volunteer for the position after the ruling PSD ousted Sorin Grindeanu in a confidence vote in mid-June.

Current macroeconomic conditions in Romania at post-crisis best – CFA confidence poll

bne IntelliNews June 26, 2017

Confidence in macroeconomic conditions are at their highest point in the last year, but there are expectations that business conditions will worsen

Mytaxi buys Clever Tech to take on Uber in Romania

bne IntelliNews June 23, 2017

Daimler's Mytaxi continues to strengthen position on European market with purchase of Romanian taxi-hailing app developer Clever Tech.

Romania’s ruling coalition overthrows dissident PM

Iulian Ernst in Bucharest June 21, 2017

Ruling PSD ousts its own prime minister, Sorin Grindeanu, in a confidence vote and is expected to appoint a low-profile candidate who will act as a proxy for its leader, Liviu Dragnea.

Romanian pessimism holds back local capital market

Carmen Valache in Nicosia June 21, 2017

Investor interest in the Romanian growth story is self-explanatory, says Bucharest Stock Exchange president Lucian Anghel. The question is: why don't Romanians like it more?

Romania’s ruling PSD to file no confidence motion against its own PM

Carmen Simion in Bucharest June 15, 2017

Social Democrats decide to remove Sorin Grindeanu after less than six months in office, as PM defies pressure to resign.

Activists thwart Balkan gold rush again

Clare Nuttall in Bucharest June 15, 2017

High gold prices in recent years resulted in a flood of investors into Southeast Europe - much to the dismay of local residents and environmental groups.

Romanian exchange rate fall heralds deeper economic impact of political turmoil

Iulian Ernst in Bucharest June 15, 2017

Exchange rate drops amid rampant rise in political instability, as EU funds absorption, better tax collection and reforms at state-controlled companies are put at risk.

Romanian PM isolated and under pressure to resign

Carmen Simion in Bucharest June 14, 2017

Sorin Grindeanu refuses to stand down as cabinet resigns and Romania's ruling coalition withdraws its support.

Former Romanian President Iliescu to stand trial for crimes against humanity

Carmen Simion in Bucharest June 13, 2017

Military prosecutors send Iliescu and former PM Petre Roman to stand trial over the brutal repression of street protests in June 1990.

Russia dominates CEE region in global university ranking

Nicholas Watson in Prague June 13, 2017

Emerging markets are starting to feature more prominently on the QS World University Rankings, with Russia's top five universities all advancing more than 10 places on the latest index.

Leader of Romania’s ruling PSD reportedly asks PM to resign

Carmen Simion in Bucharest June 13, 2017

PSD leader Liviu Dragnea has blamed PM Sorin Grindeanu for failing to deliver on the party's ambitious pre-election promises.

Romania’s PSD leader threatens reshuffle in barbed Facebook exchange with PM

bne IntelliNews June 12, 2017

Divisions between Romanian Prime Minister Sorin Grindeanu and PSD leader Liviu Dragneau deepened after a spat between the two broke out on Facebook

Banking convergence returns to Central and Eastern Europe, says RBI

Robert Anderson in Prague June 9, 2017

The banking downturn is over, with profitability surging last year, according to the lender's annual CEE Banking Report.

Romania leads the Balkan IPO race

Clare Nuttall in Bucharest June 1, 2017

Series of IPO announcements in Romania, Croatia and Slovenia arouse speculation about the start of a larger return of the IPO markets in the region.

COMMENT: Can Romania become Europe's energy security hub in shared partnership with China and the West?

Alexey Golovin of KMG International May 29, 2017

Given its great asset base, Romania has the potential to become a Black Sea energy hub and a bridge between East and West.

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