EU leaders hesitate on new sanctions against Russia for Aleppo assault

bne IntelliNews October 21, 2016

EU leaders said they will consider all options against the Syrian government and Russia for atrocities committed in Aleppo, but met resistance from Italy in the issue of imposing new economic sanctions.

Coalition emerges to support Romanian government of technocrats for another term

Iulian Ernst in Bucharest October 20, 2016

Two centre-right parties hope to keep popular technocratic PM Ciolos in power after December general election.

Romanian lawmakers endorse Swiss franc loans conversion bill

bne IntelliNews October 18, 2016

The law will cost banks around €560mn, or 0.6% of banking system’s assets, the central bank claims.

Romania’s senate speaker declares war on anti-corruption agency

Carmen Simion in Bucharest October 17, 2016

Calin Popescu Tariceanu asks parliament to ignore any request from National Anticorruption Directorate to investigate its members ahead of December general election.

CEE defence procurement still more ‘jaw-jaw’ than ‘war-war’

Nicholas Watson in Prague October 13, 2016

A combination of factors is creating the conditions for a boom in Central and Eastern European defence procurement. But as Poland’s sudden decision to scrap a $3.5bn helicopter deal shows, the region remains a tricky place to do business.

Government stumps up for Brancusi sculpture after Romanians shun fundraising campaign

bne IntelliNews October 13, 2016

Attempt to raise funds for €11mn Wisdom of Earth sculpture fails as string of corruption scandals deter Romanians from donating to government appeal.

Erste seeks to re-establish trust through social banking

Tim Gosling in Vienna October 13, 2016

Erste plans to roll out "banking for the unbankable" across CEE, seeing its social banking drive as an investment in a future generation of successful entrepreneurs.

Romania’s headline inflation remains subdued

Iulian Ernst in Bucharest October 12, 2016

Central bank cut 2016 and 2017 inflation projections in August, as annual inflation set to remain negative until end-2016.

CONFERENCE CALL: Private equity firms eye new opportunities in ex-Yugoslavia

Ivana Jovanovic in Belgrade October 7, 2016

A series of successful large-scale investments in the consumer sector have raised interest in Southeast Europe among private equity. However, potentially attractive privatisations deals within the region have so far proved elusive.

INTERVIEW: CEO says Romania capital market close to gaining emerging market status

Clare Nuttall in Bucharest October 7, 2016

After four years of intensive effort by the Bucharest Stock Exchange, it has been put on FTSE Russell’s emerging markets watchlist, a development that opens up “historic perspectives” for Romania, the CEO says.

ART REVIEW: Romanian artists sketch Nigel Farage’s worst nightmare

Clare Nuttall in Bucharest October 6, 2016

The use of symbols of Britishness in the two works “play with stereotypes in the way Romanians are stereotyped”.

RBI and RZB boards agree merger outline for Austrian lender

bne IntelliNews October 6, 2016

RZB and RBI said in May that they were examining a merger as a way of reinforcing their capital buffers in the face of tougher regulatory requirements following the global financial crisis.

Southeast Europe seeks to build on strong tourist season

Clare Nuttall in Bucharest October 3, 2016

Can governments and private sector investors in countries from Croatia to Romania build upon this year’s rise in tourist numbers and continue to attract larger numbers of holidaymakers in future?

Co-president of Romania’s PNL resigns over corruption allegations

Iulian Ernst in Bucharest September 29, 2016

Party's election chief Vasile Blaga stands down after corruption probe launched just two months before general election

IIB raises RON300mn in second Romanian bond placement

Clare Nuttall in Bucharest September 26, 2016

Oversubscribed leu issue attracts investors from fellow EU countries as IIB seeks to finance more projects in Romania.

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