Romania was the region’s leader in export growth in the six years since the recent crisis, with annual growth averaging 9%, while numerous other CEE countries saw export growth beat China's both pre and post crisis.
Romanian public debt rose by €5bn in the year ending August 2017, but remain below the 39.4% it hit at the end of 2014 after tripling since before the global recession.
Two thirds of the new technology companies in the Central and Eastern Europe in the latest Deloitte Technology Fast 50 Central Europe were new entrants to the list, which highlights “the speed our top-performing young companies are developing”.
Romanian PM Mihai Tudose has won a partial victory over PSD and de facto government leader Liviu Dragnea, but this “political thriller par excellence” has some way to run yet.
Overall construction index was still 32% lower than nine years ago as civil engineering growth lags behind vibrant residential segment.
Nominees to replace three ministers forced to resign by PM Mihai Tudose amid apparent power struggle with Liviu Dragnea, leader of the ruling PSD.
Resignations include Deputy PM Sevil Shaideh, a key ally of PSD leader Liviu Dragnea, who until now has maintained informal control over the government despite not holding a cabinet position.
The economic recovery in country’s main trading partners in Europe and the acceleration of the activity at Ford’s car plant in Craiova are expected to further drive the country’s industrial activity.
Consumer prices up 1.8% - the fastest rise since November 2013 - and fuel excise tax hike alone will push inflation up to 2.5% y/y by end-2017.
Interest rates have increased significantly on the local market on the back of uncertainties generated by the government’s ambiguous fiscal policy.
Lithuania is the only EU member state where female employees are more likely to be sent on job-related training by their employer than their male colleagues, finds a study by The Knowledge Academy.
Bucharest and Sofia aim to use EU presidencies to argue against core vs periphery proposals that could sideline eastern member states and to call for a greater focus on unity.
PM announces he will invite “at least two ministers” to leave the cabinet within a few days, most likely including Deputy Prime Minister Sevil Shhaideh, who is the target of a corruption probe.
Sphera Franchise Group announced plans for an IPO in Q4 2017, joining a growing number of local private companies that have opted to float on the Bucharest exchange.
Sales of non-food goods surged by 19.1% y/y in August, the second highest rate since the 2008-2009 recession.
Most of the promised 25% pay rise for public sector workers will be wiped out as social security contributions are shifted from employers to employees.
The regional international financial institution International Investment Bank (IIB) held a conference in Moscow on September 28-29 to prepare partners for the introduction of the new IFRS-9 international accounting standards.
Facing down allegations of rampant corruption tearing apart at the seams of his country, Bulgarian President Ruman Radev is pressing for radical action from the top down and has drafted a new anti-corruption law he calls a "scalpel" for the gangrene.
Romania's industrial price growth accelerated to 4.1% y/y in August with energy prices making the greatest contribution while the less volatile prices of consumer, durable and capital goods kept rising steadily.
Visitor numbers are still modest compared to CEE hubs like Budapest and Prague, but the Romanian capital is increasingly on the map, helped by the growing number of low-cost flights and efforts to improve its tourist offering.