Second China-CEE Investment Cooperation fund expected to grow to $1bn later this year after first closing on $800mn, and will expand investment focus to encompass healthcare, tourism, education and agriculture.
Penta looks to long-term success in the world's second largest pharma market after making a record €245mn consolidated net profit in 2017.
Ubisoft and other big international studios laid the foundations of Romania’s game development industry, and now a growing number of talented local developers are striking out on their own.
Private equity investor Advent International aims to turn Prague-based Zentiva into an independent European leader in generic drugs.
Czech Media Investment group, controlled by billionaire Daniel Kretinsky, will pay €73mn for Lagardere group radio stations operating in Czechia, Poland, Slovakia and Romania.
Autonomous Flight Technologies (AFT) drone Hirrus is a home grown state of the art unmanned drone that the company is hoping to sell to Nato members and for commercial use
Unemployment dropped to a post-crisis low of just 3.94% in February with the lowest rates in Bucharest and major western cities.
Bucharest Stock Exchange's BET index soared 12.4% during Q1 to its highest value in 11 years, pushed up by massive dividends paid by state-owned companies.
Central bank expects inflation to subside once effects of loose fiscal and income policies pursued by the government dissipate.
Macedonia described as the "most promising chance for a democratic breakthrough" in Europe, as prospects for democracy look bleak in majority of post-communist states.
The European Commission's new progress reports for the six Western Balkan countries, including Albania, are expected next week. Crucially, they will evaluate performance against delivery of the required reforms as part of the EU accession process
Private consumption is expected to decelerate this year as consumer confidence has been dented by concerns over wages and expectations concerning inflation and the exchange and interest rates.
At 6.9% Romania's 2017 GDP growth was still extremely robust and revised data shows household consumption was the main driver.
Governor Mugur Isarescu denied central bank policy is influenced by recent pressure from the government, which has accused the monetary authority of pushing up interest rates.
Cities are critical to climate change mitigation efforts, and while CEE municipal authorities have to contend with region-wide challenges like demographic decline and a chronic lack of funding, they are no laggards in this area.
The small, open economies in the eastern part of the European Union will suffer disproportionately if the global trade war currently brewing extends to Europe, analysts have warned.
Former president Ion Iliescu and other top officials could be tried for crimes against humanity over their role in the brutal events of December 1989 when Romania's Communist-era dictator Nicolae Ceausescu was removed from power.
Lack of product has deterred some international firms from stepping into the Romanian real estate market, but locals say there are lucrative niches ripe for investment.
Several European states followed suit but others are still considering whether to take action over the poisoning of an ex-spy on British soil, which has already triggered over 100 expulsions by western countries.
Austrian wood processor beats a retreat from Romanian market after most local DIY chains blacklist its products over illegal sourcing accusations.