Romania

SEE banking markets are ripe for consolidation

Clare Nuttall in Bucharest February 27, 2017

Locally-owned lenders and private equity groups take advantage of the withdrawal of Greek and other West European banks.

Romania’s ruling PSD to relax rules for amending constitution

Iulian Ernst in Bucharest February 27, 2017

Bill making it easier to change constitution by public referendum seen as latest step in PSD’s conflict with President Iohannis, anti-corruption agency.

Overdue bank loans fall sharply in Romania

Iulian Ernst in Bucharest February 27, 2017

Overdue loans 35% down y/y at end-January amid low interest rates and improved payment discipline.

Romanian government scraps €1.6bn multi-role warship order

Iulian Ernst in Bucharest February 24, 2017

Bucharest plans to hold new auction for warships after criticising selection procedure used by previous government.

Romania's ruling PSD announces reshuffle after anti-government protests

Carmen Simion in Bucharest February 22, 2017

Modest reshuffle includes appointment of non-party justice minister but top officials keep their positions.

Lending 4.1% up y/y in Romania in 2016

Iulian Ernst in Bucharest February 21, 2017

Dip in final quarter of 2016, as slump in mortgage lending drags down retail lending figures.

Bucharest children’s protest defies official pressure

Carmen Simion in Bucharest February 19, 2017

Romanian labour minister warns parents are breaking the law by taking children to demonstrations.

50,000 protesters create giant Romanian flag in Bucharest

Carmen Simion in Bucharest February 13, 2017

Thousands of Romanians demand government's resignation in 13th consecutive day of anti-corruption protests.

Romanian justice minister takes rap for protests over emergency decree

bne IntelliNews February 9, 2017

Florin Iordache becomes fall guy for government's botched attempt to neuter anti-corruption campaign.

Romanian government survives no-confidence vote

Carmen Simion in Bucharest February 8, 2017

But the government's image has been seriously damaged by the protests against the decree watering down the anti-corruption fight.

Romanian political turmoil will have long-term consequences

Clare Nuttall in Bucharest February 8, 2017

The new government has already lost the people's trust, while investor confidence has been shaken.

Romania’s government abandons plans to promote controversial decree as regular bill

Iulian Ernst in Bucharest February 7, 2017

Decree that would have watered down anti-corruption legislation sparked mass protests in Bucharest and other cities.

A guide to the Romanian protests

Clare Nuttall in Bucharest February 6, 2017

As the anti-corruption protests in Romania continue to grow, bne IntelliNews provides a guide to the decree at the heart of the controversy, the main players and their agendas.

Half a million Romanian protesters demand government's resignation

Carmen Simion in Bucharest February 6, 2017

Numbers swell on sixth consecutive day of mass anti-corruption protests, as just 1,500 join counter-demonstration in support of government.

Romania's government under pressure as protests force cancellation of controversial decree

Iulian Ernst in Bucharest February 5, 2017

Romania is experiencing its own version of Ukraine’s Maidan popular revolution. Mass protests have gone from calling for the cancellation of a decriminalisation decree to demands for the government to resign.

Crunch time in Romania as govt to meet over anti-corruption ordinance, protests

bne IntelliNews February 5, 2017

February 5 is a critical day for Romania as opponents to the government’s attempts to undercut the country’s anti-corruption drive prepare to hold their biggest protest so far, while the government meets to discuss the situation.

Children join parents in Bucharest anti-corruption protest

Clare Nuttall in Bucharest February 5, 2017

Demonstrations to continue despite Prime Minister Grindeanu's backtracking on controversial ordinance.

Romanian government to revoke controversial ordinance but protests continue

Carmen Simion in Bucharest February 5, 2017

Prime Minister Sorin Grindeanu gives in to popular pressure after hundreds of thousands join anti-corruption rallies.

BALKAN BLOG: Romanian government’s ‘useful idiots’ line up to undermine anti-corruption drive

Clare Nuttall in Bucharest February 3, 2017

Romania's anti-corruption agency is coming under concerted attack from critics inside and outside the country.

Bucharest protesters signal peaceful intent with flowers at latest mass anti-corruption rally

Carmen Simion in Bucharest February 3, 2017

Mass protests enter third day in Bucharest and other cities as government refuses to back down.

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