Romania
Romexpo real estate project exposes divisions within Romania’s ruling coalition
€3bn development is among an increasing number of topics where the centre-right coalition is failing to find common ground.
Romania’s construction works up 5.7% y/y in January-April on robust housing market
The combination of low interest rates, accumulation of reserves in households’ accounts and rising demand for housing resulted in a booming housing market not only in Romania but globally.
Bucharest-listed cybersecurity expert Safetech to finance expansion abroad with new shares
Safetech plans to target the UK and US markets after fundraising.
Porsche Engineering the latest to set up in Romanian auto-manufacturing hub Timisoara
News of Porsche Engineering’s second Romanian R&D site follows investment announcements from components producers Dräxlmaier and Continental.
Southeast Europeans most likely in EU to believe corruption is getting worse
Transparency International survey shows citizens of Slovenia and Bulgaria were most likely to think their government was run by a few big interests looking out for themselves.
Romania’s industry returns to pre-crisis maximum, but some sectors may never recover
Romania’s industrial production index soared by 68% on an annual basis in April, an expected correction after one-third of the industrial sector stopped operating in April 2020.
Once buoyant Romanian wages show signs of fatigue
Romania’s average net wages posted an impressive 11.9% annual advance to RON3,561 in April – but the outstanding performance is largely due to low base effects.
International banking groups look to expand in Central and Southeast Europe despite pandemic
International banking groups remain committed to the region, with their strategies tilted towards expansion or stability despite the coronavirus pandemic, EIB survey shows.
Romanian entrepreneurs to develop region's first hyperscale data centre
€36mn data centre to be built in southern Romania near Craiova.
COMMENT: Time to end Putin's impunity
The price faced by Russia for aggression must be too high for the Kremlin to countenance, and this is the message that Biden should deliver to Putin – and act upon.
Central bank says 50% of Romanian bank loans bear climate change risk
Central bank official warns over banks' climate risk, saying 25.4% of non-government credits finance polluting businesses.
BRICKS & MORTAR: Romania emerges as third biggest industrial/logistics destination in CEE region
The modern stock of industrial spaces in Romania exceeded the 5mn sqm threshold in 2020 and will reach approximately 5.5mn sqm this year.
Romania’s exports up, yet far from narrowing the trade gap
Romania’s exports rose by 113% y/y to €6.25bn in April, a robust growth even after the correction for low base effects.
COMMENT: CEE national recovery and resilience plans – the focus, the gaps and what comes next
Most CEE governments submitted their national plans after the deadline and two (Bulgaria and Estonia) are yet to finalise them.
bneGREEN: IEA calls for $1 trillion of annual investment into clean energy in developing economies
Private finance is crucial if emerging economies are not to be left behind in the race to net zero, the IEA warns.
IT&C and industry brought Romania’s GDP close to pre-crisis level in Q1
GDP down by just 0.1% compared to Q1 2020 as strong performance industry and IT&C offset contraction of services sector.
No football frenzy in Emerging Europe's Euro 2020 host cities
Host cites to raise their profiles just as international travel starts to revive, but little hope of the usual tourism and consumer spending bonanza.
bneGREEN: European Commission provides €1bn funding boost for 72 Green Deal research projects
The European Commission has selected 72 research and innovation projects that will receive €1bn in funding to support the aims of the Green Deal.
Retail sales in Romania return to robust pre-crisis growth rate
Annualised growth rate now close to the trend growth rate in the pre-crisis period.
Bulgaria has worst air pollution in the EU, Eurostat says
Bulgaria has been struggling for years with air pollution in urban areas, particularly in winter.
