COMMENT: Romania’s foreign debt, reserves and gold during the pandemic

Alexandru M. Tanase in London November 24, 2020

Romania's external debt increased quite fast during the last year, rising from 48% to more than 56% of GDP, accelerated by the decline of GDP during the pandemic.

Romania gets approval from EC for $8bn nuclear plant expansion

Iulian Ernst in Bucharest November 23, 2020

Project to include construction of Units 3 and 4 at the Cernavoda power plant and refurbishment of Unit 1.

Romania’s industry close to positive growth in September

bne IntelliNews November 13, 2020

Romania's industrial production returned in September to the same level seen in the same month last year, while the manufacturing sector's output increased by 0.4% y/y.

Falling inflation supports finance minister's calls for more rate cuts in Romania

Iulian Ernst in Bucharest November 12, 2020

Romania's headline inflation rate eased to just over 2.2% in October from 2.5% in September and 2.7% in August, falling below the 2.5% centre of the central bank's target band.

Hungarian court rules against Digi in 5G tender exclusion case

bne IntelliNews November 12, 2020

Budapest Metropolitan Court ruled in favour of the authority when it rejected the application of Romanian-based telecommunication company Digi to register for participation in a 5G spectrum auction in 2019.

The state is back in business

Clare Nuttall in Glasgow November 11, 2020

This year’s public health crisis has accelerated calls for an increased role of the state in the economy, shows a new report from the EBRD.

Orange to pay €268mn for majority stake in DT’s fixed operations in Romania

bne IntelliNews November 10, 2020

French group Orange, already a major player on Romania's telecom market, will take over Deutsche Telekom’s fixed operations in the country for €268mn.

Romania’s exports keep recovering, but trade gap surges in September

bne IntelliNews November 10, 2020

Romania's trade deficit increased by 30% y/y to €1.54bn in September, despite the robust performance of exports that marked a thin annual decrease of only 0.5%.

CEE politicians highlight trade and security ties as they congratulate Biden

bne IntelliNews November 7, 2020

Politicians rush to congratulate new US president-elect as result is announced — but not Slovenian PM and staunch Trump supporter Janez Jansa, who takes to Twitter to mock state of rule of law in US.

CEE Banking Sectors: In crisis and recovery mode at the same time

Gunter Deuber of Raiffeisen Research in Vienna November 6, 2020

There is positive news for all Central and Eastern Europe (CEE) commercial bankers, market observers and investment bankers. The fresh 2020 CEE Banking Report by Raiffeisen Research paints an encouraging picture of banking in CEE.

Romania’s retail sales up 3.8% y/y in Q3

bne IntelliNews November 6, 2020

Higher real wages, still moderate unemployment and affordable interest rates pushed up retail sales by 3.8% y/y in the third quarter after a 7.3% y/y contraction in Q2.

Romanian tech startup promises to 'change the face of events'

bne IntelliNews November 4, 2020

[FLOW] OS' platform allows offline events to move online without compromising the experience for attendees.

Below average 2020 wine production destined for volatile and uncertain global market

Clare Nuttall in Glasgow November 2, 2020

First estimates from OIV show drought hitting the grape crops in countries such as Romania and Moldova, while others like Hungary and Russia managed to boost production.

French Orano to join $8bn nuclear power plant expansion project in Romania

Iulian Ernst in Bucharest October 27, 2020

France will be involved, together with the US and Canada, in the construction of two new reactors at Cernavoda under an $8bn project.

COMMENT: Why the Balkan region should be on investors’ radar screens

Tim Umberger deputy head of Eastern Europe investments at East Capital October 26, 2020

Despite short-term volatility caused by the pandemic in 1H 2020, the Balkan region could be one of the relative winners globally in the post-COVID era.