Romania
Romanian online retailer Elefant reportedly plans November IPO
The company failed to capitalise on the e-commerce rally prompted by the coronavirus lockdowns in a market dominated by eMAG.
bneGREEN: Global coal plans collapse by 76%
The global pipeline of proposed coal power plants has collapsed by 76% since the Paris Agreement in 2015, bringing the end of new coal power construction into sight, new research by green think-tank E3G finds.
bneGreen: Finland’s Betolar develops green cement as construction races to decarbonise
Finland’s Betolar is pioneering the production of low-carbon cement by using alternative industrial waste products in a process that could reduce CO2 emissions by up to 80%.
Romania’s public debt rises by €3.9bn in July, but stays below 50% of GDP
€3.5bn Eurobonds issued in July pushed debt up to RON545.3bn at the end of the month.
Romania's Fondul Proprietatea says state may deprive it of 19% stake in Bucharest Airports
Investment fund says management of Bucharest Airports National Company wants to dilute its stake to 0.7% through the capitalisation of an overvalued plot of land used by Baneasa airport.
Three major companies traded on Bucharest stock exchange doubled investors’ money over the past year
Blue chips Medlife and TeraPlast and real estate developer Impact boasted price increases in excess of 100% in 12 months.
Energy prices take Romania's inflation to 5.3% in August
Headline inflation in Romania accelerated from 4.95% y/y in July to 5.25% y/y in August, reaching the highest level since May-June 2018.
GLOBSEC: No debt ratio is safe for small EU countries
Targeted EU fiscal rule reform is desirable but should consider the inherent risks for smaller member states.
Romania’s trade gap soars by 65% y/y in July
The trade deficit posted by Romania in July was the second-largest ever at €2.2bn.
Romanian AI startup Humans raises $9mn
Funds raised through private sale of cryptocurrency with investment arm of blockchain company Elrond and blockchain investor Razvan Munteanu among the investors.
Fitch warns political turmoil puts fiscal consolidation at risk in Romania
The collapse of Romania’s coalition government could disrupt fiscal consolidation efforts, which are key to resolving the negative outlook on Romania’s BBB- rating, rating agency said.
Romania confirms 13% GDP growth and full recovery in Q2
Romania’s GDP advanced by 1.8% q/q in the second quarter of the year, marking a 13% annual advance compared to the ‘lockdown quarter’ of 2Q20.
BUCHAREST BLOG: Three days that plunged Romania into chaos
Romania moved from having a relatively stable and functioning centre-right ruling coalition to an explosive political situation with no credible mediator to defuse it.
Romania’s retail sales remain at record high in July
Consumption has already returned to pre-crisis growth rates and is not far from where it would have been in the absence of the COVID-19 crisis.
Romania’s reformist USR-PLUS ready to overthrow its own government
USR-PLUS to work with radical rightwing AUR to bring no-confidence motion against Florin Citu's government.
Industrial prices keep rising fast in Romania in July
Figures suggests higher energy prices have not yet passed through to consumer prices so further supply-side inflationary pressures are expected.
Romania's junior ruling party withdraws support for PM Citu
USR-PLUS accuses Citu of planning to misuse public money through the €10bn public investment plan.
bneGreen: Emerging Europe’s perfect storm for illegal logging
High demand for wood for the booming global furniture market, poverty, persistent corruption and huge areas of sparsely populated forest land combine to create the conditions for illegal logging in Emerging Europe.
Romania’s opposition fails to capitalise on strife within ruling PNL
PSD leader puts no-confidence motion on hold but says if “millions of Romanians” take to the streets Florin Citu’s government would be overthrown.
Invisible and highly polluting methane leaks detected across Romania
NGO finds dozens of methane leaks, including next to children’s playground.
