Romania

Bucharest Stock Exchange starts 2021 with strong growth

Iulian Ernst in Bucharest March 9, 2021

BVB officials expect 20 more bond and share issues this year after a surge in interest in the alternative AeRO market.

Major Romanian cities enter lockdown or red zone amid rising infection rates

bne IntelliNews March 8, 2021

Timisoara is the first first-tier Romanian city to enter lockdown in 2021, but the number of infections is rising elsewhere in the country.

Global IT group Stefanini opens EMEA operational security centre in Bucharest

bne IntelliNews March 5, 2021

Brazil-based company Stefanini's operational security centre in Bucharest will work with customers from the entire EMEA region.

Romania’s January retail sales point to more cautious household sentiment

bne IntelliNews March 5, 2021

Romania's retail sales volume index increased by 1.6% y/y in January amid expectations of an austerity budget for 2021.

Romania to ban Chinese companies from big infrastructure projects

bne IntelliNews March 4, 2021

Bucharest has already scrapped a deal with China's CGN to expand its nuclear power plant and agreed with the US to exclude "unsafe" companies from 5G auctions.

Erste Bank net profit halves to €783mn in 2020

bne IntelliNews March 1, 2021

Austrian lender provisions for COVID-19 downturn but says it does not expect a significant increase in hard defaults after the expiration of debt moratoria in the region.

Romania’s public debt-to-GDP ratio up 12.4pp y/y to 47.7% at end-2020

bne IntelliNews February 25, 2021

Public indebtedness increased amid the government's efforts to support the private sector and address the health crisis.

Romania expects to get €720mn from sale of 5G licenses this year

bne IntelliNews February 25, 2021

Revenues for the state budget from the sale of the entire 5G frequency spectrum could "easily" exceed €720mn, regulator said.

Emerging Europe strong on women’s economic opportunities but dragged down by low pensions

Clare Nuttall in Glasgow February 24, 2021

Different retirement ages for men and women lead to lower pensions for women despite reforms in 2019-2020, says World Bank report.

Hidroelectrica becomes Romania's most profitable company ahead of potential IPO

Iulian Ernst in Bucharest February 24, 2021

Hidroelectrica replaced oil and gas group OMV Petrom as the country's most profitable company, reporting a 5% rise in net profit to almost €300mn in 2020.

Romania: Demography, labour force and pandemic

Alexandru M. Tanase February 23, 2021

There were many changes during 2020, but for Romanians it is quite clear that 2021 will not be a year of plenty.

Romanian IT company Bittnet enters FTSE Russell indices

bne IntelliNews February 23, 2021

Romania will now have four companies in the FTSE Russell indices following its upgrade to secondary emerging market status last year.

Online is in vogue in Romania

Clare Nuttall in Glasgow February 21, 2021

eSales by online fashion sites are gaining on those of major retailers in Europe’s fastest-growing e-commerce market.

Abuse and hate speech against LGBTI people rises across Europe and Central Asia

bne IntelliNews February 18, 2021

Crackdown on democracy and civil society during pandemic accompanied by increase in hate speech by politicians finds ILGA-Europe report.

Romanian property rental platform Milluu raises money to expand in Poland

bne IntelliNews February 18, 2021

Largest-ever crowdfunding through Seedblink platform allows Milluu to replicate its business model in Warsaw.

Resilient emerging Europe labour markets to bounce back post-crisis

Clare Nuttall in Glasgow February 17, 2021

Unemployment growth has been modest and a return to tight labour markets is expected as economies recover from the coronacrisis.

ING: Romania’s 2021 budget plans – as good as it gets

Valentin Tataru Chief Economist of ING in Romania, Trieu Pham Emerging Markets Sovereign Debt Strategist for ING in the UK February 17, 2021

Romania's 2021 budget plans could hardly have been more ambitious after being constrained by the high share of rigid spending in the last few years

Romania’s construction works up 16% in 2020

bne IntelliNews February 17, 2021

In a year marked by a 3.9% GDP contraction, the sector has been one of the few pockets of growth.

Romania’s economy doing better than expected after surprisingly strong Q4

Iulian Ernst in Bucharest February 17, 2021

BCR and ING Bank significantly improved their forecasts for Romania's 2021 GDP growth.

Romania’s external debt rises by 7.1% of GDP in 2020

bne IntelliNews February 16, 2021

Romania added €15.6bn to its external debt in 2020, pushing the total up to €125.4bn or 57% of GDP.

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