Romania

Romanian premier dismisses minister of finance

bne IntelliNews July 9, 2021

Prime Minister Florin claims Nazare's ministry lags behind on a large number of projects.

bneGREEN: CEE surfs the green bond wave

Robert Anderson, and bne IntelliNews reporters July 9, 2021

Issuance has been impressive but in some countries green bonds are still to get off the ground, while in others there is a shortage of high-yield, local currency or 'dark green' issues.

wiiw raises its GDP forecast for 20 out of 23 countries in CEE

bne IntelliNews July 8, 2021

The Vienna Institute for International Economic Studies has raised its GDP growth forecasts for 20 out of 23 countries in Central and Eastern Europe as the coronavirus (COVID-19) pandemic starts to recede.

bneGREEN: What is green?

bne IntelliNews July 6, 2021

Defining green energy and indeed green investments is not an exact science, Determining just how green each of the various energy sources are gets complicated once you start digging into the details.

Romania’s stock exchange outperforms Western peers as index hits all-time high

Iulian Ernst in Bucharest July 6, 2021

The Bucharest Stock Exchange’s blue-chip index BET has increased by almost 22% since the beginning of this year, double the 10.5% growth recorded by the LSE’s FTSE 100.

Romania’s industrial prices increased by 10.4% y/y in May

Iulian Ernst in Bucharest July 5, 2021

Industrial prices leapt by just over 2% m/m in May and kept recovering in line with the reopening of the global economy.

Changing world gives agrifood tech a boost in Romania

Clare Nuttall in Glasgow July 4, 2021

Agrifood tech is poised to grow in Romania, which combines one of Europe’s largest agricultural areas with a strong IT sector, say the authors of a new report on the sector.

CEE regional sentiment up again in June but analysts warn of price pressures

bne IntelliNews July 1, 2021

Capital Economics analysts point to evidence of growing price pressures in eastern EU members.

bneGREEN: Hydro’s elderly turbines need fresh investment to contribute to net zero

Richard Lockhart in Edinburgh June 30, 2021

Hydro needs new investment to replace elderly infrastructure and accelerate the road to net zero, the IEA says.

Romania’s energy blockchain revolution failed before it started

Iulian Ernst in Bucharest June 30, 2021

The ICOs of two tokens launched in Romania three years ago raised a total of $55mn, but today their values have plunged close to zero and their websites are down. bne IntelliNews investigates where their founders are now.

Romania’s public debt nears 50% of GDP after April Eurobond issue

bne IntelliNews June 30, 2021

Romania’s public debt increased to €107.5bn at the end of April, close to the 50% of the GDP estimated for 2021.

Under half of emerging Europe economies to achieve full recovery in 2021

bne IntelliNews June 29, 2021

EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.

Romania’s 2.3%-of-GDP May public deficit keeps full-year 7% target feasible

Iulian Ernst in Bucharest June 28, 2021

Deficit remains in line with the government's consolidation plans that received unexpectedly strong support from the fast economic recovery.

MITTELEUROPEAN INSIGHTS: Czech and Hungarian central banks in sync in 2021 but longer term CNB to outpace MNB

Gunter Deuber of Raiffeisen Research in Vienna June 25, 2021

This week the Czech National Bank increased its key interest rate for the first time in the last 16 months, while the Hungarian National Bank did so for the first time in the last 10 years.

bneGREEN: Most green energy beats coal on price in 2020

Richard Lockhart June 24, 2021

162 GW, or 62%, of new renewable capacity was cheaper than new fossil fuel-fired generation in 2020

Growth of Romania's stock of loans reaches double digits at end-May

bne IntelliNews June 24, 2021

The stock of bank loans in Romania increased by 10.1% y/y as of the end of May, to €60.2bn, accelerating from 8.3% y/y growth one month earlier.

Romania in line with the Baltic states as fastest converging EU members

bne IntelliNews June 22, 2021

Romania’s GDP per capita increased to 72% of the European Union’s average last year, after rising by 20 percentage points over the past decade.

Romanian developer One United Properties to launch IPO

Iulian Ernst in Bucharest June 22, 2021

One United contracts new loans as it aims to raise €54mn with 10% IPO, which would price the company at up to €540mn.

Romexpo real estate project exposes divisions within Romania’s ruling coalition

Iulian Ernst in Bucharest June 18, 2021

€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

bne IntelliNews June 17, 2021

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.

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