Romania

Porsche Engineering the latest to set up in Romanian auto-manufacturing hub Timisoara

Iulian Ernst in Bucharest June 16, 2021

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

bne IntelliNews June 16, 2021

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

Iulian Ernst in Bucharest June 15, 2021

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

bne IntelliNews June 14, 2021

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

Clare Nuttall in Glasgow June 14, 2021

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

Iulian Ernst in Bucharest June 11, 2021

€36mn data centre to be built in southern Romania near Craiova.

COMMENT: Time to end Putin's impunity

Jeff Lovitt and Jan Piekło June 10, 2021

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

bne IntelliNews June 10, 2021

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

Iulian Ernst in Bucharest June 10, 2021

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

bne IntelliNews June 10, 2021

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

Otilia Dhand of Teneo June 10, 2021

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

Richard Lockhart in Edinburgh June 9, 2021

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

Iulian Ernst in Bucharest June 9, 2021

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

bne IntelliNews June 8, 2021

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

Richard June 6, 2021

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

bne IntelliNews June 6, 2021

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

bne IntelliNews June 4, 2021

Bulgaria has been struggling for years with air pollution in urban areas, particularly in winter.

BRICKS & MORTAR: Bucharest office market overflowing with new deliveries

Iulian Ernst in Bucharest June 4, 2021

JLL finds the office space pipeline for 2021 totals almost 256,000 sqm, a 65% y/y increase.

Bond issues and startup listings push Bucharest Stock Exchange to new records

Iulian Ernst in Bucharest June 3, 2021

The Bucharest Stock Exchange boasted the highest daily liquidity in its history in the first five months of 2020.

Power struggle in Romania’s ruling PNL puts government stability at risk

Iulian Ernst in Bucharest June 2, 2021

Romanian PM Florin Citu and his predecessor Ludovic Orban are vying to lead the senior ruling PNL.

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