Romania

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.

Game development moves up a level in Romania

Clare Nuttall in Glasgow May 29, 2021

The big international game developers are stepping up their operations in Romania where they sit alongside local indie firms that have already scored some solid successes.

SeedBlink crowdfunding platform completes €3mn series A financing

bne IntelliNews May 28, 2021

Fundraising for European expansion includes €1.1mn raised through Seedblink's own platform.

Bank lending gains momentum in Romania driven by corporate segment

bne IntelliNews May 28, 2021

The stock of bank loans in Romania increased by 8.3% y/y at the end of April to reach RON293.6bn.

Faster-than-expected economic recovery in Romania eases fiscal tensions

Iulian Ernst in Bucharest May 28, 2021

Romania’s general government budget deficit dropped to 1.8% of GDP in 4M21, down from over 2.5% in the same period last year.

ING: Romania’s previous central bank prudence paying off

Valentin Tataru chief economist for Romania at ING May 27, 2021

By not pushing its key rate close to zero, the National Bank of Romania (NBR) has now just a bit more time to act than its regional peers. While risks for rate hikes in 2021 have increased, we still believe the NBR will try to delay such measures.

Bucharest-listed cybersecurity firm Safetech to raise funds for UK expansion

bne IntelliNews May 27, 2021

Safetech Innovations has benefitted from the need to ensure security during the shift to work from home.

Spain’s Glovo to buy Delivery Hero’s business in six Southeast European countries for €170mn

bne IntelliNews May 26, 2021

Barcelona-based delivery company interested in the emerging Europe region where people have embraced on-demand delivery platforms.

Romania's SeedBlink crowdfunding platform to raise funds for European expansion

bne IntelliNews May 26, 2021

SeedBlink has become a crucial part of the early stage funding system in Romania, having participated in 45% of the pre-seed and seed financing rounds of Romanian startups in 2020.

bneGREEN: The EU’s Green Deal: Putting a carbon price on imports

Richard Lockhart in Edinburgh May 22, 2021

The EU’s journey to net zero threatens a carbon price war with its trading partners

Bucharest Stock Exchange sets new records as it shrugs off the coronacrisis

Clare Nuttall in Glasgow May 21, 2021

The Bucharest Stock Exchange’s main index BET has soared past its peak before the last crisis, while there has been intense activity on AeRO, the dedicated market for smaller companies.

Romania’s IT&C market forecast to grow by 15% p.a. until 2025

bne IntelliNews May 20, 2021

IT&C services market grew by 23.4% y/y in 2020 amid shift to remote working and online services during the pandemic.

Romania’s gourmet dairies secure expansion funding after pandemic boost

Iulian Ernst in Bucharest May 20, 2021

Agroserv Mariuta to list on the Bucharest Stock Exchange while Artesana takes out loan from CEC Bank as Romanians switch to local producers.

bneGREEN World needs immediate and massive deployment of green tech to fight climate change

Richard Lockhart in Edinburgh May 19, 2021

World needs immediate and massive deployment of green tech to fight climate change, warns IEA in its latest report.

Romania's Q1 GDP points already to full recovery after last year's crisis

Iulian Ernst in Bucharest May 18, 2021

Romania's GDP narrowly missed a full return to the level posted in the same period last year.

Regional winery Purcari invests in online wine retail platform

bne IntelliNews May 17, 2021

Bucharest-listed Purcari bought a 10% stake in 8Wines.com, a fast-growing online retailer of wines.

Romania’s inflation up in April on higher fuel and electricity prices

bne IntelliNews May 14, 2021

Headline consumer price inflation in Romania rose to 3.24% y/y in April, the steepest level since January 2020.

Romania’s net wage hits record €726 in March

bne IntelliNews May 14, 2021

However, the growth in net wages in Romania has slowed down visibly from the high annual rates seen in the past.

German retailer Penny plans €1bn investments in Romania by 2029

bne IntelliNews May 13, 2021

Penny outlines expansion plans for the rest of the decade after hiking both profit and turnover during 2020.

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