ViennEast Compass: CESEE outlook, planning for new normal

Marcus How of Vienneast in Vienna August 3, 2020

There is no end to the COVID-19 pandemic in sight, but the new normal that will emerge could benefit the countries of Central Eastern and Southeastern Europe (CESEE), due to the new opportunities that will arise.

Misery vs death

Clare Nuttall in Glasgow July 29, 2020

The painful choice faced by poorer emerging European countries as they are forced to balance the risk to life of a new coronavirus spike with the economic and human cost of a second lockdown.

INTERVIEW: The long and painful path to a new normal

Clare Nuttall in Glasgow July 29, 2020

Romanian tech entrepreneur Radu Negulescu believes the early reopening of economies post-lockdown is self-defeating and forecasts years of hardship before the global economy finally rebounds.

Romania’s budget deficit hits 4.2% of GDP in H1

bne IntelliNews July 29, 2020

Deficit soared by 126% y/y to €9.4bn, but Finance Minister Florin Citu says Romania won't need IMF support.

Romania’s main cable operator gets permission to take over rival

bne IntelliNews July 28, 2020

RCS&RDS will take over three networks operated by its rival Digital Cable Systems ahead of a more complex planned takeover.

Romanian opposition plans no-confidence motion as rampant rise in COVID-19 cases threatens holidays, elections

bne IntelliNews July 27, 2020

The head of Romania's opposition PSD urged the government to come up with details about how it plans to address the coronavirus pandemic that "seems to have got out of control”.

Romanian PM promises €8bn-9bn investment and western partner for nuclear power plant expansion

Iulian Ernst in Bucharest July 24, 2020

Romania close to signing an agreement with "Euro-Atlantic partners" to complete the third and fourth reactors at the Cernavoda nuclear power plant, PM Ludovic Orban says after talks with China's CGN were scrapped.

Romanian RPA unicorn UiPath to hold IPO in 2021

Iulian Ernst in Bucharest July 24, 2020

The coronavirus pandemic brought this step closer, as the company’s profitability — a prerequisite for the IPO — has significantly improved, said co-founder Daniel Dines.

Dacia car plant in Romania risks quarantine as epidemic gains momentum

Iulian Ernst in Bucharest July 23, 2020

Number of COVID-19 infections exceeds the safety threshold in central Romanian auto-manufacturing cluster that includes Renault's Dacia factory.

EU leaders strike deal on post-coronavirus stimulus plan

bne IntelliNews July 21, 2020

European Union leaders reached agreement on a massive stimulus plan for the bloc’s economies in the early hours of July 21, after almost five days of intense talks. 

Romania’s industrial output enters recovery mode in May

bne IntelliNews July 15, 2020

Industrial production rose by 15.1% m/m in May, partly recovering after the deep 27.9% dive in April.

$225mn funding values Romanian RPA unicorn UiPath at over $10bn

Iulian Ernst in Bucharest July 14, 2020

The funding was accelerated by the COVID-19 crisis, during which demand for software and automation robots exploded, said co-founder Daniel Dines.

Romania’s trade gap narrows in May despite weak exports

bne IntelliNews July 13, 2020

The foreign trade gap in Romania contracted by 15.6% y/y to €1.25bn in May, but the latest foreign trade numbers don’t bring much optimism.

COMMENT: The new Romanian leu 15 years on

Alexandru M. Tanase in London July 10, 2020

The re-denomination of the Romanian leu in 2005 had lasting economic and emotional consequences for the population and for domestic and international markets.

ING Bank launches fashion marketplace in Romania

bne IntelliNews July 9, 2020

ING takes on Romanian online retailers Fashion Days and, but plans international expansion for its DealWise platform.

Romania’s retail sales still 5.4% down y/y in May

bne IntelliNews July 7, 2020

Sales lag below 2019 level despite bouncing back in May from their plunge in April.

Microsoft sets up new development centre in Romania

bne IntelliNews July 7, 2020

The Movial office in Iasi will become the fourth technology development centre in the region for Microsoft.

Romania’s Blue Air goes from flying high to seeking debt restructuring

Iulian Ernst in Bucharest July 7, 2020

Romania's biggest airline by the number of passengers transported has initiated a preventive agreement as it aims to avoid insolvency by restructuring its overdue debt worth over €100mn.