Many of the newer EU member states saw their scores deteriorate on the latest Corruption Perceptions Index amid growing state capture and efforts by governments to undermine judicial independence.
The labour shortages that have threatened to limit economic expansion in Central and some parts of Southeast Europe have started to ease in some countries, with increased labour migration a contributing factor.
The clarity brought by the new government has improved investors’ confidence, but more is needed to bring yields down in line with peer countries with more sustainable public finance indicators.
Most economies are failing to provide the conditions in which their citizens can thrive, said the World Economic Forum on releasing its new social mobility index.
China became the top investor in CEE in 2019, leading fellow East Asian investors that accounted for a growing share of M&A in the region. More deals are expected to follow, says a new report from law firm CMS.
Prime Minister Ludovic Orban cited the EU's new Green Deal rather than security issues or cost concerns circulated previously as the main reason behind a potential end of the deal with CGN.
At 4.0% y/y, December inflation came in slightly above our 3.9% forecast and market consensus. We believe that this will be the peak for many months to come.
Romania’s current account deficit reached €10.7bn, nearly 4.9% of GDP, in the 12-month rolling period ending November, 22.7% up y/y.
Installed by a heterogenous group of parties and MPs, and with term elections looming towards the end of this year, the scope of Ludovic Orban’s government to take action on issues such as tackling Romania’s budget deficit is very limited.
More political uncertainty ahead in Romania as the government mulls early elections, after adopting a budget that analysts warn is subject to multiple risks.
110 M&A deals took place in Romania in 2019, with a estimated value of between €4.0bn and €4.4bn, according to consultancy firm Deloitte.
The European Commission’s batch of Economic Sentiment Indicators (ESIs) fell sharply in December, although they remain consistent with regional GDP growth holding steady at around 3.6% y/y in Q4. Robust domestic demand should help to cushion the blow
The company has financed its sharp expansion over the last few years by aggressive borrowing. It is now eyeing the mobile telecommunication operations of Deutsche Telekom in Romania.