BUCHAREST BLOG: New faces, new policies, but the same old uncertainty

Clare Nuttall in Glasgow December 5, 2019

Romania’s new government is preparing to undo some of the measures taken by its predecessors that dismayed investors, but with a shaky majority and elections already looming the scope for improvements is limited.

Foreign investors drive Romania’s IT industry

bne IntelliNews December 5, 2019

Foreign owned companies generate three quarters of the revenues in Romania’s IT industry and drive the market up based on rising exports that account for 80% of the industry’s turnover, finds industry association ANIS.

CEE “brimming with opportunities” in renewables — and airports

bne IntelliNews December 3, 2019

In a sign of the complex politics surrounding climate change, CEE has huge opportunities for investment into two growth areas: renewable energy and airports, finds a new study by law firm CMS.

Major Romanian cable operator RCS&RDS to purchase key rival

bne IntelliNews December 2, 2019

RCS&RDS will start by using the Digital Cable Systems and AKTA Telecom networks, with the assets to be purchased later.

Romania’s new government runs out of time as investors expect fiscal reforms

Iulian Ernst in Bucharest December 2, 2019

PM Ludovic Orban will honour the wage and pension hikes promised by his predecessor — but ministers have not yet explained how they will be financed.

Romania’s new government to revise 2019 budget to address “dire” public finances

bne IntelliNews November 26, 2019

Deficit expected to come in at as much as 4.1-4.3% of GDP, as new centre-right government prepares emergency decree revising this year’s budget.

Romania’s President Iohannis wins another term

bne IntelliNews November 25, 2019

Iohannis’ reelection calms the political scene in Romania — for the short term — but parties are already positioning themselves for next year’s general election.

Romanian president heads toward second term

Iulian Ernst in Bucharest November 22, 2019

Polls show the centre-right incumbent Klaus Iohannis will defeat recently-ousted prime minister Viorica Danicla convincingly.

COMMENT: Romania’s achievements and challenges. Quo vadis?

Alexandru M. Tanase in London November 19, 2019

30 years after Romania started its post-socialist transition, there are many urgent tasks ahead. Most likely another three decades will be needed to rebalance the macroeconomic disequilibria and put things right.

Romania’s construction market maintains solid growth in Q3

Iulian Ernst in Bucharest November 18, 2019

The growth in the volume of construction works in Romania accelerated to 35.4% y/y in Q3, as the sector turns into a significant growth driver.

Romania’s industrial production sees sharpest correction in past decade

bne IntelliNews November 14, 2019

Industrial output contracted by 3.6% y/y in Q3, which was the sharpest decline seen since the 2008-2009 recession.

Romania’s sluggish Q3 exports raise questions about still buoyant import-driven consumption

Iulian Ernst in Bucharest November 12, 2019

Romania’s exports of goods increased by only 0.5% y/y to €17.0bn in Q3, which was the weakest performance in the past seven years.

Romania’s former PM Dancila to face President Iohannis in second round of presidential elections

bne IntelliNews November 11, 2019

Klaus Iohannis seen heading for victory in the runoff in two weeks time, which will reinforce the new government headed by the centre-right PNL.

30 YEARS OF TRANSITION: CEE makes enormous progress but held back by governance issues

Clare Nuttall in Glasgow November 9, 2019

If half of the governance gap between Central Europe and the G7 countries was closed, income convergence would be brought forward by almost a generation, says EBRD chief economist Beata Javorcik in an interview with bne IntelliNews.

30 YEARS OF TRANSITION: The East-West convergence in numbers

Clare Nuttall in Glasgow November 9, 2019

30 years after the fall of the Berlin Wall the new EU members haven’t yet caught up with Western Europe — but they are drawing level with the Southern European states that were battered by the international economic crisis.