Romania
ING expects fiscal measures to dampen growth in Romania
ING analysts say unpopular measures to contain the public deficit have potential to dampen growth in 2024 but shouldn't shake market confidence or EU funds inflows.
Slovakia, Romania and Poland move to settle grain dispute with Ukraine
Slovakia's and Romania’s farming ministers have agreed with Kyiv on a licensing system for trading in grains.
Public sector investments fuel construction industry’s growth in Romania
Growth in the volume of construction works remained above 15% y/y for the fourth consecutive month in July.
Planet’s health is in danger zone
Six of nine key planetary ‘health boundaries’ have been crossed, said researchers in a new report.
Fiscal corrective package unveiled by Romanian government disappoints investors
Investors associations say their members have been disproportionately targeted with tax measures, while the government is not doing enough to cut spending.
Bulgaria to accept Ukrainian grain, Romania plans 30-day ban
Heavy pressure from farmers in both countries to keep the ban amid fears Ukrainian grain will flood the local markets.
Poland bans import of Ukrainian grain after EU-wide embargo expires
Ukraine has vowed to pursue legal action at the World Trade Organisation if any EU member states institute their own embargoes.
European Commission scraps rule of law monitoring for Bulgaria and Romania
CVM was introduced as a transitional measure on judicial reform and anti-corruption after two countries joined the EU back in 2007.
Romania builds concrete shelters near Ukraine border after series of Russian drone crashes
Shelters built in Tulcea county close to Ukrainian Danube ports that have repeatedly come under attack from Russia.
Inflation steady at 9.4% y/y in Romania in August
International rating agency Fitch expects a long period of disinflation until 2025.
Romania’s industry is losing ground despite marginal advance in July
Romania’s industrial output index increased by 0.6% m/m and by 0.9% m/m for the core manufacturing sector in July.
Poland gives EU “ultimatum” on Ukrainian grain imports
Kyiv has said that it will take legal action against those EU member states that impose national bans against EU-wide trade rules.
Romania’s public debt eases in June to 48.4% of GDP
Romania’s public debt decreased by RON6.25bn in June to RON724.bn at the end of the month.
Romanian startup Druid raises $30mn in series B round
Funding to help Druid accelerate its international expansion, particularly in the US market.
Romania sells €3bn Eurobonds to cover growing financing needs
Romania's funding needs have been pushed up significantly by insufficient tax collection. Budget gap could rise to 6.8% of GDP this year.
bneGREEN: EV battery manufacturers plug into Southeast Europe
Southeast Europe is already home to some high-profile electro-mobility companies. Now, it's becoming a location for battery manufacturing too.
Only 11 countries are reducing emissions and all will miss Paris targets - Lancet
Green growth is not yet happening in any advanced economies – and high-income countries are not on track achieve enough emissions reduction without more far profound changes in consumption.
Slowing private consumption drags down Romania’s GDP growth to 1.1% y/y in Q2
Independent analysts have lowered their full-year forecasts after disappointing Q2 figures.
Romania admits parts of Russian drone found on its territory, plays down the incident
Romania initially denied Ukrainian reports that a Russian drone had exploded on its territory, in line with Bucharest's strategy of avoiding escalation.
Moldovan P2P lending platform Fagura to expand to Romania
Moldovan fintech breaks into the EU market with expansion into neighbouring Romania.