M&A hits €8.5bn in CEE in Q1, says Mergermarket

bne IntelliNews April 16, 2021

Trend towards bigger deals and more fund investment continues, as deal value rises by half to give best Q1 since 2013.

wiiw raises 2021 CEE growth forecast to 3.8%

Robert Anderson in Prague April 16, 2021

But pandemic has delayed restart of convergence with Western Europe until 2023.

Junior ruling partner in Romania withdraws support for prime minister

bne IntelliNews April 15, 2021

The conflict between the two major partners in Romania’s ruling coalition reached a climax when Prime Minister Florin Citu dismissed the USR-PLUS health minister.

Next steps for Romania’s Fondul Proprietatea

Clare Nuttall in Glasgow April 10, 2021

It’s ten years since Fondul Proprietatea listed on the Bucharest Stock Exchange. bne IntelliNews looks at what’s next, including the upcoming IPO of its largest portfolio company, Hidroelectrica.

Romgaz is sole bidder for ExxonMobil’s stake in Black Sea project

Iulian Ernst in Bucharest April 6, 2021

Romgaz seeks to buy ExxonMobil's stake in the Neptun Deep offshore gas field.

Romania’s retail sales growth moderates to 1.5% y/y in Jan-Feb

bne IntelliNews April 6, 2021

Romania's retail sales index increased by 1.5% y/y in January-February compared to the same period last year — softer growth than previously but still positive despite the worsening of the pandemic in early 2020.

CEE reels as third wave of COVID-19 breaks

bne IntelliNews April 3, 2021

A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.

IKEA’s New Europe Empire

bne IntelliNews April 3, 2021

Getting an IKEA store is a good guide to how developed a country is. And the Swedish furniture store has an uncanny knack for opening their yellow and blue stores exactly at the beginning of a country's rapid growth phase.

Romanian smartphone producer Allview prepares for listing

Iulian Ernst in Bucharest March 31, 2021

Allview to follow smaller peer iHunt onto the Bucharest Stock Exchange to finance its development plans.

Romanian online retailer eMAG announces €650mn expansion plan and new CEO

Iulian Ernst in Bucharest March 30, 2021

eMAG to invest in regional expansion and developing its logistics and online marketplace.

BRICKS & MORTAR: An outstanding year ahead for Romania’s industrial space market

Iulian Ernst in Bucharest March 29, 2021

Low vacancy rate to drive further development of Romania’s industrial real estate market that CBRE expects to grow by 50% within five years.

Romanian software robot developer UiPath announces NYSE IPO

Iulian Ernst in Bucharest March 29, 2021

UiPath's latest financing round in February put the company's value at $35bn and the issue should be one of the largest on the NYSE this year.

Impact of global chip shortage on carmakers spreading across Eastern Europe, Turkey and Central Asia

bne IntelIiNews March 26, 2021

Production plants forced into stoppages after pandemic-led surge in demand for electronics from locked down populations squeezes semiconductor supplies.

Romania’s top 50 brands lose 3.7% of their value

Iulian Ernst in Bucharest March 26, 2021

Automaker Dacia continues to top the Brand Finance Romania 50 ranking but pharmacy chains have climbed since the start of the pandemic.

Plans for higher water taxes threaten to push down Hidroelectrica valuation ahead of IPO

Iulian Ernst in Bucharest March 25, 2021

Romanian hydropower group Hidroelectrica could pay 55% higher taxes for the water it uses under amendments currently under debate in the parliament.

Weekend of protests against corona restrictions in Southeast Europe

bne IntelliNews March 21, 2021

Protesters express anger against tighter restrictions and vaccinations as well as a broad range of local issues in Southeast European cities.

MITTELEUROPEAN INSIGHTS: Central and Southeastern Europe head for a V-shaped recovery

Gunter Deuber and Nicolae Covrig of Raiffeisen Research in Vienna and Bucharest March 19, 2021

The moderate GDP setbacks in 2020 imply that for some CEE countries there will not be such drastic recovery and rebound effects in 2021 as in hard-hit countries in Western Europe.

Romanian furniture and home decor e-retailer Vivre to issue €7mn bonds

bne IntelliNews March 19, 2021

Romania-based Vivre Deco is one of the largest online home and decor retailers in Central and Eastern Europe.

Bulgaria the latest to announce lockdown as new COVID-19 wave descends on Southeast Europe

bne IntelliNews March 18, 2021

Over 4,000 COVID-19 cases daily are being reported in Bulgaria, Romania and Serbia, putting hospitals under strain.

Rising inflation in Emerging Europe poses dilemma for central banks

bne IntelliNews March 17, 2021

With economies primed to rebound as pandemic restrictions are loosened, consumer prices could rise even further, reawakening an issue that has long been ignored.