Romania
Romania’s industry contracts for the first time in 10 years
Romania’s industrial production plunged by 6.6% y/y in June, dragging down the quarter’s performance to negative 1.7% y/y as the production of traditionally robust industrial sectors disappointed.
CEE economies are weakening but domestic demand offsets Eurozone slowdown
GDP growth figures from the second quarter of this year were down on the first quarter but showed that growth was still being supported in Central and Eastern Europe by domestic demand that has gone some way to offsetting an EU slowdown.
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Romania’s GDP maintains robust 4.4% y/y growth in Q2
The figures confirm the improvement in the industrial and construction sectors in Q2, compared to their more sluggish performances in Q1, when growth was driven by private consumption.
COMMENT: Romania's inflation above 4% again
At 4.1% y/y, Romania's July inflation will probably be the highest print for the year, ING analysts write.
Serbia the latest country to report African swine fever as global epidemic spreads in Eastern Europe
Serbia became the latest country to see its pigs fall victim to African swine fever (ASF) on August 12, when the Paris-based World Organisation for Animal Health (OIE) announced four outbreaks in the Balkan country.
Romania’s trade gap narrows by 13% y/y in Q2
Import growth slows despite continuing strong rise in household incomes.
CEE monthly bond wrap: Summer doldrums afflict Russian bond issue, but CE raises large amounts
The emerging markets (EM) bond markets are well into their summer slowdown. There were virtually no bond issues from Russia at all in July but Central Europe saw $6.4bn of issues
Romania’s ruling coalition at risk ahead of presidential election
The ruling PSD and its junior partner ALDE are fielding rival candidates and things are already getting acrimonious.
PwC says Romania’s media and entertainment market to hit $3bn in 2019
Adoption of personalisation and digitisation technologies to lead to aggressive competition and a wave of investment in innovation.
Romania's public health system jammed for three weeks by IT malfunction
Health Minister Sorina Pintea claims national health insurance house CNAS has "blocked the system" with excessive bureaucracy, and called for anti-corruption prosecutors to investigate.
Romania’s government disputes Eurostat's 4.5%-of-GDP Q1 budget deficit figure
Eurostat says Romania's budget deficit in the first half of this year was the highest across the EU, but the Romanian government says the figure will be lower for the full year.