ING expects fiscal measures to dampen growth in Romania

Iulian Ernst in Bucharest September 22, 2023

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

bne IntelliNews September 21, 2023

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

bne IntelliNews September 21, 2023

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

by Roberta Harrington in Los Angeles September 20, 2023

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

Iulian Ernst in Bucharest September 20, 2023

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

bne IntelliNews September 19, 2023

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

Wojciech Kosc in Warsaw September 18, 2023

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

bne IntelliNews September 17, 2023

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

bne IntelliNews September 14, 2023

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

bne IntelliNews September 14, 2023

International rating agency Fitch expects a long period of disinflation until 2025.

Romania’s industry is losing ground despite marginal advance in July

bne IntelliNews September 14, 2023

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

Wojciech Kosc in Warsaw September 13, 2023

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

bne IntelliNews September 13, 2023

Romania’s public debt decreased by RON6.25bn in June to at the end of the month.

Romanian startup Druid raises $30mn in series B round

bne IntelliNews September 13, 2023

Funding to help Druid accelerate its international expansion, particularly in the US market.

Romania sells €3bn Eurobonds to cover growing financing needs

Iulian Ernst in Bucharest September 12, 2023

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

bne IntelliNews September 11, 2023

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

bne IntelliNews September 8, 2023

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

Iulian Ernst in Bucharest September 8, 2023

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

Iulian Ernst in Bucharest September 7, 2023

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

bne IntelliNews September 7, 2023

Moldovan fintech breaks into the EU market with expansion into neighbouring Romania.