Romania
Czech companies dominate Deloitte CE Tech Fast 50 — but new destinations emerge
Ranking of fastest growing CEE tech companies led by Lithuania’s Voltas IT includes 31 new entrants reflecting hyper rapid pace of tech sector development in the region.
CONFERENCE CALL: Decline of the West and rise of the rest
It was 30 years ago that the Berlin Wall came down, ushering in hopes of a united, peaceful and prosperous world. Today the world is unpredictable and moving towards a new division between East and West. How did we get here?
Romania’s City Insurance aims to be largest local player in Central, Southeast Europe
Romania’s largest insurance firm City Insurance has long-range ambitions to become the largest regional player, but first it sees huge potential in its home market amid the emergence of Romania’s middle class.
Romania’s government overthrown by no-confidence vote
Romania's largest opposition party the PNL says it's ready to form a new government, but cannot yet count on a majority in the parliament.
M&A deals decline in Central, Southeast and Eastern Europe in 1H19
Fall in volume and value of deals revealed in CMS/Mergermarket report is in line with decline seen across Europe as economic slowdown, Brexit uncertainty and global trade wars hit sentiment.
Wages in Romania maintain robust growth around 10% y/y in August
Despite the rapid — and unsustainable — rise in wages, many Romanians including one in three children remain in poverty.
Romania’s retail sales up 6.7% y/y in August
Strong increase in August heralds a certain strengthening of the sales index in the third quarter of the year after it weakened to 5.4% y/y in Q2.
Prosecutors seize €34.5mn of Air Moldova assets including two aircraft
Anti-corruption prosecutors say seizure is connected to a money laundering case concerning the privatisation of Air Moldova last year.
Romania’s opposition prepares to overthrow government, but no PM-designate in sight yet
While the opposition seems to have consolidated sufficient support in parliament to win the no-confidence vote, it does not have the necessary coherence to replace Viorica Dancila's cabinet with a new government.
Romanian stock market's elevation to emerging status opens up a diverse market
From banks and bevvies to tacos and telcos, a series of IPOs in recent years have ensured the Bucharest Stock Exchange’s main BET index represents a wide range of growing sectors.
European Parliament committee rejects Hungarian, Romania commissioners-designate
In an unprecedented development, MEPs Rovana Plumb and Laszlo Trocsanyi were rejected by the European Parliament Committee on Legal Affairs over conflicts of interest.
FTSE Russell raises Romania to secondary emerging market status
Finance Minister Eugen Teodorovici welcomes decision from FTSE Russell that puts Romania among "select club of high profile exchanges" and is expected to result in inflow of investment.
Moldova signs €264mn funding package to connect to Romania’s power grid
Project is of critical importance for the diversification of Moldova’s electricity supply — but highlights the need for more generation capacity in Romania.
Romanian central bank launches FinTech Innovation Hub project
Move comes as the Payment Services Directive compels banks to open up their customer data to third party firms, giving non-banking firms the chance to compete with banks in the payments business.
Israeli software company DriveNets to set up development centre in Romania
Tellence, a local provider of high-tech software and engineering services, will create the centre.
Huawei initiates talks to prevent 5G ban in Romania
A ban on telecoms companies using Huawei's products in Romania's 5G licenses auction is seen as likely after Romania signed a memorandum on safe 5G networks with the US