Romania

bneGREEN: EU takes carbon pricing initiative with CBAM

bne IntelliNews July 27, 2021

The EU on 14 July unveiled the details of its proposed Carbon Border Adjustment Mechanism, which aims to protect EU CO2 emitters from carbon leakage by making exporters to the EU market pay for the CO2 they produce.

Shares of Romanian startup Air Claim nearly double in price on BVB after listing

bne IntelliNews July 26, 2021

Air Claim helps passengers get compensation for flights that are canceled or delayed.

Looming new coronavirus wave prompts vaccination push in Southeast Europe

bne IntelliNews July 24, 2021

With the delta variant starting to spread in Southeast Europe, officials are warning of a new wave of the pandemic that may put pressure on hospitals as early as August or September.

bneGREEN: Global investors turn to green energy and away from fossil fuels

Richard Lockhart in Edinburgh July 21, 2021

The world’s largest global debt and equity investors are continuing to invest in renewable energy despite the pandemic, driven by the wealth of investment opportunities, the Institute for Energy Economics and Financial Analysis said.

BRICKS & MORTAR: Residential real estate markets bounce back in Southeast Europe

bne IntelliNews July 21, 2021

Strong recovery after spring 2020 lockdowns partly driven by demand for houses and rural properties, but prices remain among the lowest in Europe.

European Commission slams Bulgaria on rule of law, Slovenia on media freedom

Denitsa Koseva in Sofia, Iulian Ernst in Bucharest, Valentina Dimitrievska in Skopje July 20, 2021

Highly critical European Commission report issued as Sofia tries to sack chief prosecutor Ivan Geshev, who has thwarted efforts by the caretaker government to investigate top-level corruption. Shortcomings reported in other SEE EU members.

Romania’s PM bullish expectations may put fiscal consolidation at risk

Iulian Ernst in Bucharest July 20, 2021

Florin Citu says GDP growth could hit 10% in 2021 as he heads into party leadership campaign.

CEE dealmaking back at pre-COVID levels in H1, says Mergermarket

bne IntelliNews July 19, 2021

The first half was particularly strong in the mid-market and smaller-ticket segment.

Romania’s bourse over 30% above pre-crisis peak

Iulian Ernst in Bucharest July 19, 2021

The Bucharest Stock Exchange's blue chip BET index crossed the 12,000 points threshold for the first time on July 13 and ended the week at 12,026.

Romania’s current deficit up 85% y/y in January-May, FDI surges 3.2 times

Iulian Ernst in Bucharest July 16, 2021

Romania’s current account balance and foreign direct investment figures reveal a sharp increase in the country’s external deficit balanced by stronger FDI.

Recovery piles upward pressure on Romanians’ low wages

Iulian Ernst in Bucharest July 13, 2021

Romanian workers have abandoned construction sites to return to jobs in Spain, while rural workers are leaving for seasonal jobs abroad, at the same time as local and foreign investors plan to set up new manufacturing facilities.

Romania’s foreign trade returns to pre-crisis rising trend

bne IntelliNews July 13, 2021

The return to normal for Romania means the return to wide trade deficits and the so-called “revenge spending” in the post-crisis period only smooths the return to that unsustainable path.

bneGREEN: EU carbon pricing set for radical reforms

Richard Lockhart in Edinburgh July 13, 2021

The European Commission is to publish legislation on July 14 that will detail the EU’s plans, dubbed “Fit for 55,” to reduce greenhouse gas emissions by 55% from 1990 levels by 2030 as part of wider reforms to European energy and climate laws.

Romanian premier dismisses minister of finance

bne IntelliNews July 9, 2021

Prime Minister Florin claims Nazare's ministry lags behind on a large number of projects.

bneGREEN: CEE surfs the green bond wave

Robert Anderson, and bne IntelliNews reporters July 9, 2021

Issuance has been impressive but in some countries green bonds are still to get off the ground, while in others there is a shortage of high-yield, local currency or 'dark green' issues.

wiiw raises its GDP forecast for 20 out of 23 countries in CEE

bne IntelliNews July 8, 2021

The Vienna Institute for International Economic Studies has raised its GDP growth forecasts for 20 out of 23 countries in Central and Eastern Europe as the coronavirus (COVID-19) pandemic starts to recede.

bneGREEN: What is green?

bne IntelliNews July 6, 2021

Defining green energy and indeed green investments is not an exact science, Determining just how green each of the various energy sources are gets complicated once you start digging into the details.

Romania’s stock exchange outperforms Western peers as index hits all-time high

Iulian Ernst in Bucharest July 6, 2021

The Bucharest Stock Exchange’s blue-chip index BET has increased by almost 22% since the beginning of this year, double the 10.5% growth recorded by the LSE’s FTSE 100.

Romania’s industrial prices increased by 10.4% y/y in May

Iulian Ernst in Bucharest July 5, 2021

Industrial prices leapt by just over 2% m/m in May and kept recovering in line with the reopening of the global economy.

Changing world gives agrifood tech a boost in Romania

Clare Nuttall in Glasgow July 4, 2021

Agrifood tech is poised to grow in Romania, which combines one of Europe’s largest agricultural areas with a strong IT sector, say the authors of a new report on the sector.

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