Romania’s new government is preparing to undo some of the measures taken by its predecessors that dismayed investors, but with a shaky majority and elections already looming the scope for improvements is limited.
Foreign owned companies generate three quarters of the revenues in Romania’s IT industry and drive the market up based on rising exports that account for 80% of the industry’s turnover, finds industry association ANIS.
In a sign of the complex politics surrounding climate change, CEE has huge opportunities for investment into two growth areas: renewable energy and airports, finds a new study by law firm CMS.
RCS&RDS will start by using the Digital Cable Systems and AKTA Telecom networks, with the assets to be purchased later.
PM Ludovic Orban will honour the wage and pension hikes promised by his predecessor — but ministers have not yet explained how they will be financed.
Deficit expected to come in at as much as 4.1-4.3% of GDP, as new centre-right government prepares emergency decree revising this year’s budget.
Iohannis’ reelection calms the political scene in Romania — for the short term — but parties are already positioning themselves for next year’s general election.
Polls show the centre-right incumbent Klaus Iohannis will defeat recently-ousted prime minister Viorica Danicla convincingly.
30 years after Romania started its post-socialist transition, there are many urgent tasks ahead. Most likely another three decades will be needed to rebalance the macroeconomic disequilibria and put things right.
The growth in the volume of construction works in Romania accelerated to 35.4% y/y in Q3, as the sector turns into a significant growth driver.
Industrial output contracted by 3.6% y/y in Q3, which was the sharpest decline seen since the 2008-2009 recession.
Romania’s exports of goods increased by only 0.5% y/y to €17.0bn in Q3, which was the weakest performance in the past seven years.
Klaus Iohannis seen heading for victory in the runoff in two weeks time, which will reinforce the new government headed by the centre-right PNL.
If half of the governance gap between Central Europe and the G7 countries was closed, income convergence would be brought forward by almost a generation, says EBRD chief economist Beata Javorcik in an interview with bne IntelliNews.
30 years after the fall of the Berlin Wall the new EU members haven’t yet caught up with Western Europe — but they are drawing level with the Southern European states that were battered by the international economic crisis.