Romania
ViennEast Compass: CESEE outlook, planning for new normal
There is no end to the COVID-19 pandemic in sight, but the new normal that will emerge could benefit the countries of Central Eastern and Southeastern Europe (CESEE), due to the new opportunities that will arise.
Misery vs death
The painful choice faced by poorer emerging European countries as they are forced to balance the risk to life of a new coronavirus spike with the economic and human cost of a second lockdown.
INTERVIEW: The long and painful path to a new normal
Romanian tech entrepreneur Radu Negulescu believes the early reopening of economies post-lockdown is self-defeating and forecasts years of hardship before the global economy finally rebounds.
Romania’s budget deficit hits 4.2% of GDP in H1
Deficit soared by 126% y/y to €9.4bn, but Finance Minister Florin Citu says Romania won't need IMF support.
Romania’s main cable operator gets permission to take over rival
RCS&RDS will take over three networks operated by its rival Digital Cable Systems ahead of a more complex planned takeover.
Romanian opposition plans no-confidence motion as rampant rise in COVID-19 cases threatens holidays, elections
The head of Romania's opposition PSD urged the government to come up with details about how it plans to address the coronavirus pandemic that "seems to have got out of control”.
Romanian PM promises €8bn-9bn investment and western partner for nuclear power plant expansion
Romania close to signing an agreement with "Euro-Atlantic partners" to complete the third and fourth reactors at the Cernavoda nuclear power plant, PM Ludovic Orban says after talks with China's CGN were scrapped.
Romanian RPA unicorn UiPath to hold IPO in 2021
The coronavirus pandemic brought this step closer, as the company’s profitability — a prerequisite for the IPO — has significantly improved, said co-founder Daniel Dines.
Dacia car plant in Romania risks quarantine as epidemic gains momentum
Number of COVID-19 infections exceeds the safety threshold in central Romanian auto-manufacturing cluster that includes Renault's Dacia factory.
EU leaders strike deal on post-coronavirus stimulus plan
European Union leaders reached agreement on a massive stimulus plan for the bloc’s economies in the early hours of July 21, after almost five days of intense talks.
Romania’s industrial output enters recovery mode in May
Industrial production rose by 15.1% m/m in May, partly recovering after the deep 27.9% dive in April.
$225mn funding values Romanian RPA unicorn UiPath at over $10bn
The funding was accelerated by the COVID-19 crisis, during which demand for software and automation robots exploded, said co-founder Daniel Dines.
Romania’s trade gap narrows in May despite weak exports
The foreign trade gap in Romania contracted by 15.6% y/y to €1.25bn in May, but the latest foreign trade numbers don’t bring much optimism.
COMMENT: The new Romanian leu 15 years on
The re-denomination of the Romanian leu in 2005 had lasting economic and emotional consequences for the population and for domestic and international markets.
ING Bank launches fashion marketplace in Romania
ING takes on Romanian online retailers Fashion Days and answear.ro, but plans international expansion for its DealWise platform.
Romania’s retail sales still 5.4% down y/y in May
Sales lag below 2019 level despite bouncing back in May from their plunge in April.
Microsoft sets up new development centre in Romania
The Movial office in Iasi will become the fourth technology development centre in the region for Microsoft.
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Romania’s Blue Air goes from flying high to seeking debt restructuring
Romania's biggest airline by the number of passengers transported has initiated a preventive agreement as it aims to avoid insolvency by restructuring its overdue debt worth over €100mn.