FintechOS’ €51mn Series B round accounted for a substantial share of the investments in 2021.
Turkish growth is expected to slow to 3.5% this year, from a forecast 9.5% in 2021, while for Russia, GDP growth is forecast to slow to 2% from 4.5%.
The latest poll of CFA Society Romania members in December revealed a slightly more optimistic sentiment than in the previous month.
Dealmaking returns to pre-pandemic levels as confidence recovers and low interest rates and big cash piles push up valuations.
As pandemic's impact on retail sector recedes, Primark continues CEE expansion with plans to open new stores in Poland and Slovakia as well as Romania.
Both Nato and the governments in Bucharest and Sofia have firmly rejected Russia’s request that Nato forces withdraw from countries that joined after 1997.
Coalition of rivals installed in Bucharest faces challenges of rising inflation and decline in industrial production.
€350mn bond issue and €225mn capital increase to finance relaunch of chemical production lines.
Annual inflation reached 8.2% y/y in December and energy prices contributed more than half.
A group of sustainable investors has urged the EU to exclude gas from the new the EU Taxonomy green investment classification system.
The average net wage in Romania rose by 2.8% m/m in November to €736.5 in one of the highest monthly increases over the past couple of years.
Abu Zubaydah is reportedly still in Guantanamo Bay, where he has been held without being charged for the past two decades.
New CEO Ladislav Bartonicek is reported to be selling Home Credit Russia as part of the investment group's shift to more mature markets.
The 25bp rate hike was smaller than analysts anticipated, and left Romania with the lowest refinancing rate among its peers.
Romania’s retail sales increased by 5.0% y/y in November, but detailed, seasonally-adjusted data and filtering out base effects reveals sales have stagnated since May 2021.
The rate hike in Poland earlier this week encouraged expectations for a similar move in Bucharest, where the BNR has been more cautious until now.
Founded by two Romanian entrepreneurs, Tremend is one of the fastest-growing and largest independent software engineering companies in Central and Eastern Europe.
Commission says there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future.
Energy prices nearly doubled and this inflationary shock is spreading across the economy, eventually having an impact on consumer prices.
Soon after Southeast Europe emerged from the autumn wave of the pandemic, cases are already rising again as the Omicron variant spreads in the region.