S&P downgrades Romania’s outlook to negative amid fiscal slippage

Iulian Ernst in Bucharest December 12, 2019

No major consolidation policies have been announced by the new government, and it can't afford to curtail a promised rise in pensions as Romania heads for local and parliamentary elections in 2020.

Romanian startup gets $14mn financing to help banks compete with fintech

Iulian Ernst in Bucharest December 11, 2019

FintechOS will use the fresh capital to continue its expansion across Europe, South East Asia and the US and maintain the 450% ARR recorded in 2019.

BUCHAREST BLOG: New faces, new policies, but the same old uncertainty

Clare Nuttall in Glasgow December 5, 2019

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 investors drive Romania’s IT industry

bne IntelliNews December 5, 2019

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.

CEE “brimming with opportunities” in renewables — and airports

bne IntelliNews December 3, 2019

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.

Major Romanian cable operator RCS&RDS to purchase key rival

bne IntelliNews December 2, 2019

RCS&RDS will start by using the Digital Cable Systems and AKTA Telecom networks, with the assets to be purchased later.

Romania’s new government runs out of time as investors expect fiscal reforms

Iulian Ernst in Bucharest December 2, 2019

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.

Romania’s new government to revise 2019 budget to address “dire” public finances

bne IntelliNews November 26, 2019

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.

Romania’s President Iohannis wins another term

bne IntelliNews November 25, 2019

Iohannis’ reelection calms the political scene in Romania — for the short term — but parties are already positioning themselves for next year’s general election.

Romanian president heads toward second term

Iulian Ernst in Bucharest November 22, 2019

Polls show the centre-right incumbent Klaus Iohannis will defeat recently-ousted prime minister Viorica Danicla convincingly.

COMMENT: Romania’s achievements and challenges. Quo vadis?

Alexandru M. Tanase in London November 19, 2019

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.

Romania’s construction market maintains solid growth in Q3

Iulian Ernst in Bucharest November 18, 2019

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.

Romania’s industrial production sees sharpest correction in past decade

bne IntelliNews November 14, 2019

Industrial output contracted by 3.6% y/y in Q3, which was the sharpest decline seen since the 2008-2009 recession.