Romania

Romanians gripped by cryptocurrency euphoria during the pandemic

Alexandru M. Tanase and Mihai Radoi April 19, 2021

The euphoria of the 1990s is back as small investors ignore the risks and dream of getting rich overnight.

Romania’s construction works down 0.6% in 2M21

bne IntelliNews April 18, 2021

Better performance in February and strong growth in civil engineering failed to counter sluggish January.

Romania’s Chimcomplex issues new shares as it prepares for Warsaw listing

Iulian Ernst in Bucharest April 18, 2021

Romania’s biggest chemical group plans to join its main regional rival Polish group PCC on the Warsaw Stock Exchange.

S&P raises Romania’s outlook to stable as fiscal risks recede

Iulian Ernst in Bucharest April 17, 2021

Romania’s new government rolled back a costly 40% pensions hike that would have prompted rating agencies to downgrade the country to junk.

M&A hits €8.5bn in CEE in Q1, says Mergermarket

bne IntelliNews April 16, 2021

Trend towards bigger deals and more fund investment continues, as deal value rises by half to give best Q1 since 2013.

wiiw raises 2021 CEE growth forecast to 3.8%

Robert Anderson in Prague April 16, 2021

But pandemic has delayed restart of convergence with Western Europe until 2023.

Junior ruling partner in Romania withdraws support for prime minister

bne IntelliNews April 15, 2021

The conflict between the two major partners in Romania’s ruling coalition reached a climax when Prime Minister Florin Citu dismissed the USR-PLUS health minister.

The new no 1 in Romania’s private medical sector

Clare Nuttall in Glasgow April 11, 2021

Regina Maria overtook rival MedLife to become the biggest player in the Romanian private medical services market. Private equity backer Mid Europa Partners plans to build it up further.

Next steps for Romania’s Fondul Proprietatea

Clare Nuttall in Glasgow April 10, 2021

It’s ten years since Fondul Proprietatea listed on the Bucharest Stock Exchange. bne IntelliNews looks at what’s next, including the upcoming IPO of its largest portfolio company, Hidroelectrica.

Romgaz is sole bidder for ExxonMobil’s stake in Black Sea project

Iulian Ernst in Bucharest April 6, 2021

Romgaz seeks to buy ExxonMobil's stake in the Neptun Deep offshore gas field.

Romania’s retail sales growth moderates to 1.5% y/y in Jan-Feb

bne IntelliNews April 6, 2021

Romania's retail sales index increased by 1.5% y/y in January-February compared to the same period last year — softer growth than previously but still positive despite the worsening of the pandemic in early 2020.

CEE reels as third wave of COVID-19 breaks

bne IntelliNews April 3, 2021

A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.

IKEA’s New Europe Empire

bne IntelliNews April 3, 2021

Getting an IKEA store is a good guide to how developed a country is. And the Swedish furniture store has an uncanny knack for opening their yellow and blue stores exactly at the beginning of a country's rapid growth phase.

Romanian smartphone producer Allview prepares for listing

Iulian Ernst in Bucharest March 31, 2021

Allview to follow smaller peer iHunt onto the Bucharest Stock Exchange to finance its development plans.

Romanian online retailer eMAG announces €650mn expansion plan and new CEO

Iulian Ernst in Bucharest March 30, 2021

eMAG to invest in regional expansion and developing its logistics and online marketplace.

BRICKS & MORTAR: An outstanding year ahead for Romania’s industrial space market

Iulian Ernst in Bucharest March 29, 2021

Low vacancy rate to drive further development of Romania’s industrial real estate market that CBRE expects to grow by 50% within five years.

Romanian software robot developer UiPath announces NYSE IPO

Iulian Ernst in Bucharest March 29, 2021

UiPath's latest financing round in February put the company's value at $35bn and the issue should be one of the largest on the NYSE this year.

Impact of global chip shortage on carmakers spreading across Eastern Europe, Turkey and Central Asia

bne IntelIiNews March 26, 2021

Production plants forced into stoppages after pandemic-led surge in demand for electronics from locked down populations squeezes semiconductor supplies.

Romania’s top 50 brands lose 3.7% of their value

Iulian Ernst in Bucharest March 26, 2021

Automaker Dacia continues to top the Brand Finance Romania 50 ranking but pharmacy chains have climbed since the start of the pandemic.

Plans for higher water taxes threaten to push down Hidroelectrica valuation ahead of IPO

Iulian Ernst in Bucharest March 25, 2021

Romanian hydropower group Hidroelectrica could pay 55% higher taxes for the water it uses under amendments currently under debate in the parliament.

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