Romania

Sofia-based LAUNCHub Ventures holds first close of new fund on €44mn

bne IntelliNews January 15, 2021

LAUNCHub Ventures aims to raise €70mn for the fund targeted at companies from Central and Southeast Europe in a range of tech sectors.

ING THINK: Growth in the Balkans: from zero to hero again?

Valentin Tataru and Trieu Pham of ING in Vienna January 14, 2021

ING reviews the main macroeconomic forecasts for Bulgaria, Croatia, Romania and Serbia. While the resurgence of coronavirus infections has dashed hopes for a rapid V-shaped recovery, 2021 should still be a good year.

Moldova fears flooding from Ukraine's planned Dniester hydropower plants

Iulian Ernst in Bucharest January 14, 2021

President Maia Sandu plans to ask to EU opinion on Kyiv's plans as environmental groups say existing HPPs are responsible for flooding in Moldova.

Romania’s industrial recovery paused in November

bne IntelliNews January 14, 2021

Romania's industrial production index edged down by 0.6% m/m in November after six months of recovery.

Sackings at Romania’s financial markets regulator after new chief pledges clean-up

Iulian Ernst in Bucharest January 13, 2021

Nicu Marcu was appointed by the parliament with a mandate to clean up the ASF after media reports of irregularities and conflicts of interest.

Romanian chatbot builder Druid completes $2.5mn series A financing round

bne IntelliNews January 13, 2021

Druid, one of the best-capitalised startups in Romania, has a global partnership with Romanian-born robotic processing automation leader UiPath.

Romania’s trade gap keeps widening, although at a slower pace

bne IntelIiNews January 12, 2021

Romania’s imports have decreased at a slower rate compared to exports since the crisis emerged in early 2020, but the foreign trade gap has continued to widen.

Romania’s stock exchange close to pre-crisis peak after strong rally

Iulian Ernst in Bucharest January 11, 2021

The blue-chip BET index topped 10,000 points again, after the upward trend at the beginning of last year was interrupted by the COVID-19 pandemic.

BRICKS & MORTAR: Rosier future beckons for CEE retailers after year of change and disruption

Clare Nuttall in Glasgow January 10, 2021

A gloomy start to 2021, but labour markets and purchasing power in the CEE region are in much better shape than after the 2008 financial crisis, indicating retail will bounce back from the coronacrisis, says Colliers.

Non-food retail sales in Romania nearly 10% above pre-crisis peak

bne IntelliNews January 8, 2021

The steady improvement in the retail sales index shows healthy consumer confidence supported by the robust real wage growth and still moderate unemployment rates.

Romania’s eMAG marketplace launches online financing

bne IntelliNews January 8, 2021

Romania's biggest online retailer is offering a full online financing option to customers in partnership with Idea::Bank and IT companies FintechOS and Bitnovel.

Romanian private pension funds return to robust growth

Iulian Ernst in Bucharest January 8, 2021

The weighted average rate of return for mandatory private pension funds rose to nearly 4.9% in November, but the private pension funds market in Romania remains underdeveloped.

Storming parliaments: New Europe's greatest hits

bne IntelliNews staff January 7, 2021

The US has been rocked by the storming of the Capitol by Trump supporters. But in New Europe, protesters storming parliament buildings is a common experience.

Romanian crowdfunding platform SeedBlink becomes crucial financing tool for local startups

bne IntelliNews January 6, 2021

Seedblink facilitated 26 of the 54 financing rounds for local startups in Romania last year, and was used by over 3,000 investors from 12 countries.

FDI inflows to CEE down 58% in 1H20 but rebound expected

bne IntelliNews January 5, 2021

Czechia, Latvia, Poland and Slovenia bucked the global trend of falling greenfield investment, while negative FDI flows to Russia dragged down the region’s performance, wiiw report shows.

Renewables assets change hands in Romania as energy companies look to green future

Iulian Ernst in Bucharest January 4, 2021

Demand for wind and solar parks is growing in Romania, where Hidroelectrica and Engie Romania snapped up local renewables assets in December.

Romania’s new government announces austerity measures

Iulian Ernst in Bucharest January 3, 2021

PM Citu plans tight income measures supportive of the 7%-of-GDP budget deficit target alongside further support for companies and employees hit by the coronavirus crisis.

Metro outsources IT divisions including METRO Systems Romania to India’s Wipro

bne IntelliNews January 3, 2021

More than 1,300 employees across Germany, Romania and India will be transferred to Bengaluru-based Wipro.

Romania’s new government led by Florin Citu takes office

bne IntelliNews December 24, 2020

Former finance minister Citu heads a three-party centre-right coalition.

Romanian software provider Tremend gets €25mn contracts from EU institutions

bne IntelliNews December 18, 2020

Tremend is now involved in ten major projects in areas such as education, public governance and communication with citizens.

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