Result will strengthen the position of Prime Minister Viorica Dancila, who aims to lead the ruling Social Democratic Party after its former leader was sent to prison.
The company will use the money attracted to develop its electronic product range under the iHunt brand. It is also preparing to enter foreign markets this year.
The ‘tipping point’ at which labour demand will become equal to labour supply is just two years away in the Czech Republic, Lithuania and Poland, says a new study from wiiw.
Amid the recent drama on Romania's political scene, nobody has paid any attention to a much more concerning trend: the fast increase of the Romanian foreign debt.
1.5% y/y growth of industrial production in April is far from the 5.2% figure envisaged by the government when forecasting 5.5% GDP growth this year.
Leaked letter from finance minister warns money to pay public sector salaries may run out before the end of the year.
Import growth reached double digits again in April, pushing the trade gap up by 36% y/y in the month.
Detailed data point at an excessive rise in private consumption, pushing up net imports at an intensity not seen since the 2007-2008 surge ended in recession.
Unemployment spiked after the 2008-2009 recession as industrial companies made redundancies in response to reduced activity, but the labour market has tightened dramatically in recent years.
PM Viorica Dancila sacks the head of the tax collection agency and appoints a high-profile insolvency lawyer as her economic advisor as budget deficit nearly doubles y/y in January-April.
Across the EU just 10mn of the 43mn diesel cars and vans caught in the Dieselgate scandal have been recalled, and recall rates are lowest in the eastern EU members, finds Transport & Environment.
Hungary’s OTP in, Greek banks out, and a new crop of privatisations coming up in Serbia and Slovenia.
PM Viorica Dancila announces steps aimed at re-establishing the credibility of the party, including with broad government and party reshuffles.
Liviu Dragnea, arguably Romania’s most powerful politician, has been ordered to surrender to the police today after receiving a final 42-month sentence from the high court.
PSD sees its share of the vote slump in European Parliament election, while voters resoundingly back a block on the party's controversial justice reforms.
Solo designers and small creative companies are producing sustainable fashion lines in Central and Eastern Europe, embracing new technologies to reduce the industry’s environmental footprint and insisting on good conditions for their workers.