Romania

Romania’s opposition fails to overthrow government with no-confidence motion

Iulian Ernst in Bucharest June 19, 2019

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.

Romanian smartphone producer iHunt announces IPO plans

Iulian Ernst in Bucharest June 19, 2019

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.

Demographic “tipping point” imminent for CEE labour markets

Clare Nuttall in Glasgow June 17, 2019

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.

COMMENT: Romania reaches new historical levels of foreign debt

Alexandru M. Tanase in London June 17, 2019

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.

ING: Romania's current account looks bad

bne IntelliNews June 14, 2019

Romania’s industry maintains sluggish growth in April

Iulian Ernst in Bucharest June 14, 2019

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.

Romania’s government seeks more money as Bucharest municipality “nears bankruptcy”

Iulian Ernst in Bucharest June 12, 2019

Leaked letter from finance minister warns money to pay public sector salaries may run out before the end of the year.

Romania’s trade gap keeps widening as imports are particularly robust

bne IntelliNews June 11, 2019

Import growth reached double digits again in April, pushing the trade gap up by 36% y/y in the month.

Consumption pushes Romania’s GDP growth to 5% y/y in Q1

Iulian Ernst in Bucharest June 7, 2019

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.

Romania’s unemployment remains at past decades’ low

bne IntelliNews June 5, 2019

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.

Romania's budget deficit exceeds worst expectations

Iulian Ernst in Bucharest June 4, 2019

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.

"Dirty diesel" cars still on the roads in Central, Southeast Europe

bne IntelliNews May 31, 2019

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.

Southeast Europe’s banking sector gets new investor geography

Clare Nuttall in Glasgow May 30, 2019

Hungary’s OTP in, Greek banks out, and a new crop of privatisations coming up in Serbia and Slovenia.

Romanian PSD moves to fix image after former leader sent to prison for corruption

Iulian Ernst in Bucharest May 29, 2019

PM Viorica Dancila announces steps aimed at re-establishing the credibility of the party, including with broad government and party reshuffles.

Prison sentence for party leader caps disastrous day for Romania’s ruling PSD

bne IntelliNews May 27, 2019

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.

UPDATED: Double blow for Romania’s ruling PSD in justice referendum, European Parliament election

Carmen Simion in Bucharest May 27, 2019

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.

Eastern Europe's sustainable fashion designers embrace old traditions and new technologies

Clare Nuttall in Bucharest May 26, 2019

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.

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