Romania

Fondul Proprietatea selects investment banks for Hidroelectrica IPO

Iulian Ernst in Bucharest September 9, 2022

After years of delays, the IPO of Romania's largest electricity producer Hidroelectrica is expected by the end of June 2023.

Fears more Emerging Europe airlines to follow Romania’s stricken Blue Air

bne IntelliNews September 8, 2022

After surviving the pandemic thanks to generous government support, smaller airlines are now struggling with soaring fuel and labour costs.

Romania’s unexpected Q2 economic growth driven by services and piling-up inventory

Iulian Ernst in Bucharest September 8, 2022

Romania’s GDP increased by 5.3% y/y in Q2, driven by the services sector and a significant increase in inventory.

Eastern EU governments under pressure to act on rising living costs

bne IntelliNews September 7, 2022

Discontent is growing in Central and Southeast European countries that are suffering the highest inflation in the EU, pumped up by soaring food and energy prices.

Chaos at Bucharest airport as Blue Air flights grounded

bne IntelliNews September 7, 2022

Struggling low-cost carrier’s accounts frozen by Romania’s Ministry of Environment.

Soaring Central European wages fail to keep pace with inflation

Robert Anderson in Prague September 6, 2022

Oxford Economics says risk of wage-price inflationary spirals is “overblown”.

Romania’s retail sales resilient to inflation, up 2.5% y/y in July

bne IntelliNews September 6, 2022

Households’ purchasing power is being eroded by the rising inflation, but people keep spending as they expect even higher prices in future.

bneGREEN: Europe’s once-in-500-year drought threatens energy, food security

Richard Lockhart in Edinburgh August 25, 2022

Europe is facing its worst drought for 500 years, as the European Commission has warned that nearly half of the EU’s territory faces severe water shortages in August, as climate change has caused low rainfall levels and record-high temperatures.

Romanians least likely in the EU to read news online

bne IntelliNews August 24, 2022

Across the EU 72% of EU internet users aged 16-74 read online news sites, newspapers or news magazines, but only 59% of Romanians read news online.

ING: Double-digit eurozone inflation within touching distance and there is nothing the ECB can do about it

Bert Colijn, Carsten Brzeski August 23, 2022

Supply shocks continue to plague the eurozone economy, causing inflation to show few signs of abating in the short run.

What the 2024 US presidential election means for Emerging Europe

Clare Nuttall in Glasgow August 20, 2022

In the context of severely heightened security concerns across Emerging Europe, the 2024 US presidential election is already seen as a significant risk for the region.

bneGREEN: Europe pays spiralling LNG prices to fill storages

Richard Lockhart in Edinburgh August 18, 2022

Europe’s efforts to fill its gas reserves ahead of the coming winter could come with a hefty price tag, as global LNG price have reached up to 10 times their normal levels as the continent scrambles for available cargoes.

High energy prices force Romania’s biggest chemicals company to suspend operations

Iulian Ernst in Bucharest August 18, 2022

Chimcomplex reports 42% y/y decline in net profit in H1 as its business is hit by high electricity and natural gas prices.

Catalyst Romania backs e-store evoMAG to fund expansion

bne IntelliNews August 18, 2022

evoMAG raises its first major funding in 17 years as it pursues expansion in Romania and abroad.

Romania’s SeedBlink crowdfunding platform acquires Dutch peer

bne IntelliNews August 17, 2022

Deal to accelerate SeedBlink's coverage as a pan-European player, broadening its geographic footprint in CEE and Benelux.

Romanian energy companies report hike in profits

Iulian Ernst in Bucharest August 16, 2022

Two major Romania energy companies — natural gas and electricity producer Romgaz and nuclear power company Nuclearelectrica — have reported sharp hikes in their profits for the first half of 2022.

Romania’s public debt hits 50% of GDP at end-May

bne IntelliNews August 16, 2022

Romania’s public debt reached €124.3bn at the end of May after the government raised €1.75bn in the month with its third series of Eurobonds this year.

Romanian stock exchange reaches new record as BET-TR rises 5.7% ytd

bne IntelliNews August 12, 2022

Since the beginning of the year, BET-TR has grown by 5.71% ytd, recovering entirely from the fall caused by the war in Ukraine and deterioration in Romania's economic prospects.

Romania revises inflation outlook upwards on supply-side issues

Iulian Ernst in Bucharest August 10, 2022

Inflation expected to reach 13.9% in December as war in Ukraine keeps fuelling supply-side issues in some key commodity markets.

Shipping and agriculture suffer as drought causes dramatic fall in Danube

bne IntelliNews August 8, 2022

Water levels are critically low in Romania, which is both a major EU grain producer and a channel to export Ukrainian grain to international markets.

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