National Bank of Romania says it needs more clarity from the government before making rate hikes that should be coordinated with fiscal consolidation — which PM Florin Citu has yet to announce.
Romania’s retail sales index increased by 12.0% y/y in June.
CEE lender cites region’s outstanding resilience during the pandemic and the expected positive impact from the EU’s recovery fund.
Analysts widely suspect Iran and Israel are involved in an undeclared shadow war in which they carry out attacks on each other's vessels. This war appears to be escalating
Southeast Europe is suffering under a heatwave that has sent temperatures soaring to 40°C or higher.
Prices elevated by a combination of demand for electricity for cooling and an outage at one of the reactors of Romania’s nuclear power plant.
Deutsche Telekom is selling its 54% stake in Romanian fixed line operator Telekom Romania Communications to Orange’s local subsidiary.
Canadian mining company Gabriel Resources, which has a mining licence for Rosia Montana, sued the Romanian government after it asked for the area to be added to the UNESCO world heritage list.
The EU on 14 July unveiled the details of its proposed Carbon Border Adjustment Mechanism, which aims to protect EU CO2 emitters from carbon leakage by making exporters to the EU market pay for the CO2 they produce.
Air Claim helps passengers get compensation for flights that are canceled or delayed.
With the delta variant starting to spread in Southeast Europe, officials are warning of a new wave of the pandemic that may put pressure on hospitals as early as August or September.
The world’s largest global debt and equity investors are continuing to invest in renewable energy despite the pandemic, driven by the wealth of investment opportunities, the Institute for Energy Economics and Financial Analysis said.
Strong recovery after spring 2020 lockdowns partly driven by demand for houses and rural properties, but prices remain among the lowest in Europe.
Highly critical European Commission report issued as Sofia tries to sack chief prosecutor Ivan Geshev, who has thwarted efforts by the caretaker government to investigate top-level corruption. Shortcomings reported in other SEE EU members.
Florin Citu says GDP growth could hit 10% in 2021 as he heads into party leadership campaign.
The first half was particularly strong in the mid-market and smaller-ticket segment.
The Bucharest Stock Exchange's blue chip BET index crossed the 12,000 points threshold for the first time on July 13 and ended the week at 12,026.
Romania’s current account balance and foreign direct investment figures reveal a sharp increase in the country’s external deficit balanced by stronger FDI.
Romanian workers have abandoned construction sites to return to jobs in Spain, while rural workers are leaving for seasonal jobs abroad, at the same time as local and foreign investors plan to set up new manufacturing facilities.
The return to normal for Romania means the return to wide trade deficits and the so-called “revenge spending” in the post-crisis period only smooths the return to that unsustainable path.