How a dispute over language reflects cultural and political divisions in a country squeezed between Russia and Western Europe.
Corruption is a serious problem throughout emerging Europe, but there are questions about whether the focus on perceptions of corruption is the best way to evaluate the effectiveness of a country’s anti-corruption efforts.
It is now over a year since the Romanian government, in December 2018, unexpectedly introduced draconian taxes across different sectors, which sent equities into a spin. Yet it finished the year with a 39% return on equities.
Stock exchange may be rallying but the data on why is just not available to investors playing these murky markets.
No-one wants to rain on the parade, but it would be folly to ignore the “debt volcano” and a competition probe into Turkish banks launched by officials of an administration that “needs some cash”.