Romania
ING: Romanian year-end inflation above target band at 4%
At 4.0% y/y, December inflation came in slightly above our 3.9% forecast and market consensus. We believe that this will be the peak for many months to come.
Romania’s external debt rises on chronic wide CA gap
Romania’s current account deficit reached €10.7bn, nearly 4.9% of GDP, in the 12-month rolling period ending November, 22.7% up y/y.
Romanian PM backs president’s plans for early elections
Installed by a heterogenous group of parties and MPs, and with term elections looming towards the end of this year, the scope of Ludovic Orban’s government to take action on issues such as tackling Romania’s budget deficit is very limited.
OUTLOOK 2020 Romania
More political uncertainty ahead in Romania as the government mulls early elections, after adopting a budget that analysts warn is subject to multiple risks.
Romania’s M&A market hits 10-year record in 2019 finds Deloitte
110 M&A deals took place in Romania in 2019, with a estimated value of between €4.0bn and €4.4bn, according to consultancy firm Deloitte.
CAPITAL ECONOMICS: CEE growth comes off the boil in 2019, but loose money and strong demand will bolster growth in 2020
The European Commission’s batch of Economic Sentiment Indicators (ESIs) fell sharply in December, although they remain consistent with regional GDP growth holding steady at around 3.6% y/y in Q4. Robust domestic demand should help to cushion the blow
Romanian telecom group RCS&RDS reportedly plans €1bn bond issues in 2020
The company has financed its sharp expansion over the last few years by aggressive borrowing. It is now eyeing the mobile telecommunication operations of Deutsche Telekom in Romania.