Romania

US pledges up to €1bn for EU's eastern Three Seas region

Linas Jegelevicius in Vilnius October 21, 2020

Pledge made at virtual summit as Washington seeks to counter Chinese influence in Central and Southeast Europe.

Soaring COVID-19 cases in parts of Central and Southeast Europe force governments to impose new restrictions

bne IntelliNews October 21, 2020

Emergency measures including shop closures in Czech Republic as it struggles with huge surge in new cases. Healthcare services under pressure across the region.

Value of Romanian video game industry surpasses $200mn

bne Intelliews October 21, 2020

Critical years are coming, when the local industry must prove its creative potential and produce original titles with international impact, says industry association the RGDA.

Romanian cybersecurity firm Safetech to list its shares after heavily oversubscribed private placement

Iulian Ernst in Bucharest October 20, 2020

Safetech closed a private placement for 20% of its shares within 37 seconds on October 19, with investors placing orders for 8.57 times more shares than the company had on sale.

Romanian company ready to deliver robots that kill coronavirus with UV light

bne IntelliNews October 19, 2020

Modulab's robots are able to kill pathogenic microorganisms including COVID-19 using UV-C radiation.

Czech-born cyber security giant Avast opens office in Romania

bne IntelliNews October 19, 2020

Avast established its Romanian headquarters in the eastern city of Iasi, a popular destination for international tech companies.

CEE-4 growth pulls ahead of the rest of Europe

bne IntelliNews October 10, 2020

After two and half decades as members of the EU, the leading four Central European countries of Czechia, Hungary, Poland and Romania are pulling ahead of their peers, but remain vulnerable thanks to their reliance on the automotive sector.

CEE second wave threatens to stifle recovery warn Fitch Solutions analysts

bne IntelliNews October 1, 2020

CEE economies have weathered the crisis better than their western peers, but a second wave threatens to stifle demand and add to political volatility.

The EU summit puts its credibility on the line

Ben Aris in Berlin October 1, 2020

The EU’s credibility was on the line as delegates met on October 1 in Brussels for a two-day summit to discuss a slew of headaches plaguing the Union.

Czechia and Slovakia declare states of emergency to tackle coronavirus second wave

bne IntelliNews October 1, 2020

Central and much of Southeast Europe have seen new COVID-19 cases soar amid autumn second wave.

BRICKS & MORTAR: The office isn’t dead but it is evolving

Clare Nuttall in Glasgow September 29, 2020

The coronavirus pandemic has had a seismic effect on the real estate sector, and the office segment is no exception.

Bucharest mayoral race win puts reformist USR in strong position ahead of general election

Iulian Ernst in Bucharest September 28, 2020

Exit polls and partial results show Save Romania Union and its ally Plus are heading for victory in local elections in several first-tier cities, as they become a major force in Romanian politics.

Romania at high risk of downgrade to junk

Iulian Ernst in Bucharest September 25, 2020

Fitch and Moody’s scheduled reviews of Romania’s creditworthiness this autumn, shortly after MPs backed 40% pension hike that could push budget deficit up to 11% of GDP.

BUCHAREST BLOG: Investors dismayed by Romania's budget-busting 40% pensions hike

Iulian Ernst in Bucharest September 24, 2020

Incredulity greets MPs’ decision to vote through massive pension increase that would have put unbearable pressure on Romania’s finances even before the coronavirus pandemic.

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