Romanian cybersecurity company Safetech floats shares amid rising investor interest

bne IntelliNews January 27, 2021

Safetech Innovations to start trading on the Bucharest Stock Exchange's AeRO market.

Romania government to pursue “ambitious” timetable for justice reforms

Iulian Ernst in Bucharest January 22, 2021

After securing a majority in parliament in December, Romania’s ruling centre-right parties are finally able to undo the damage done by previous governments’ efforts to stop the fight against corruption.

M&A in Central and Eastern Europe fell 16% in value in 2020, says CMS report

bne IntelliNews January 21, 2021

COVID-19 blighted dealmaking in 2020 but a strong Q4 indicates a sharp rebound this year.

Private finance mobilised by development banks up 9% to $175bn in 2019

bne IntelIiNews January 19, 2021

Multilateral development banks are already increasing the number of products that are offered to investors and redoubling efforts to address the lack of bankable transactions, says new report.

OUTLOOK 2021 Romania

bne IntelliNews January 18, 2021

Romania needs credible, farsighted and agile governance to address urgent vulnerabilities and capture the opportunities created by the European Union’s reconstruction plans.

Romania’s central bank cuts monetary policy rate by 25bp to 1.25%

Iulian Ernst in Bucharest January 18, 2021

Rate cut after inflation eased more than expected at the end of 2020 and predictability was enhanced by the quick formation of a new government.

Romanian construction companies' activity slows in November after intense 2020

bne IntelliNews January 18, 2021

Romania's construction work index increased by 7.8% y/y in November, a robust growth yet slower than in previous months of the year.

Sofia-based LAUNCHub Ventures holds first close of new fund on €44mn

bne IntelliNews January 15, 2021

LAUNCHub Ventures aims to raise €70mn for the fund targeted at companies from Central and Southeast Europe in a range of tech sectors.

ING: Growth in the Balkans: from zero to hero again?

Valentin Tataru and Trieu Pham of ING in Vienna January 14, 2021

ING reviews the main macroeconomic forecasts for Bulgaria, Croatia, Romania and Serbia. While the resurgence of coronavirus infections has dashed hopes for a rapid V-shaped recovery, 2021 should still be a good year.

Moldova fears flooding from Ukraine's planned Dniester hydropower plants

Iulian Ernst in Bucharest January 14, 2021

President Maia Sandu plans to ask to EU opinion on Kyiv's plans as environmental groups say existing HPPs are responsible for flooding in Moldova.

Romania’s industrial recovery paused in November

bne IntelliNews January 14, 2021

Romania's industrial production index edged down by 0.6% m/m in November after six months of recovery.

Sackings at Romania’s financial markets regulator after new chief pledges clean-up

Iulian Ernst in Bucharest January 13, 2021

Nicu Marcu was appointed by the parliament with a mandate to clean up the ASF after media reports of irregularities and conflicts of interest.

Romanian chatbot builder Druid completes $2.5mn series A financing round

bne IntelliNews January 13, 2021

Druid, one of the best-capitalised startups in Romania, has a global partnership with Romanian-born robotic processing automation leader UiPath.

Romania’s trade gap keeps widening, although at a slower pace

bne IntelIiNews January 12, 2021

Romania’s imports have decreased at a slower rate compared to exports since the crisis emerged in early 2020, but the foreign trade gap has continued to widen.

Romania’s stock exchange close to pre-crisis peak after strong rally

Iulian Ernst in Bucharest January 11, 2021

The blue-chip BET index topped 10,000 points again, after the upward trend at the beginning of last year was interrupted by the COVID-19 pandemic.

BRICKS & MORTAR: Rosier future beckons for CEE retailers after year of change and disruption

Clare Nuttall in Glasgow January 10, 2021

A gloomy start to 2021, but labour markets and purchasing power in the CEE region are in much better shape than after the 2008 financial crisis, indicating retail will bounce back from the coronacrisis, says Colliers.

Non-food retail sales in Romania nearly 10% above pre-crisis peak

bne IntelliNews January 8, 2021

The steady improvement in the retail sales index shows healthy consumer confidence supported by the robust real wage growth and still moderate unemployment rates.

Romania’s eMAG marketplace launches online financing

bne IntelliNews January 8, 2021

Romania's biggest online retailer is offering a full online financing option to customers in partnership with Idea::Bank and IT companies FintechOS and Bitnovel.

Romanian private pension funds return to robust growth

Iulian Ernst in Bucharest January 8, 2021

The weighted average rate of return for mandatory private pension funds rose to nearly 4.9% in November, but the private pension funds market in Romania remains underdeveloped.

Storming parliaments: New Europe's greatest hits

bne IntelliNews staff January 7, 2021

The US has been rocked by the storming of the Capitol by Trump supporters. But in New Europe, protesters storming parliament buildings is a common experience.