Romania

German investor plans e-vehicle battery factory in western Romania

bne IntelliNews February 20, 2020

Draxlmaier plans to build the first battery factory for electric cars in Romania, where several other German auto-components producers are also planning investments.

AI investments in Romania forecast to double from current robust level

Iulian Ernst in Bucharest February 19, 2020

Significant investments in Romanian AI start-ups TypingDNA and Fintech OS in the final quarter of last year placed Romania among the leading countries in Eastern Europe.

US promises up to $1bn in energy infrastructure financing for Three Seas Initiative

Wojciech Kosc in Warsaw February 18, 2020

The financing will go primarily to strengthen energy security across the initiative’s countries, which consider it necessary to end, or at least reduce, dependence on Russia as an energy supplier.

Romania ready to develop new nuclear reactor without foreign partners

Iulian Ernst in Bucharest February 18, 2020

Prime Minister Ludovic Orban announced last month that Bucharest will scrap its deal with China General Nuclear Power Corporation (CGN) to expand the Cernavoda nuclear power plant.

Online sales up 22% y/y in Romania last year

bne IntelliNews February 10, 2020

Romania’s government dismissed in no-confidence vote

bne IntelliNews February 5, 2020

Ludovic Orban's government ousted just three months after taking office, as both ruling and opposition parties are understood to favour early elections in hopes of improving their positions in parliament.

Returning migrants and trade disruptions: eastern EU members anticipate the cost of Brexit

bne IntelliNews January 31, 2020

Central European carmakers, Polish food producers and Czech brewers are among those expected to be hard hit by Brexit, but until a trade deal between the EU and UK is reached — or not — the extent of the fallout is impossible to predict.

Horizon Capital returns as shareholder in major Romanian-Moldovan winemaker Purcari

Iulian Ernst in Bucharest January 29, 2020

Bucharest-listed Purcari Wineries aims to build a wine champion in the fragmented CEE market, via both organic growth and M&A.

Romanian telecom group Digi issues €800mn bonds to refinance its debt

Iulian Ernst in Bucharest January 28, 2020

Digi has already initiated total repayment of its €550mn bonds maturing in 2023, and aims to repay two other loans in advance.

EAST CAPITAL: Romania — can 2019’s best frontier market continue to perform in 2020?

Tim Umberger East Capital's deputy head of Eastern Europe January 26, 2020

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.

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