Romania
Romania’s government gains 45-day grace period to secure new majority
Constitutional Court ruling gives PM Viorica Danicla time to put together a new majority after the ruling coalition split — but opposition leaders are still preparing for a no-confidence vote.
Romania’s construction sector soars by 41% y/y in July
Civil engineering works returned to normal levels after two disappointing years, while work on residential projects doubled from the levels seen in the years after the recession.
Romania’s 12-month CA deficit hits 4.9% of GDP at end-July
The current account deficit is one of the main threats to Romania’s macroeconomic sustainability with the other being the budget deficit.
Romania’s industrial output at two-year low
Industrial growth has remained feeble since the beginning of the year, but broken down by segment the figures indicate a shift towards higher value production.
When Chinese deals turn sour
Tighter regulation and growing geopolitical tensions have caused a downturn in global Chinese outward FDI in the past two years. The Central and Eastern Europe region is no exception.
Romanian private equity fund Morphosis buys stake in IT startup DocProcess
Investment will allow family owned DocProcess to expand in Romania and in the wider European market.
Romania’s trade gap widens by nearly 40% y/y in July
The July figures might overstate the diverging dynamics of exports and imports, but trend data confirm that exports are slowing at a significantly steeper rate than imports.
Construction pushes Romania’s GDP up 4.4% y/y in Q2
The volume of construction works surged by 31% y/y and the sector generated 21% more value added in the second quarter.
Fitch warns political turmoil impairs Romania’s capacity to pursue needed economic adjustments
The break-up of Romania's governing coalition increases political uncertainty ahead of a busy electoral calendar and amid a backdrop of rising macroeconomic imbalances.
BRICKS & MORTAR: Corporates turn to flexi workspaces in battle for talent
Flexible workplaces and co-working spaces, originally the domain of creatives and solo entrepreneurs, are increasingly attractive to larger companies in their quest to attract and retain talent.
BUCHAREST BLOG: A game of musical chairs
Romania’s ruling coalition has collapsed and the government’s future is unclear, but after years of top-level personnel changes, policy reversals and mass protests, investors are already used to the climate of uncertainty.
Romania’s opposition not ready to find replacement for PM Dancila
Viorica Dancila might survive the collapse of the ruling coalition, as opposition parties are more concerned about positioning ahead of the general elections next year than forming a new ruling coalition.
Romania’s ruling party loses majority and faces no-confidence vote
PM Viorica Dancila looks likely to lose her position in an imminent no-confidence vote, but there is not yet a new parliamentary majority to take over.
Europe still has East-West divide in waste generation
Despite the recent consumer boom, all but one of the eastern EU members produces less waste than any western member, a new study from Eurostat shows.
New loans to Romanian households down 3.6% y/y in Q2
Household borrowing weakened for the second quarter in a row, in response to the tighter lending regulations enforced by the central bank in January.
Romanian banks’ profits roughly halve y/y in Q2
In Q2, banks' aggregated profit plunged by 48% y/y €202mn deteriorating compared to both last year and the first quarter.
Romanian blue chips boast 22.7% average profit margin in H1
The BET index has gained over 22% since the beginning of this year while the BET-TR index, which also includes the dividends paid by BET companies, recorded a return of 33%.