Romania

COMMENT: Southeast Europe the growth star in CEE banking, but the profit pool is elsewhere

Gunter Deuber of Raiffeisen Research in Vienna July 16, 2019

The core message for bankers and investors active in the CEE region should be: close to old records, potential for more but watch out for late cycle phenomena.

ExxonMobil reportedly plans to pull out of offshore gas project in Romania

bne IntelliNews July 15, 2019

ExxonMobil has invested some $700mn in the Neptun Deep project in the Romanian section of the Black Sea.

Four bidders expected for Kosovo’s Ipko

bne IntelliNews July 14, 2019

The planned sale of Telekom Slovenije’s Kosovan subsidiary Ipko is the latest move towards consolidation in the Balkan telecoms sector, Fitch Solutions writes.

Fastest shrinking EU states are from Southeast Europe and the Baltics

bne IntelliNews July 12, 2019

States across Central and Southeast Europe are experiencing a long-term population decline due to a combination of low birth rates and mass emigration.

Central European economies decouple from Eurozone slowdown

Clare Nuttall in Glasgow July 9, 2019

Economists from wiiw have revised upwards their forecasts for Central and Southeast European economies as wage-driven growth has stopped them from following the eurozone into a slowdown.

Central, Eastern and Southeast European sovereigns to return to debt markets on large scale in 2020, Raiffeisen says

Clare Nuttall in Glasgow July 9, 2019

Governments of Central and Southeast Europe have already secured most of the funding they need for this year, but with more obligations maturing in 2020 they are expected to return to the markets on a large scale next year

iHunt shares to start trading on Bucharest stock exchange on July 9

bne IntelliNews July 8, 2019

Shares in Chinese mobile phones importer iHunt will start trading on the alternative trading system of the Bucharest Stock Exchange (BVB) on July 9, following the company’s IPO, the BVB said in a statement.

Romania posted strong GDP growth of 5% in 1Q19

bne IntelliNews July 8, 2019

This is the highest annual growth rate in the past five quarters, defying projections of a slowdown in Romania's GDP growth.

Romania’s finance minister admits to €1.5bn budget hole

Iulian Ernst in Bucharest July 5, 2019

Bucharest scrambling to find ways to plug the gap and keep the budget deficit under 3% of GDP ahead of a mid-year budget revision expected on July 31.

Rainbow flag flies over CEE, but attitudes to LGBT vary vastly

Ben Aris in Berlin July 4, 2019

North Macedonia held its first ever gay pride march on June 29 with up to 1,000 people attending the event. There were pride marches in nearly all the CEE countries but the experience in each country is vastly different.

BRICKS & MORTAR: Romania, Poland top destinations for new retail parks in CEE

bne IntelliNews July 4, 2019

The retail park market is still in its infancy in CEE compared to Western Europe, says a report from Cushman & Wakefield, leaving plenty of room for catch-up growth, especially in smaller cities.

Continuity expected at the helm of Romania's central bank

bne IntelliNews July 2, 2019

All major political parties have swung behind Mugur Isarescu, who has headed the National Bank of Romania since 1990, despite recent clashes between government officials and the monetary authority.

Two Romanian telcos launch 5G services ahead of auction for dedicated bands

Iulian Ernst in Bucharest June 28, 2019

Vodafone Romania and local RCS & RDS to target major cities and seaside resorts with early rollout of 5G services using their existing frequency bands.

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