There is no end to the COVID-19 pandemic in sight, but the new normal that will emerge could benefit the countries of Central Eastern and Southeastern Europe (CESEE), due to the new opportunities that will arise.
The painful choice faced by poorer emerging European countries as they are forced to balance the risk to life of a new coronavirus spike with the economic and human cost of a second lockdown.
Romanian tech entrepreneur Radu Negulescu believes the early reopening of economies post-lockdown is self-defeating and forecasts years of hardship before the global economy finally rebounds.
Deficit soared by 126% y/y to €9.4bn, but Finance Minister Florin Citu says Romania won't need IMF support.
RCS&RDS will take over three networks operated by its rival Digital Cable Systems ahead of a more complex planned takeover.
The head of Romania's opposition PSD urged the government to come up with details about how it plans to address the coronavirus pandemic that "seems to have got out of control”.
Romania close to signing an agreement with "Euro-Atlantic partners" to complete the third and fourth reactors at the Cernavoda nuclear power plant, PM Ludovic Orban says after talks with China's CGN were scrapped.
The coronavirus pandemic brought this step closer, as the company’s profitability — a prerequisite for the IPO — has significantly improved, said co-founder Daniel Dines.
Number of COVID-19 infections exceeds the safety threshold in central Romanian auto-manufacturing cluster that includes Renault's Dacia factory.
European Union leaders reached agreement on a massive stimulus plan for the bloc’s economies in the early hours of July 21, after almost five days of intense talks.
Industrial production rose by 15.1% m/m in May, partly recovering after the deep 27.9% dive in April.
The funding was accelerated by the COVID-19 crisis, during which demand for software and automation robots exploded, said co-founder Daniel Dines.
The foreign trade gap in Romania contracted by 15.6% y/y to €1.25bn in May, but the latest foreign trade numbers don’t bring much optimism.
The re-denomination of the Romanian leu in 2005 had lasting economic and emotional consequences for the population and for domestic and international markets.
ING takes on Romanian online retailers Fashion Days and answear.ro, but plans international expansion for its DealWise platform.