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.
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.
The current account deficit is one of the main threats to Romania’s macroeconomic sustainability with the other being the budget deficit.
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.
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.
Investment will allow family owned DocProcess to expand in Romania and in the wider European market.
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.
The volume of construction works surged by 31% y/y and the sector generated 21% more value added in the second quarter.
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.
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.
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.
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.
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.
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.
Household borrowing weakened for the second quarter in a row, in response to the tighter lending regulations enforced by the central bank in January.
In Q2, banks' aggregated profit plunged by 48% y/y €202mn deteriorating compared to both last year and the first quarter.
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%.