Romania
Ukraine conflict will trigger recessions across CEE, says Capital Economics
Russian GDP forecast to slump 12% in 2022, while Ukraine's GDP will halve. Bulgaria, Slovakia and the Baltic states will have two quarters of negative growth.
USDA projects robust corn crop in Romania this year
The corn harvest is estimated at 13.7mn tonnes for the 2021/22 marketing year in Romania, one of the EU's top two corn producers.
Romania’s inflation pushed up to double digits by rising food prices
Central bank board member says prices "exceeded our darkest expectations" as annual inflation rate shoots up to 10.2%.
Co-founder of Romanian unicorn UiPath buys stake in digital agriculture pioneer RodBun
Daniel Dines says smart investments in digital agriculture can turn Romania into one of the key players in Europe's agriculture sector.
Inflation hits 22% y/y in Moldova
Spike in commodity prices combined with need to find new suppliers after war in neighbouring Ukraine push up prices in Moldova.
Romania unveils €3.4bn social and economic aid package
Package to help low-income households and firms hit by rising prices and the war in Ukraine.
Romania’s trade deficit hits 10% of GDP in 12 months to February
Romania’s trade gap widened by 30% y/y in February and by 50% y/y in the first two months of the year.
Romania’s public debt-to-GDP ratio hits 50.6% at end-February
Romania’s public debt increased by €4.1bn in the first two months of this year.
bneGREEN: Rich countries must cut oil and gas output 74% to ensure fair transition
Rich countries must reduce oil and gas output by 74% by 2030 and fully by 2034 in order to keep the world on track for 1.5°C and give poorer oil-reliant countries longer to replace their income from fossil fuel production.
EBRD slashes 2022 growth forecasts but only nations embroiled in war to enter recession
Ukraine's economy forecast to contract by 20% and projections worsen across emerging Europe — except for Eurasian oil and gas producers Azerbaijan and Turkmenistan.
Ukraine war will knock 1 to 1.5 points off CEE growth this year, says Capital Economics
Forecaster expects the war to add 2 percentage points to CEE inflation this year.
Hidroelectrica shareholders poised to announce long-awaited IPO
Listing of Romanian energy company Hidroelectrica expected to result in a major IPO estimated at around €1.8bn.
Romanian circular fashion trading platform Dressingz raises funding
Dressingz' plans for the current year include raising a new round of funding to support its expansion on the European market.
COMMENT: Roma civil society can learn from both mistakes and local successes to make inclusion work
There is deep disappointment over the rate of progress of various Roma inclusion policies of the European Union during the last few decades.
Romania’s construction activity still driven up by residential sector in January
Outlook for the sector is complicated as it faces challenges ranging from higher costs of construction materials to the regional turmoil caused by the war in Ukraine.
Eastern EU member states divided over sanctions on Russian oil and gas exports
Central and Southeastern European countries are among the most vulnerable to any cut-off in Russian energy exports, but this has not stopped some of them from being very vocal in demanding tougher action.
OPINION: Frontline state refugee bonds can finance Ukraine influx
Commercial debt and equity markets can help fill funding and policy gaps, and rally bank and fund manager interests to public purpose.
Romania’s industry continues mild recovery in January
But the recovery is set to be dented by effects of Ukraine war and soaring energy prices.
Romania’s stock exchange maintains double-digit annual growth despite deep war losses
The main index of the Bucharest Stock Exchange, BET, boasted a robust 12.6% y/y annual advance as of March 11.
Grain-hungry nations look to second-tier emerging Europe producers
The war between two of the world’s top grain exporters, Russia and Ukraine, has sent prices to record levels and forced importers to urgently seek out alternative sources.
