BUCHAREST BLOG: Three days that plunged Romania into chaos

Iulian Ernst in Bucharest September 6, 2021

Romania moved from having a relatively stable and functioning centre-right ruling coalition to an explosive political situation with no credible mediator to defuse it.

Romania’s retail sales remain at record high in July

bne IntelliNews September 6, 2021

Consumption has already returned to pre-crisis growth rates and is not far from where it would have been in the absence of the COVID-19 crisis.

Romania’s reformist USR-PLUS ready to overthrow its own government

Iulian Ernst in Bucharest September 3, 2021

USR-PLUS to work with radical rightwing AUR to bring no-confidence motion against Florin Citu's government.

Industrial prices keep rising fast in Romania in July

bne IntelliNews September 3, 2021

Figures suggests higher energy prices have not yet passed through to consumer prices so further supply-side inflationary pressures are expected.

Romania's junior ruling party withdraws support for PM Citu

Iulian Ernst in Bucharest September 2, 2021

USR-PLUS accuses Citu of planning to misuse public money through the €10bn public investment plan.

bneGreen: Emerging Europe’s perfect storm for illegal logging

bne IntelliNews September 1, 2021

High demand for wood for the booming global furniture market, poverty, persistent corruption and huge areas of sparsely populated forest land combine to create the conditions for illegal logging in Emerging Europe.

Romania’s opposition fails to capitalise on strife within ruling PNL

bne IntelliNews August 31, 2021

PSD leader puts no-confidence motion on hold but says if “millions of Romanians” take to the streets Florin Citu’s government would be overthrown.

Invisible and highly polluting methane leaks detected across Romania

bne IntelliNews August 29, 2021

NGO finds dozens of methane leaks, including next to children’s playground.

Half of Romanian retail entrepreneurs moved online during the pandemic

bne IntelliNews August 27, 2021

Survey shows the trend of creating online stores has continued this year, with some entrepreneurs closing their bricks and mortar stores to focus on selling online.

Romania’s Cluj-Napoca gets residents moving with bus tickets for squats

bne IntelliNews August 25, 2021

Sports Festival brings back popular Health Ticket — exchanged for 20 squats at Memorandumului Sud bus station — after residents did over 1mn squats last year.

Dogs sniff out COVID carriers at Transylvanian airports

bne IntelliNews August 24, 2021

Romania becomes one of the pioneers in canine detection of coronavirus at airports. Pilot scheme expanded after initial success.

Romania set to increase wheat exports as harvest reaches 14-year high

bne IntelliNews August 23, 2021

With rival producers hit by severe droughts, Romania is expected to raise exports to Egypt and other markets.

BRICKS & MORTAR: Swift economic recovery in Romania supported real estate investments

bne IntelliNews August 20, 2021

Number of deals increased in 1H21 amid swift economic recovery but size of deals was smaller, says JLL report.

Romanian PM Citu appoints close ally as finance minister

bne IntelliNews August 19, 2021

Leaders of Romania’s ruling PNL back Dan Vilceanu for key finance minister position in further boost for Citu in his struggle for control of the party.

Romania’s GDP rises by 1.8% q/q in Q2, below expectations

bne IntelliNews August 18, 2021

The growth rate was slower compared to consensus expectations for growth rates of around 2% q/q and above 14% y/y.

Romania ups official growth forecast for this year by 2pp to 7%

bne IntelliNews August 16, 2021

The CNP’s forecast is rather cautious compared to the double-digit growth rate mentioned by Prime Minister Florin Citu recently as possible for this year.

Work starts on Southeast Europe's first hyperscale data centre in Romania

bne IntelliNews August 12, 2021

Cluster Power technology park will host an artificial intelligence infrastructure centre developed in partnership with Nvidia.

Energy prices bring Romania’s inflation to 5% in July

bne IntelliNews August 12, 2021

Consumer price inflation in Romania reached 4.95% in July, rising sharply from 3.8%-3.9% in May-June.

IFC invests $10mn in Romania-born low-code bank technology startup FintechOS

bne IntelliNews August 11, 2021

FintechOS says its low-code approach to digital transformation improves the accessibility, affordability and impact of services for the financially excluded. This is what convinced the IFC to invest.

Local authorities in Romania expect new impetus from regional airports

Iulian Ernst in Bucharest August 9, 2021

Disappointed by the weak traffic at Oradea airport, the municipality and county authorities decided to set up their own airline.