On 30 June 2017, BET, the main index at the Bucharest Stock Exchange (BVB), closed at 7,855 points, thus reaching 18.87 per cent growth in the first half of the year. At the same time, the average daily value of transactions increased by more than 30 per cent to €9.68 million and market capitalisation of all companies listed exceeded €37 billion. Continue reading Romanian Upgrade to Emerging Market is on the Cards
In the current European context, not many European leftist parties are successful in elections. From Western Europe to the new democracies, either populism or anti-establishment parties are seizing the moment. On the other hand, the Romanian Social-Democrats (PSD) held a steady grip on their electoral share, with a sweeping 45 per cent in the national elections, less than a year ago. Continue reading Surprising Resilience of Romanian Social-Democrats
The fight against corruption in Romania seems to be a never-ending story and corruption has very often been closely associated with the country. Continue reading Romania Says No to Corruption
Over the past three years, the Romanian economy has recorded some of the fastest growth rates in the European Union, helped by a rapid expansion of consumer spending. Continue reading Romanian Market Moving Towards Rebalancing
In 2015, Bucureşti-Ilfov, Romania’s capital-city region, had a GDP per capita of €19,300 amounting to 136 per cent of the EU average (GDP per capita PPS, EU28=100). At the same time, Sud-Muntenia, Sud-Vest Oltenia and Nord-Est were three out of 19 EU regions that were still below half of the average 47, 40 and 34 per cent of the EU average respectively, according to Eurostat.
Many have dubbed Cluj-Napoca the emerging Silicon Valley of Eastern Europe. Although this is debatable (for many reasons which are not within the scope of this short article), one thing is clear: technology has found a good home in my native city. Continue reading Nurturing a Needed Knowledge and Innovation Culture
“Romania is a hidden gem in Europe, a country which is a very good place for investments but which also needs to promote itself in Western Europe and beyond,” Alain Pilloux, vice president, Banking, at the European Bank for Reconstruction and Development (EBRD) said during the EBRD Emerging Europe Outlook on Romania investment forum, held in June in London. He was pointing to the fact that in the first quarter of 2017, the country’s economy grew by 5.6 per cent.
The Romanian energy market has gone through a process of accelerated growth in recent years, leading to the emergence of new energy needs and solutions. The steps that have been taken to achieve a high-performance energy system, although still early, are vital for Romania’s chances of becoming an important player in the regional energy market and an energy hub for Central and Eastern Europe (CEE). Continue reading Romgaz and GE Partner in a New Power Project
Since 2014, gains in household purchasing power, resulting from a combination of a tighter labour market, strong nominal wage growth alongside deflation or weak inflation, and a highly accommodative fiscal stance resulted in a vigorous consumption-led recovery. Continue reading Romania’s Short-Term Prospects Remain Solid
The software and IT sector produces three per cent of Romania’s GDP and is expected to exceed €4.1 billion in 2017. It is growing, thanks to the high demand coming from Western countries, and Romania now stands in sixth place in the global index when it comes to the number of certified IT specialists. Continue reading Romanian IT Business Statistics Are Promising
Romania’s diplomatic and commercial affairs with the United Kingdom of Great Britain and Northern Ireland go back 140 years, and we proudly name the UK amongst our most valued and respected strategic partners. Continue reading Romania’s 140 Years of UK Cooperation
The way in which Romania prepares for the presidency of the EU Council and how it finalises this are paramount for its role in a future Europe, says Cristian Buchiu, deputy head of the EU Representation to Romania. He talked to Jerry Cameron about the country’s ten years of EU membership. Continue reading Romania Works to Cement its Position in the EU