CEEMarketWatch

Press mood stories for Romania

Jul 21, 2017 06:47GMT, Romania, CEEMARKETWATCH.
Romanian drama: Another 200,000 Romanians fled in 2016. Romanian economy is losing another EUR 2bn a year from Romanians emigrating (Ziarul Financiar)
Brokers and investors get into stock market due to financial reporting season (Ziarul Financiar)
Disaster continues: Absorption rate of structural funds in 2017 – 0.004% (Ziarul Financiar)
KLG Logistics invests EUR 20mn in new warehouses (Ziarul Financiar)
Most anticipated highway [Pitesti-Sibiu] will cost twice more the initial plan (Adevarul)
Digi 24 analysis. How will pensions increase by 77% without the system collapsing (Adevarul)
After six months of PSD ruling, Eurostat pulls the alarm. Critical deficit threshold has been exceeded [budget deficit at 3.2% of GDP in Q1] (Gandul)
Our country, the champion of increasing deficit (Bursa)
Competition Council analyses increase in electricity prices (Bursa)
[Anticorruption] DNA chief Kovesi could be prosecuted (Evenimentul Zilei)
Eastern Europe needs EUR 615bn (Curierul National)
Big investments blocked by stupidity [Bucharest missed EUR 1bn investment] (Cotidianul)
How can Kovesi get rid of parliamentary committee investigating 2009 elections (Romania Libera)
Jul 20, 2017 06:55GMT, Romania, CEEMARKETWATCH.
Chaos in public healthcare system brings more patients to private hospitals (Ziarul Financiar)
Boom in residential construction compensates lack of investment in infrastructure (Ziarul Financiar)
At decade’s minimum. Bank deposits of foreigners in Romania drop in May to EUR 3.2bn (Ziarul Financiar)
Romanians disappear. How many will be in 2050 and what the state should do to increase population (Adevarul)
[Regional minister] Shhaideh after Adevarul revealed that development money went to PSD barons. Money were awarded on ‘first come, first served’ basis (Adevarul)
KPMG: Romania ranking 49th in list of ready to change countries (Financiarul)
Unwelcome development: Insolvencies rose by 4.6% [in H1] (Financiarul)
Gap in budget in first six months of PSD ruling. Former ANAF head: RON 1.4bn missing receipts (Gandul)
[Opposition PNL leader] Orban, about [PM] Tudose: A new puppet (Gandul)
Romania ranks 17th in EU in terms of increase in house prices (Bursa)
Banca Transilvania increases capital by RON 4.34bn (Bursa)
[PSD leader] Dragnea’s favourites receive money from Shhaideh (Cotidianul)
Innovation of Tudose-led government: salaries increase, revenues fall (Cotidianul)
CFR wants to transform North railway station into mall, like in western countries (Romania Libera)
Jul 19, 2017 06:24GMT, Romania, CEEMARKETWATCH.
Romanians spend RON 2bn on fast food. US giant Taco Bell enters in battle with McDonald’s, KFC and local stores. McDonald’s is leader with 30% (Ziarul Financiar)
New sources for budget revenues: Govt wants to increase taxes for 1mn part-time employees (Ziarul Financiar)
All five financial investment companies were less active in June. Shares traded at up to 54% discounts (Ziarul Financiar)
Government does not give up idea to tax households [global income tax]. [PM] Tudose says: As quickly as we can but we will not force it (Adevarul)
[Tax authority] ANAF chief was dismissed (Gandul)
Romania borrows EUR 1bn for transports (Gandul)
Iraq envoy: We need Romanian companies for the reconstruction of Iraq (Bursa)
Nuclear energy provides 30% of clean energy in Romania (Bursa)
Length of gas distribution network expanded by 428.1km last year (Bursa)
War is heating for PSD leadership. [Former PM] Ponta rebels call for convening extraordinary congress (Evenimentul Zilei)
Record gas trading on commodity exchange (Curierul National)
Romania, a country of seniors [about ageing] (Curierul National)
Talking fiscal revolution [Romanians to receive less money from salary when tax reform ends] (Cotidianul)
Metrorex starts works to modernize 11 stations by end summer (Romania Libera)
Jul 18, 2017 06:45GMT, Romania, CEEMARKETWATCH.
Romania’s problem is not level of wage taxation but small number of employees (Ziarul Financiar)
Generous funding programme for entrepreneurs: Start-up Nation Programme will create 8,600 companies and 21,000 jobs in November 2017 (Ziarul Financiar)
Government waives universal sales tax but not solidarity tax (Ziarul Financiar)
Piraeus Bank sold subsidiaries in Romania, Serbia, and Bulgaria (Adevarul)
[PSD’s leader] Dragnea: Pension contribution will increase to 25%, health – to 10% (Adevarul)
How PSD rewrote government programme. List of deleted or postponed promises after coming to power (Gandul)
Fees for health as in Germany but conditions are different (Gandul)
Bloomberg: Rapid wage growth in Romania undermines competitiveness (Bursa)
We will legislate taxation of multinationals that make profit in the country (Bursa)
Measures of new government programme – a burden for the private sector (Bursa)
[PM] Tudose: It is imperative to consider streamlining, rationalisation, and economies in public spending (Curierul National)
Zigzags and mass action in PSD (Cotidianul)
Comedy of errors, Liviu Dragnea’s version – Mihai Tudose. Long list of blunders in just 18 days of ruling. Among them, minimum wage rise and abolition of Pillar II of pensions (Romania Libera)
Jul 17, 2017 06:58GMT, Romania, CEEMARKETWATCH.
Biggest downsizing in ICT made in 2016 (Ziarul Financiar)
How polarised is Romanian economy: Two-thirds of Romanian business is in the hands of 1% of companies (Ziarul Financiar)
OMV Petrom invested EUR 50mn in 50km railway at Petrobrazi refinery (Ziarul Financiar)
First measure of new govt programme that PSD prepares to officially quit [turnover tax]. Decision will be announced today (Gandul)
What are sector worst affected by labour shortage [IT service centres, automotive, retail] (Gandul)
Energy minister: Hidroelectrica must become a player on capital market (Bursa)
Unicredit launches RON 500mn bond issue (Bursa)
Supervisor ASF investigates finance minister (Bursa)
PSD-ALDE coalition decides today: with or without turnover tax (Evenimentul Zilei)
China announces flow of investments in Romania (Curierul National)
Liviu Dragnea has common enemy with Donald Trump [easily exhausted all strategies to keep PSD and Romania afloat] (Cotidianul)
Romania lags in EU funds absorption. We lost EUR 3bn in subsidies, sit better than Bulgaria only (Romania Libera)
Jul 14, 2017 06:43GMT, Romania, CEEMARKETWATCH.
An industry worth EUR 4bn. Top 10 of local software entrepreneurs with strongest growth (Ziarul Financiar)
Construction sector adjusted amid severe collapse of state investment (Ziarul Financiar)
Ten developers in Bucharest launch 14,000 housing starts next year, to be ready in 2019 (Ziarul Financiar)
Gas market transaction: Czech investment fund buys local trader with turnover of RON 90mn (Ziarul Financiar)
Cynicism of wage law (Adevarul)
Mergers and acquisitions market reached EUR 889mn in Q2 (Financiarul)
[President] Johannis’ Patriot missile system: We launched an application in principle to the US (Gandul)
Increasing energy prices indicate market imbalance (Bursa)
Romanians bought more than USD 4bn? (Bursa)
Romanian Post is looking for partners to provide banking services (Bursa)
Companies need stability and predictability to continue investing in Romania (Bursa)
Expropriations start: First steps towards linking Henri Coanda airport with capital (Evenimentul Zilei)
USR would depoliticise Constitutional Court (Evenimentul Zilei)
OSIM will provide financial support for patenting Romanian inventions abroad (Curierul National)
EUR 76mn for diaspora start-up (Cotidianul)
Unexplained increases in energy market. Electrica asks capping electricity prices (Romania Libera)
How healthcare ministry lost EUR 0.5bn (Romania Libera)
Jul 13, 2017 06:58GMT, Romania, CEEMARKETWATCH.
Romanian banks among most profitable in Europe. ROE in banking sector reached 15.6% in Q1 (Ziarul Financiar)
Good times for industry returned (Ziarul Financiar)
Romania, number one in EU in selling bad loans (Ziarul Financiar)
What kind of country prepares [PSD leader] Liviu Dragnea (Adevarul)
Renault to recall 2,000 Dacia Duster cars (Financiarul)
Romanian banking system surprises. On top of EU, surpasses France and Germany (Gandul)
Dragnea evaluates [PM] Tudose’s first visit to Brussels (Gandul)
Americans want to sell us missile systems worth EUR 3.9bn (Bursa)
Eurostat: Romania marks highest industrial output growth in EU in May (Bursa)
Electricity price on spot market higher by 50% than last year (Bursa)
New administrative code: Super immunity for ministers. How Dragnea to become PM (Romania Libera)
Jul 12, 2017 06:01GMT, Romania, CEEMARKETWATCH.
Romania loses over 120,000 inhabitants in past year, natality is not encouraged (Ziarul Financiar)
KeysFin: There are about 10,000 insolvent companies in Romania, rest close procedures or enter bankruptcy (Ziarul Financiar)
State statistical office: 35% of households cannot face total expenses, 25% cannot buy necessary food (Ziarul Financiar)
Nuclear plant refuses to distribute supplementary dividends, money go to investments (Ziarul Financiar)
Personal insolvency law is enforced as of August 1 (Adevarul)
KeysFin: Economy grows but inflation raises worries (Curentul)
Anti-corruption body extends investigation regarding [PSD leader] Dragnea business (Gandul)
KeysFin: Investors are alarmed by wage, price increases in Romania (Gandul)
Minister Fifor says worries of foreign companies regarding new ruling programme are unjustified (Bursa)
PM Tudose assures Tusk of not changing anti-corruption laws without public consultations (Bursa)
PSD Dragnea has no escape from anti-corruption body’s investigation of his business in Brazil (Evenimentul Zilei)
Severe tensions within ruling coalition persist (Evenimentul Zilei)
Jul 11, 2017 05:32GMT, Romania, CEEMARKETWATCH.
Hypermarket chains have real-estate portfolio worth RON 17bn (Ziarul Financiar)
Over 8,800 bank employees have in hands lending to companies (Ziarul Financiar)
PSD leader Dragnea says RON 2,000 minimum wage is an error publicly amplified (Ziarul Financiar)
Romania and Poland are Carrefour’s major growth engines (Ziarul Financiar)
[Opposition PNL leader] Orban: We will fight all means to stop tax on sales and solidarity tax (Adevarul)
Tax authority’s head says ITC modernisation of the authority has not advanced at all (Adevarul)
Transport ministry fills country with parking places (Adevarul)
Dragnea is very satisfied with new govt activity after one week (Gandul)
NBR sees possible implementation of fiscal corrective measures for meeting 3% of GDP deficit target (Bursa)
Wages in Romania, under IMF focus (Curierul National)
PM Mihai Tudose: Hiring in public sector to be frozen (Curierul National)
Fate of biggest chemical factory in SEE, Oltchim, to be decided in following days (Romania Libera)
Jul 10, 2017 05:58GMT, Romania, CEEMARKETWATCH.
[State hydropower group] Hidroelectrica is most profitable company in Romania in 2016 (Ziarul Financiar)
Dow Chemical to open factory in Romania if there will be investments in infrastructure and regulations in energy (Ziarul Financiar)
E.ON and MOL to open 40 electric car charging points in Romania (Ziarul Financiar)
One more step and PSD sends [anti-corruption’s chief] Kovesi in prosecution’s hands (Adevarul)
[PSD leader] Dragnea suggest to justice minister to work on justice laws this summer (Adevarul)
Dragnea denies illicit business in Brazil, blame all on Soros conspiracy (Gandul)
Corporate governance is broken at Hidroelectrica (Bursa)
Unemployment is first option for young failing baccalaureate exam (Bursa)
Special pensions’ law may change (Evenimentul Zilei)
Jul 07, 2017 04:56GMT, Romania, CEEMARKETWATCH.
Biggest employer in northern Romania says to close textiles factory if minimum wage increases as provided in new ruling programme (Ziarul Financiar)
Over 5mn Romanians are eligible for banking products but do not have any (Ziarul Financiar)
Ten biggest call-centre operators make RON 900mn business and have 10,000 employees last year (Ziarul Financiar)
Household revenues increase by 10%, but not all money goes to consumption, part is directed to savings (Ziarul Financiar)
Romania has among lowest taxes in EU (Ziarul Financiar)
Good news for companies in Romania: Rising orders from German factories fuelled by estimations of robust economic growth (Ziarul Financiar)
[Minister] Sevil Shhaideh suspends hiring in administration until yearend (Adevarul)
PSD is on verge of asking criminal investigation against [anti-corruption’s chief] Kovesi (Adevarul)
Eight investors bid for Oltchim privatisation (Adevarul)
Govt plans huge investment in emergency situations system (Gandul)
Tax authority initiates control at Rise Project journalist investigators exactly in day of publishing investigation on [PSD leader] Dragnea (Gandul)
Romania has strongest retail trade growth in EU (Romania Libera)
Jul 06, 2017 05:54GMT, Romania, CEEMARKETWATCH.
Consumption grows by 8% but VAT collections drop by 4.5% in Jan-May (Ziarul Financiar)
Number of baccalaureate graduates slightly rises, but weight of those failing is still high (Ziarul Financiar)
Skanska starts new office building in capital city (Ziarul Financiar)
Dramatic: One in three Romanians is inactive economically, which means not employed and not unemployed (Ziarul Financiar)
Real-estate market is boiling, apartment prices increase by 7% in H1 (Ziarul Financiar)
Minister Laufer: A Romanian company to invest USD 100mn in USA (Adevarul)
Judges association: Slippages in fight against corruption occurred a while ago (Gandul)
Foreign investors express worries about changes in ruling programme (Gandul)
Technology consumption in Romania decreases (Curentul)
Half of Romanians consider themselves entitled not to pay taxes because they are too high (Curierul National)
Tensed relationship between PSD leader Dragnea and PM Tudose (Curierul National)
Former PM Grindeanu appeal no-confidence vote at Constitutional Court (Romania Libera)
Jul 05, 2017 05:51GMT, Romania, CEEMARKETWATCH.
Banks pass to obsession for clients from cleaning up books (Ziarul Financiar)
Ping-pong with sale of Romania’s biggest shipyard (Ziarul Financiar)
Romania and Bulgaria are on last places in resources productivity ranking (Ziarul Financiar)
Private pension funds keep on rising in 2016, but yields diminish (Adevarul)
[Former president] Basescu says justice is unable to self-administrate; justice minister must take measures (Gandul)
NBG says it is on verge of announcing buyer for local subsidiary Banca Romaneasca (Bursa)
Coface: Almost half of active companies in Romania have high insolvency risk (Bursa)
[President] Iohannis reconfirms Romania to receive migrants in accordance with EU quotas (Evenimentul Zilei)
Iohannis says he is satisfied with anti-corruption body’s leadership (Evenimentul Zilei)
Jul 04, 2017 06:00GMT, Romania, CEEMARKETWATCH.
Tax revolution: Not corporate income tax is main cause of weak tax collections, but personal income tax, social contributions (Ziarul Financiar)
Modern retail market exceeds 2,000 hyper- and super-markets (Ziarul Financiar)
Looking for 10% of GDP as taxes and social contributions (Ziarul Financiar)
Opposition PNL starts preparing ‘shadow’ govt (Adevarul)
PNL leader Orban says there is high risk of govt to issue once more controversial bill on abuse of office (Adevarul)
Minimum wage increase fuels unemployment (Adevarul)
Tax on sales, earthquake for companies (Adevarul)
PM Tudose considers dismissing tax authority’s head (Gandul)
NBR Governor Isarescu says central bank’s independence does not exclude cooperation with govt (Bursa)
Energy minister wants minimum 20% of 2017 budget of energy companies to be invested (Bursa)
More controls to fight money laundering (Curierul National)
Five professors at Medicine University in Bucharest are suspected of bribery taking for passing exams (Evenimentul Zilei)
Isarescu: Unitary wage bill to affect inflation (Evenimentul Zilei)
PSD continues multinationals’ hunt (Romania Libera)
Jul 03, 2017 05:50GMT, Romania, CEEMARKETWATCH.
Romania becomes European hub of household appliances; production exceeds EUR 1bn (Ziarul Financiar)
Companies, tax consultants oppose PSD’s proposal to impose tax on sales (Ziarul Financiar)
PSD’s ideas: Sovereign Development Fund and Development Bank (Ziarul Financiar)
Furniture exports increase by only 7% in Q1 (Ziarul Financiar)
Labour force demand is bigger than offer; online recruiting market to exceed EUR 15mn (Ziarul Financiar)
[Opposition PNL] Orban says PNL to modify unitary wage bill when taking over power (Adevarul)
Govt approves support programme for honey producers (Adevarul)
Coca-Cola invests EUR 7mn in Romania (Gandul)
[President] Iohannis asks for re-examination of ports law (Bursa)
Regionalisation becomes political negotiations topic (Bursa)
Rumen Radev, second Bulgaria’s president visiting Romania’s industry chamber (Curierul National)
People take streets again. Protests in Bucharest (Evenimentul Zilei)
Jun 30, 2017 06:07GMT, Romania, CEEMARKETWATCH.
Shocking ruling programme: Tax on sales, new PSD revolution (Ziarul Financiar)
New debt repayment peak for finance ministry in Jul (Ziarul Financiar)
Value of new consumer loans reaches RON 800mn in May, highest in six months (Ziarul Financiar)
[Power grid] Transelectrica cuts by 10% electricity transport tariff as of Jul (Ziarul Financiar)
Appetite for investments: 38 companies have investment projects that might create 4,700 new jobs (Ziarul Financiar)
Interviews of new ministers are PSD-labelled parody (Adevarul)
[President] Iohannis: Honourable PSD, cut off the fiscal-budgetary hopping! (Adevarul)
[PNL] Ludovic Orban: Revised ruling programme is premeditated crime for local companies with foreign capital (Adevarul)
First measure of Tudose cabinet: Romanians with high wages must pay solidarity tax (Gandul)
Iohannis to ruling coalition politicians: You put country in crisis because you have no idea how to rule (Gandul)
After announcing nationalisation of private pension funds, new finance minister changes his mind (Gandul)
PSD changes govt, PM, ruling programme, but not its leader Dragnea (Bursa)
Tax on sales proposal proves tax authority’s inability to calculate transfer prices (Bursa)
Govt has new major projects (Curierul National)
Anti-corruption chief prosecutor Kovesi is investigated by judicial inspection (Evenimentul Zilei)
Abnormal price growths on electricity market (Romania Libera)
Jun 29, 2017 05:45GMT, Romania, CEEMARKETWATCH.
RON mortgage loans increase by RON 930mn in May (Ziarul Financiar)
EU subventions for Romanian agriculture amount to EUR 20bn in ten years (Ziarul Financiar)
New cabinet has super-minister without portfolio to supervise the others (Ziarul Financiar)
Tudose cabinet has 11 new ministers without any expertise in managing their mandates (Adevarul)
Former culture minister reveals PSD controls entire authority in govt (Adevarul)
Hornbach invests EUR 145mn in Romania in past ten years (Adevarul)
Turcan, PNL: New cabinet is logic’s aberration and common-sense defiance (Gandul)
Designated PM: Measures of financial discipline to tighten (Bursa)
Labour minister places former husband in FSA management position (Curentul)
Outgoing PM Grindeanu warns tax authority must be changed (Evenimentul Zilei)
Jun 28, 2017 04:37GMT, Romania, CEEMARKETWATCH.
Dramatic. While govt changes, state’s investments reach ridiculous level (Ziarul Financiar)
[Junior ruling] ALDE keeps same ministers in new cabinet; PSD to decide today (Ziarul Financiar)
Budget revenues rise, but investments are at ten-year minimum (Ziarul Financiar)
BCR remains market leader in banking, but massively loses market share (Ziarul Financiar)
PSD Dragnea may have to accept Justice Minister Tudorel Toader to continue mandate (Adevarul)
Extremely high deficit after five months of ruling (Adevarul)
Labour force deficit: Employers look to hire from Moldova Republic (Adevarul)
First critics from inside PSD to designated PM (Gandul)
PSD leadership reportedly meets with NBR board member to discuss budget execution in Jan-May (Bursa)
Economic analyst: NBR is forced to act for pleasing ruling PSD (Bursa)
Political instability to have long-term effects (Curierul National)
Dragnea makes Tudose PM for six months testing period with several objectives to meet (Romania Libera)
Shipyards fight hard to find qualified personnel (Romania Libera)
Jun 27, 2017 05:19GMT, Romania, CEEMARKETWATCH.
Mihai Tudose, controversial proposal of PSD for PM position (Ziarul Financiar)
PSD proves no longer has human resources, comes up with no-name from economy ministry as PM proposal (Ziarul Financiar)
Private credit growth remains modest in May (Ziarul Financiar)
Savings jump by 9% in five months, triple compared to credits rise (Ziarul Financiar)
PSD Dragnea says he is sure Tudose does not work for intelligence (Gandul)
Intelligence service denies any involvement in nominating any PM (Gandul)
Labour productivity increases by 5.7% in Q1 (Bursa)
Govt must borrow for investments too, not only for wages and pensions (Bursa)
Dismissed from former cabinet, Mihai Tudose is required to form new one (Bursa)
Agriculture minister ensures free irrigations for farmers (Curierul National)
Ministerial order changes again taxation in ITC (Curierul National)
Electricity price to increase as of July (Romania Libera)
Mihai Tudose is allegedly suspected of tax evasion in his doctoral dissertation (Romania Libera)
Jun 26, 2017 04:51GMT, Romania, CEEMARKETWATCH.
While banks are stagnating, the non-bank financial institutions are growing with double-digit paces. NBR warns on fx rate risk (Ziarul Financiar)
Tragedy in education transmits into labour market. Romania loses 1mn students in past 20 years (Ziarul Financiar)
Hidroelectrica remains most profitable state company with RON 744mn profit in five months (Ziarul Financiar)
Insurance market returns to profit after ten consecutive years on loss (Ziarul Financiar)
Romanians’ saving and current accounts amount to RON 60bn in Apr (Ziarul Financiar)
Resigned economy minister is allegedly PSD’s proposal for new PM (Curentul)
Resigned labour minister says new ruling programme is needed after appointing new cabinet (Adevarul)
Opposition USR asks for investigation of no-confidence votes counting (Gandul)
PSD leader Dragnea says PSD MPs missing from no-confidence vote will for sure vote for new cabinet (Gandul)
Most significant progress in tourism is in rural areas (Bursa)
New financial stimuli for start-ups, domestic new firms (Curierul National)
Ford Romania may produce 500 new EcoSport cars daily; factory produces about 290 B-Max cars currently (Curierul National)
Jun 23, 2017 05:25GMT, Romania, CEEMARKETWATCH.
One-third of households’ spending is on clothes, food, cosmetics (Ziarul Financiar)
Labour market cries for employees but over 370,000 young persons are not working and not studying (Ziarul Financiar)
BAT: Cigarettes production drops by 2-3% each year (Ziarul Financiar)
Lack of state investments drags down construction sector which employs 7% of total employees in economy (Ziarul Financiar)
[President] Iohannis: Early elections are not excluded, but only in case of profound crisis (Adevarul)
[Opposition PNL leader] Ludovic Orban: We are negotiating with anyone except PSD on new majority (Adevarul)
Iohannis to meet Emmanuel Macron today (Adevarul)
Appetite for consumption is growing: 62% of Romanians plan to spend more (Adevarul)
[Chemical factory] Oltchim extends deadline for bids submitting on its assets sale (Bursa)
ALDE leader excludes any collaboration with PNL on forming new majority (Romania Libera)
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