Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania Insider Monthly Wrap-up November: The storm has passed... for now

Our monthly overview newsletter for Romania Insider members brings you the main topics of the month, to make sure you don't miss the bigger picture, no matter how often you choose to read the news. If you choose to stay away from much of the media frenzy, this monthly bulletin brings the essentials without wasting a lot of time, in a basic visual version, so you can focus on the text alone. 

Romania started November with a record number of daily COVID-19 related deaths and no government. By the end of the month, the number of new infection cases dropped significantly and the pandemic’s fourth wave seems to have passed, just in time for Omicron. Meanwhile, the Liberals joined forces with their former arch-rivals, the Social Democrats, to form a new ruling coalition and a new Government led by former general Nicolae Ciuca.

(Opening photo: First meeting of the new PSD-PNL-UDMR Government led by former general Nicolae Ciuca / Photo source: Inquam Photos / Octav Ganea)

The storm seems to have passed for now and the Romanians are preparing for some relaxed winter holidays. The new Government, in which the Social Democrats hold the health minister position, doesn’t seem keen to tighten restrictions and Romania is one of the few EU countries where Christmas Markets have opened for visitors this year. However, the still low vaccination rate in Romania leaves the country exposed to the pandemic’s fifth wave – the Omicron wave. ___STEADY_PAYWALL___

Behind the relative calm, clouds are starting to gather once again. The new ruling coalition between two parties that have fiercely attacked each other over the last two years is not likely to run smoothly. Although they are now partners with the Liberals, the Social Democrats haven’t refrained from criticizing them for the way they have managed the country’s affairs in the last year. Moreover, PSD has also advocated for removing the flat tax (PNL’s most important legacy), for increasing social benefits and for renegotiating the National Recovery and Resilience Plan (PNRR) already agreed with the European Commission.

The local economy is also feeling the pressure. Subdued recovery in Western Europe and rising inflation are likely to also put a brake on Romania’s GDP growth. The central bank increased the monetary policy rate once again in November (to 1.75%) as the annual inflation climbed to 8% in October.

Energy continues to hold the spotlight in terms of investments and new projects. Meanwhile, more and more local companies from all sectors turn to the Bucharest Stock Exchange for financing and the size of equity and bond placements has increased. Several Romanian companies have even started to raise money from the local capital market to expand abroad.

In the banking sector, the top news in November came from Raiffeisen Bank, which announced who will replace its Dutch CEO Steven van Groningen, who steps down after 20 years.

November also came with some good news for music fans: several big festivals in Romania have announced they plan to return with new editions next year. 
 

Below, you can browse through the most important topics in November, grouped by relevance. By clicking on a title, you can read the whole article on the Romania-Insider.com website.

 


COVID-19 - Fourth wave has passed

 

 


POLITICS: Former foes become allies

 

Domestic politics


Political decisions with impact on business

 


MACROECONOMY : Engine cools down

 

 


BUSINESS: Energy, capital market under the spotlight

Energy sector


Financing, M&A, new investments


Retail, real estate


Other business news

 


 

SOCIAL & LIFE:  Mixed feelings

Social issues


Sports & entertainment

 


RI+

Tully: A Romanian startup's solution to help children with ADHD

 


Robert Hellwagner, Selgros CEO: After 4 years of living here, I see Romania as my home

 


Walter Ebm, CEO of Wiener Privatklinik, on why Romanian patients seek treatment in Austria

 


Travel YouTubers spend a month in Romania: This country is so rich in great attractions

 


Going out options in Bucharest and the country this holiday season

 

editor@romania-insider.com

Normal
Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania Insider Monthly Wrap-up November: The storm has passed... for now

Our monthly overview newsletter for Romania Insider members brings you the main topics of the month, to make sure you don't miss the bigger picture, no matter how often you choose to read the news. If you choose to stay away from much of the media frenzy, this monthly bulletin brings the essentials without wasting a lot of time, in a basic visual version, so you can focus on the text alone. 

Romania started November with a record number of daily COVID-19 related deaths and no government. By the end of the month, the number of new infection cases dropped significantly and the pandemic’s fourth wave seems to have passed, just in time for Omicron. Meanwhile, the Liberals joined forces with their former arch-rivals, the Social Democrats, to form a new ruling coalition and a new Government led by former general Nicolae Ciuca.

(Opening photo: First meeting of the new PSD-PNL-UDMR Government led by former general Nicolae Ciuca / Photo source: Inquam Photos / Octav Ganea)

The storm seems to have passed for now and the Romanians are preparing for some relaxed winter holidays. The new Government, in which the Social Democrats hold the health minister position, doesn’t seem keen to tighten restrictions and Romania is one of the few EU countries where Christmas Markets have opened for visitors this year. However, the still low vaccination rate in Romania leaves the country exposed to the pandemic’s fifth wave – the Omicron wave. ___STEADY_PAYWALL___

Behind the relative calm, clouds are starting to gather once again. The new ruling coalition between two parties that have fiercely attacked each other over the last two years is not likely to run smoothly. Although they are now partners with the Liberals, the Social Democrats haven’t refrained from criticizing them for the way they have managed the country’s affairs in the last year. Moreover, PSD has also advocated for removing the flat tax (PNL’s most important legacy), for increasing social benefits and for renegotiating the National Recovery and Resilience Plan (PNRR) already agreed with the European Commission.

The local economy is also feeling the pressure. Subdued recovery in Western Europe and rising inflation are likely to also put a brake on Romania’s GDP growth. The central bank increased the monetary policy rate once again in November (to 1.75%) as the annual inflation climbed to 8% in October.

Energy continues to hold the spotlight in terms of investments and new projects. Meanwhile, more and more local companies from all sectors turn to the Bucharest Stock Exchange for financing and the size of equity and bond placements has increased. Several Romanian companies have even started to raise money from the local capital market to expand abroad.

In the banking sector, the top news in November came from Raiffeisen Bank, which announced who will replace its Dutch CEO Steven van Groningen, who steps down after 20 years.

November also came with some good news for music fans: several big festivals in Romania have announced they plan to return with new editions next year. 
 

Below, you can browse through the most important topics in November, grouped by relevance. By clicking on a title, you can read the whole article on the Romania-Insider.com website.

 


COVID-19 - Fourth wave has passed

 

 


POLITICS: Former foes become allies

 

Domestic politics


Political decisions with impact on business

 


MACROECONOMY : Engine cools down

 

 


BUSINESS: Energy, capital market under the spotlight

Energy sector


Financing, M&A, new investments


Retail, real estate


Other business news

 


 

SOCIAL & LIFE:  Mixed feelings

Social issues


Sports & entertainment

 


RI+

Tully: A Romanian startup's solution to help children with ADHD

 


Robert Hellwagner, Selgros CEO: After 4 years of living here, I see Romania as my home

 


Walter Ebm, CEO of Wiener Privatklinik, on why Romanian patients seek treatment in Austria

 


Travel YouTubers spend a month in Romania: This country is so rich in great attractions

 


Going out options in Bucharest and the country this holiday season

 

editor@romania-insider.com

Normal
 

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