WOOD Flash – Romania macro: trying to please everyone
The economic challenges posed by COVID-19 have complicated the political landscape further, and led the PNL government to swallow a rather generous boost in pensions and child allowance. The government may also lose the majority in the near term, which would most likely imply a de facto delay in the reform plan that is needed to take full advantage of the EU recovery fund. Local elections are due on 27 September, and general elections must take place by March 2021.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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