Annual spending could fall by 1% of GDP as Brussels shifts focus to southern periphery

Economic fundamentals are being tempered by the unease of foreign partners

EU membership makes lack of cash a poor excuse

Hungary deems only small portion of joint project as economically viable

Transformation shows revival of interest in Europe’s sixth-largest capital

Despite some successes, a wary nation lags behind peers on sell-offs

Case threatens to tarnish investment image of one of EU’s poorest countries

The country’s 20m consumers turn to western-style supermarkets

City has pool of qualified workers and is upbeat after success of local technology companies

Meeting place that reflects modern Bucharest — young, creative and with a western European feel

Emi Gal, the country’s answer to Mark Zuckerberg, says it must overcome cultural aversion to risk