Romania
EC bans Ukrainian grain imports to Central Europe for another five months, Kyiv bans sugar exports in response
Five EU member states bordering Ukraine will be allowed to keep some of their restrictions on imports of Ukrainian agricultural produce in place until September 15, the European Commission decided on June 5.
bneGREEN: Europe saves €100bn from the switch to renewables due to the Ukraine war
European electricity consumers will save some €100bn on their energy bills, due to the rapid expansion of renewable energy sources caused by the Russian induced energy crisis the International Energy Agency said in a report.
Support for Moldova, solidarity with Ukraine at second EPC summit
European leaders stress the importance of European solidarity and affirm support for states on the continent’s Eastern Flank.
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VISEGRAD BLOG: Macron makes the weather in Eastern Europe
The French president tried to persuade sceptical East Europeans that they had nothing to fear from a Europe that was more self-reliant in security – and he almost pulled it off.
Teachers strike puts Romania’s ruling coalition at risk
Thousands of teachers marched through Bucharest calling for higher wages but with tax revenues well below target the government can’t afford a pay rise.
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bneGREEN: Clean energy investment is extending its lead over fossil fuels – IEA
Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to the IEA.
Stock of bank loans in Romania grows 8.8% y/y in April
Growth lost momentum from March, but hike in foreign currency loans prompted central bank warning.
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BALKAN BLOG: Political upheavals force uneasy new alliances
Grand coalitions between rivals are one symptom of the radically changed political landscape of the last decade.
Freedom House says Ukraine war threatens democracy across Emerging Europe
Democratic governance deteriorates in Emerging Europe and Central Asia, with worst declines in already authoritarian regions.
bneGREEN: Chinese solar exports climb 64%
China's solar exports grew 64% in 2022 to $52bn despite global tensions, according to analysis by consultancy Wood Mackenzie.
eBay teams up with Posta Romana to get Romanian products to foreign online shoppers
e-export nation platform to help SMEs export their products to more than 190 countries.
OPINION: Romania's fast-growing foreign debt
It is high time to scrutinise the sustainability of Romania’s foreign debt, which has reached over €154bn and close to 60% of the country’s GDP.
Teachers’ strike threatens to blow up Romania’s fragile ruling coalition
Speculation PM Nicolae Ciuca about to resign as neither of Romania's main ruling parties wants to take responsibility for refusing teachers a pay rise ahead of the super-election year in 2024.
FlowX.ai raises $35mn in Romania’s largest series A funding to date
Investment to fund FlowX.ai's global expansion and product development.
Construction activity in Romania pushed up by civil engineering in Q1
Construction activity measured by the construction works index in Romania increased by 12.7% y/y in Q1.
EBRD 2023: Bank to expand into the whole of Africa plus Iraq
The first investments are due to begin in six counties in sub-Saharan Africa in 2025.
Agricover's IPO flops on Bucharest Stock Exchange
The listing failure comes as the BVB is preparing for the landmark IPO of up to 20% of power group Hidroelectrica.
EBRD cuts regional growth forecasts again but Central Asia still going strong
Inflation remains a drag on growth in Emerging Europe, along with sluggish growth in advanced economies and stricter financing conditions in Central Europe and the Baltic states.
bneGREEN: First ever nuclear fusion PPA signed
A nuclear fusion energy company, Helion Energy, has signed a power purchase agreement with high-tech giant Microsoft to supply electricity generated from its first fusion power plant.
ING: Disinflation in Romania is becoming more evident.
At 11.2%, Romania's April inflation surprised to the downside as both the market consensus and our expectations were 11.5%.
