eMAG has operations in Romania, Bulgaria and Hungary and a marketplace hosting 40,000 sellers.
The Austrian lender, which has become more and more reliant on its Russian business over the years, is still rethinking its presence in the country.
Most growth in global power generation by 2050 will be solar and wind, according to oil supermajor BP’s annual benchmark report, the 2023 Energy Outlook.
Russian pipeline gas flowing to Europe dipped to a record low in January, down 30% compared with supplies in December, while experts warn that there could be significant further downside risk to the country’s deliveries.
wiiw believes that most countries of the region have “probably already digested” most of the economic shock caused by the Ukraine war, provided Russia does not escalate the conflict further.
Bank to address market failures and support economic development and investments.
Total financing raised by Romanian startups in 2022 rose by 12% y/y €102mn, according to the latest Romanian Venture Report.
The weak macroeconomic backdrop and the spectre of possible recession are likely to stifle M&A in the coming months, according to the annual CMS/Emis Emerging Europe M&A Report.
The countries on Nato’s eastern flank believe they are now leading the debate on how to confront the Kremlin, as demonstrated by the row over supplying modern battle tanks to Ukraine.
‘Cooperation in a fragmented world’ was the theme at the World Economic Forum in Davos, but Europe is still struggling to catch up with the cleantech policies of the US and China.
Biggest deals were takeovers of ExxonMobil's Romanian assets, Ford Romania and CA Immo’s office buildings portfolio.
Sovereigns move quickly to tap international capital as they anticipate rising yields later in 2023.
Romania's construction works index shows outstanding growth of 16% y/y in January-September and 29% versus the same period of pre-COVID year 2019.
Europe faces another energy crisis that may start in the summer, leading gas and power prices to spike again. Europe won this winter’s battle in the energy war with Russian President Vladimir Putin, but will receive even less gas than last year.
Last year was a disaster for Europe as Putin’s energy war wreaked chaos on Europe’s economies by sending up gas prices 20-fold, fuelling run-away inflation and an energy crisis that drove millions into poverty. Another crisis could be coming.
Romania's two car producers hike production by 20% in 2022 and plan further investments.
The downward trend is the result of low value-added activities outsourced by foreign industrial groups combined with the lowest innovation in Europe among local enterprises.
The central bank expects the annual inflation to ease slightly during the first quarter of this year.
The European Bank for Reconstruction and Development invested a record €13.1bn into its Emerging Europe and Eurasia region in 2022, the bank announced on January 12.
Digitail digitises the administrative tasks of animal hospitals, from scheduling and record keeping to inventory management, billing and customer communication.