EC bans Ukrainian grain imports to Central Europe for another five months, Kyiv bans sugar exports in response

by Wojciech Kosc in Warsaw, Ben Aris in Berlin June 6, 2023

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

Ben Aris in Berlin June 5, 2023

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

bne IntelliNews June 2, 2023

European leaders stress the importance of European solidarity and affirm support for states on the continent’s Eastern Flank.

VISEGRAD BLOG: Macron makes the weather in Eastern Europe

Robert Anderson in Prague May 31, 2023

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

Iulian Ernst in Bucharest May 31, 2023

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.

bneGREEN: Clean energy investment is extending its lead over fossil fuels – IEA

by ROberta May 30, 2023

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

bne IntelliNews May 26, 2023

Growth lost momentum from March, but hike in foreign currency loans prompted central bank warning.

BALKAN BLOG: Political upheavals force uneasy new alliances

Clare Nuttall in Glasgow May 26, 2023

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

Clare Nuttall in Glasgow May 25, 2023

Democratic governance deteriorates in Emerging Europe and Central Asia, with worst declines in already authoritarian regions.

bneGREEN: Chinese solar exports climb 64%

by Roberta Harrington in Los Angeles May 24, 2023

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

bne IntelliNews May 24, 2023

e-export nation platform to help SMEs export their products to more than 190 countries.

OPINION: Romania's fast-growing foreign debt

Alexandru M. Tănase and Mihai Radoi May 23, 2023

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

Iulian Ernst in Bucharest May 23, 2023

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. raises $35mn in Romania’s largest series A funding to date

Iulian Ernst in Bucharest May 23, 2023

Investment to fund's global expansion and product development.

Construction activity in Romania pushed up by civil engineering in Q1

bne IntelliNews May 23, 2023

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

Ben Aris In Samarkand May 18, 2023

The first investments are due to begin in six counties in sub-Saharan Africa in 2025.

Agricover's IPO flops on Bucharest Stock Exchange

Iulian Ernst in Bucharest May 18, 2023

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

Clare Nuttall in Samarkand May 16, 2023

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

by Roberta Harrington in Los Angeles May 14, 2023

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.

Ben Aris in Berlin May 12, 2023

At 11.2%, Romania's April inflation surprised to the downside as both the market consensus and our expectations were 11.5%.