bneGREEN: Paris Accords targets will be missed, World on course to see 2.7C-3.1C increases in temperature by 2100 without drastic reductions

bne IntelliNews November 8, 2021

The global community will miss the Paris Accord target of keeping temperature rises to 1.5C and will see them climb to between 2.7C and 3.1C by 2100 unless emissions are cut by 15% a year from now on.

Bucharest stock exchange rebrands for the digital future in a record year

Clare Nuttall in Glasgow November 8, 2021

Amid the global stock market rally as the world recovers from the coronavirus pandemic, the Bucharest Stock Exchange has performed particularly strongly.

Romanian micro-financing platform Instant Factoring expands in Serbia

bne IntelliNews November 8, 2021

Romanian fintech says the potential of the Serbian market, as revealed by the growing amount of outstanding invoices and late payments, is increasing.

Romania’s retail sales up 9.4% y/y in Q3, but keep moderating

bne IntelliNews November 8, 2021

The rise in retail sales is stabilising after the pronounced volatility seen during the first year of the pandemic.

bneGREEN: Gas and nuclear lobby hard to be declared green in Europe

Richard Lockhart in Edinburgh November 5, 2021

Gas and nuclear power should be considered as sustainable investments in the EU green taxonomy, a confidential non-paper sent to the European Commission on October 29 and circulating in Brussels has claimed.

EBRD lifts emerging Europe forecasts but warns of threats ahead

bne IntelliNews November 4, 2021

The EBRD has increased its 2021 GDP growth projection for the emerging Europe and SEMED regions where it operates to 5.5% after a strong performance in H1.

Banca Transilvania to create digital banking hub with Idea::Bank acquisition

bne IntelliNews November 3, 2021

Idea::Bank is the third bank purchased by Banca Transilvania, after Bancpost and Volksbank Romania.

Romania’s PM-designate quits before vote in parliament

Iulian Ernst in Bucharest November 2, 2021

No clear way out of Romania's worst political crisis in decades as second attempt to form new government flops.

THE VIEW FROM MITTELEUROPA: German traffic light coalition could worsen frictions with CEE

Marcus How and Gunter Deuber in Vienna November 1, 2021

A new centre-left government in Berlin could help create a two-tier Europe, especially if it promotes rule of law penalties.

eMAG Ventures invests in Romanian refurbished phones marketplace

bne IntelliNews October 28, 2021

Investment fund created by eMAG, Romania's largest online retailer, backs refurbished phones marketplace in debut deal.

bneGREEN: UN warns that net-zero pledges are insufficient and not urgent enough

By Richard Lockhart in Edinburgh October 27, 2021

A majority of G20 net-zero pledges made so far are not strong enough and are not backed up by meaningful and effective promises of action.

Romania’s Blue Air to stick to London IPO plan despite failed reverse takeover

Iulian Ernst in Bucharest October 27, 2021

Ridgecrest terminated talks on a possible takeover of Romanian low-cost airline Blue Air, but the airline still plans to press ahead with a London IPO in 2022.

bneGREEN: EU MEPs back binding methane targets

bne IntelliNews October 25, 2021

In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.

Romania’s president appoints General Nicolae Ciuca as second PM-designate

bne IntelIiNews October 22, 2021

Ruling PNL party plans to form a minority cabinet with the support of the ethnic Hungarian UDMR, and without their former partners, the USR.

Ciolos fails to win confidence vote in Romanian parliament

bne IntelIiNews October 21, 2021

USR's leader cabinet failed to secure support from any other party and was only backed by 88 MPs out of a total of 466.

Balkan Stream countries hope to avoid worst of international gas crisis

Clare Nuttall in Zagreb October 21, 2021

While the debate rages over the Nord Stream 2 pipeline, a separate pipeline system carrying Russian gas to Southeast Europe has been quietly opened over the last few years, which enables the countries on its route to avoid the worst of the gas crisis

wiiw hikes 2021 CEE growth forecast to 5.4%

Robert Anderson in Prague October 21, 2021

Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.

bneGREEN: Green policies set to reduce EU gas demand to baseload core

By Richard Lockhart in Edinburgh October 18, 2021

While the current gas crisis in the EU sees record-high wholesale gas prices, hurting consumers and causing the latest round of a supply disputes with Russia, the race to net zero by 2050 could have deeper long-term consequences for EU gas demand.

bneGREEN: Romanian bank BCR issues first green bond

bne IntelliNews October 15, 2021

Lender BCR joins a growing number of corporate issuers of green bonds in Romania.

Romania’s hospitals overwhelmed by devastating fourth wave of pandemic

bne IntelliNews October 14, 2021

Military hospitals expand capacity to treat COVID-19 patients and neighbouring countries offer help.