Romania
bneGREEN: Paris Accords targets will be missed, World on course to see 2.7C-3.1C increases in temperature by 2100 without drastic reductions
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
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
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
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
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
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
Idea::Bank is the third bank purchased by Banca Transilvania, after Bancpost and Volksbank Romania.
Romania’s PM-designate quits before vote in parliament
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
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
Investment fund created by eMAG, Romania's largest online retailer, backs refurbished phones marketplace Flip.ro in debut deal.
bneGREEN: UN warns that net-zero pledges are insufficient and not urgent enough
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.
_Cropped_0.jpg)
Romania’s Blue Air to stick to London IPO plan despite failed reverse takeover
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
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
Ruling PNL party plans to form a minority cabinet with the support of the ethnic Hungarian UDMR, and without their former partners, the USR.
.jpg)
Ciolos fails to win confidence vote in Romanian parliament
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
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%
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
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
Lender BCR joins a growing number of corporate issuers of green bonds in Romania.
Romania’s hospitals overwhelmed by devastating fourth wave of pandemic
Military hospitals expand capacity to treat COVID-19 patients and neighbouring countries offer help.
