Swisspod Technologies, co-founded by Romanian Denis Tudor, is developing a fully-electric capsule that travels at near-sonic speeds.
Bucharest Stock Exchange becomes increasingly attractive for investors after last year's Hidroelectrica IPO.
PwC and CEE Digital Coalition believe the Central and Eastern Europe region has the potential to create the EU’s Silicon Valley.
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
First European magnesium mining project in a decade will ease continent's reliance on imports from China.
After spiking to 20-year highs thanks to the pandemic and Europe’s Russian induced energy crisis, inflation rates across the EU have tumbled in recent months. That trend has ended and CEE central banks are expected to hike rates again in 2H24.
While digital infrastructure in the region is growing, support infrastructure designed to handle the growth in demand is what requires investment.
Methane emissions are 80 times more damaging than carbon dioxide. Rather than falling, they are currently at an all-time high and rising. The IEA says they need to fall by 75% by 2030 if the Paris Accord targets are going to be met.
The EU is preparing a new fourteenth package of sanctions that is slated for adoption in the coming months, but is unlikely to introduce any new products and will focus mostly on enforcing the existing thirteen rounds of sanctions.
US Treasury Secretary Janet Yellen, while visiting China, said she will not rule out more tariffs on China’s green exports such as solar products and electric vehicles.
On Monday, 8 April, Germany sent an advance team of 20 soldiers to Lithuania, laying the groundwork for the recently discussed establishment of a permanent brigade in the Nato country, Statista reports.
Concentrations of CO2, methane and nitrous oxide climbed to record levels in the global atmosphere in 2023, contributing ever more to the climate crisis. This is according to scientists from the US National Oceanic and Atmospheric Administration.
The EU has exited the heating season with a record volume of gas in storage, following another mild winter and as a result of reduced industrial demand and a concerted effort by policymakers to boost stockpiles.
A new analysis by the energy think-tank Ember has found that several countries in Europe could soon face bottlenecks in their national transmission energy grids, as more solar and wind power will be generated than these networks have capacity for.
The world’s leading Emerging Markets are moving rapidly up the World Bank’s latest GDP rankings in PPP (purchase power parity) terms as well as the annual foreign direct investment confidence ranking.
Winter is over, as the EU gas tanks switch from withdrawals to filling mode again in preparation for next winter. Injection into the gas tanks started on April 1, a week earlier than in 2023 and started at an all-time high record level of 59.3% full.
Inflation is expected to continue decline, but still unclear if central bank will launch monetary easing cycle in May.
Salt Bank was created on the foundations of Idea Bank, which was taken over by Banca Transilvania.
Ahead of BNR rate-setting meeting, BCR and ING analysts say they expect no change in April but policy rate to be reduced to 5.75-7% by end-2024.
One of Europe’s poorest regions is tackling labour shortages by importing workers from as far away as Bangladesh, India and Nepal.