Romania’s GDP rose in 1Q19 at the fastest rate in the past five quarters, but besides the positive sentiment this generated, the figure also consolidates concerns related to the sustainability of the wage-led growth.
Annual global production of plastics has increased dramatically, from 15mn metric tons in 1964 to over 350mn metric tons now, however, a new technology can break down polymers and effectively recycle them
New units at Cernavoda NPP to help Romania boost energy security and cut emissions by reducing reliance on coal power.
Sales of electro-IT goods down 1.7% in 1Q19, finds GfK study, despite "crazy growth" of phablet sales as Romanians switch to larger-screen mobile devices.
Romania's average retail sales index was up 8.4% y/y in 1Q19, the highest annual growth rate in the past five quarters and no surprise after the net average wage rose by 14% y/y in January-February.
The Belt and Road Initiative (BRI) is no less than an attempt by the Chinese to reshape the international order, but it has acted as a strategic opportunist and has no clear development plan.
Warsaw wants the EU to devolve more powers to national governments and opposes deeper integration of some – mostly Western – member states in specific policy areas.
Bucharest-born tech unicorn brings in new investors in funding round led by hedge fund Coatue that makes it one of the world's most valuable AI enterprise software companies.
Russia’s expenditure falls for a second year, even though Moscow fears are driving defence outlays elsewhere. Turkey committed a league-topping 24% more while Iran spent 9.5% less on its armed forces as US tightened economic noose.
After nearly three decades since the end of the socialist experiment many countries in Central and Eastern Europe (CEE) have made enormous progress, but they are still catching up to their western peers. But not in fintech.
Southeast Europe enjoys a largely free and vibrant press, but an index developed by consultant Keshif shows that the press is coming under pressure and diversity and quality are slipping.
Changes to the criminal codes have been widely criticised for weakening the rule of law and Romania’s anti-corruption fight, sparking mass protests in the country and criticism from the EU and Romania’s foreign partners.
Central and Eastern Europe faces a demographic catastrophe in the coming decades that will see Central Asia pull ahead of the eastern EU member states in population terms by the end of the century.
New study by Colliers International and CMS reveals shortfall in CEE student housing estimated at up to €4bn.