The company failed to capitalise on the e-commerce rally prompted by the coronavirus lockdowns in a market dominated by eMAG.
The global pipeline of proposed coal power plants has collapsed by 76% since the Paris Agreement in 2015, bringing the end of new coal power construction into sight, new research by green think-tank E3G finds.
Finland’s Betolar is pioneering the production of low-carbon cement by using alternative industrial waste products in a process that could reduce CO2 emissions by up to 80%.
€3.5bn Eurobonds issued in July pushed debt up to RON545.3bn at the end of the month.
Investment fund says management of Bucharest Airports National Company wants to dilute its stake to 0.7% through the capitalisation of an overvalued plot of land used by Baneasa airport.
Blue chips Medlife and TeraPlast and real estate developer Impact boasted price increases in excess of 100% in 12 months.
Headline inflation in Romania accelerated from 4.95% y/y in July to 5.25% y/y in August, reaching the highest level since May-June 2018.
Targeted EU fiscal rule reform is desirable but should consider the inherent risks for smaller member states.
The trade deficit posted by Romania in July was the second-largest ever at €2.2bn.
Funds raised through private sale of cryptocurrency with investment arm of blockchain company Elrond and blockchain investor Razvan Munteanu among the investors.
The collapse of Romania’s coalition government could disrupt fiscal consolidation efforts, which are key to resolving the negative outlook on Romania’s BBB- rating, rating agency said.
Romania’s GDP advanced by 1.8% q/q in the second quarter of the year, marking a 13% annual advance compared to the ‘lockdown quarter’ of 2Q20.
Romania moved from having a relatively stable and functioning centre-right ruling coalition to an explosive political situation with no credible mediator to defuse it.
Consumption has already returned to pre-crisis growth rates and is not far from where it would have been in the absence of the COVID-19 crisis.
USR-PLUS to work with radical rightwing AUR to bring no-confidence motion against Florin Citu's government.
Figures suggests higher energy prices have not yet passed through to consumer prices so further supply-side inflationary pressures are expected.
USR-PLUS accuses Citu of planning to misuse public money through the €10bn public investment plan.
High demand for wood for the booming global furniture market, poverty, persistent corruption and huge areas of sparsely populated forest land combine to create the conditions for illegal logging in Emerging Europe.
PSD leader puts no-confidence motion on hold but says if “millions of Romanians” take to the streets Florin Citu’s government would be overthrown.
NGO finds dozens of methane leaks, including next to children’s playground.