€3bn development is among an increasing number of topics where the centre-right coalition is failing to find common ground.
The combination of low interest rates, accumulation of reserves in households’ accounts and rising demand for housing resulted in a booming housing market not only in Romania but globally.
Safetech plans to target the UK and US markets after fundraising.
News of Porsche Engineering’s second Romanian R&D site follows investment announcements from components producers Dräxlmaier and Continental.
Transparency International survey shows citizens of Slovenia and Bulgaria were most likely to think their government was run by a few big interests looking out for themselves.
Romania’s industrial production index soared by 68% on an annual basis in April, an expected correction after one-third of the industrial sector stopped operating in April 2020.
Romania’s average net wages posted an impressive 11.9% annual advance to RON3,561 in April – but the outstanding performance is largely due to low base effects.
International banking groups remain committed to the region, with their strategies tilted towards expansion or stability despite the coronavirus pandemic, EIB survey shows.
€36mn data centre to be built in southern Romania near Craiova.
The price faced by Russia for aggression must be too high for the Kremlin to countenance, and this is the message that Biden should deliver to Putin – and act upon.
Central bank official warns over banks' climate risk, saying 25.4% of non-government credits finance polluting businesses.
The modern stock of industrial spaces in Romania exceeded the 5mn sqm threshold in 2020 and will reach approximately 5.5mn sqm this year.
Romania’s exports rose by 113% y/y to €6.25bn in April, a robust growth even after the correction for low base effects.
Most CEE governments submitted their national plans after the deadline and two (Bulgaria and Estonia) are yet to finalise them.
Private finance is crucial if emerging economies are not to be left behind in the race to net zero, the IEA warns.
GDP down by just 0.1% compared to Q1 2020 as strong performance industry and IT&C offset contraction of services sector.
Host cites to raise their profiles just as international travel starts to revive, but little hope of the usual tourism and consumer spending bonanza.
The European Commission has selected 72 research and innovation projects that will receive €1bn in funding to support the aims of the Green Deal.
Annualised growth rate now close to the trend growth rate in the pre-crisis period.
Bulgaria has been struggling for years with air pollution in urban areas, particularly in winter.