Romania

Battle for Bucharest mayor seat heats up

Iulian Ernst in Bucharest February 29, 2024

Ex-mayor Gabriela Firea unexpectedly announced her candidacy, while Romania's ruling parties are still discussing who to nominate.

Ukraine's Zelenskiy seeks support from Southeast Europe at Tirana summit

bne IntelliNews February 28, 2024

Ukrainian president and Albanian prime minister warn of Russian threat to destabilise the region.

Liberty Steel's financial crisis is just the latest blow for CEE's steel industry

Robert Anderson in Prague February 28, 2024

The woes of Liberty Steel's mills also reflect the struggle of former Communist Central and Eastern Europe’s once mighty steel sector to remain competitive.

Macron says sending Nato ground troops to Ukraine should not be ruled out

bne IntelliNews February 27, 2024

French president says Russia now presents a greater danger and nothing should be excluded.

Commercial real estate investment dropped by 55% in Central Europe in 2023, says Cushman & Wakefield

bne IntelliNews February 26, 2024

The highest proportion of the capital went into the office sector, although its share dropped from 41% in 2022 to 32% in 2023 because of the increasing trend towards remote work.

GapMinder sets up €80mn VC fund with EU, EBRD among investors

bne IntelliNews February 23, 2024

Fund to target Romania and the region with focus on fintech, cybersecurity, enterprise automation and data/analytics.

Romania’s president pitches to be CEE's candidate for Nato top seat

bne IntelliNews February 23, 2024

The alliance's CEE countries had hoped to be strong contenders to helm the alliance this time around, but the Netherlands' Mark Rutte appears to have it in the bag already.

World Bank says Emerging Europe needs tougher targets to reach net zero by 2060

Aidą Kadyrzhanova in Prague February 22, 2024

New World Bank report charts path to net zero energy in Emerging Europe and Central Asia, but says current ambitions are too modest.

With decisive actions, net zero energy is within reach in Emerging Europe and Central Asia, says new World Bank report

IntelliNews Press Release Service February 22, 2024

A new World Bank report released today lays out pathways for countries in the emerging Europe and Central Asia region to make the shift towards renewable energy and reduce their fossil fuel dependence.

With decisive actions, net zero energy is within reach in the Emerging Europe and Central Asia, says new World Bank report

IntelliNews Press Release Service February 22, 2024

A new World Bank report released today lays out pathways for countries in the emerging Europe and Central Asia region to make the shift towards renewable energy and reduce their fossil fuel dependence.

Fusion another step closer?

by Roberta Harrington in Los Angeles February 21, 2024

Fusion, the holy grail of the energy transition, is closer than ever before. But it’s still unclear whether it can be commercialised in time to ward off the climate crisis.

Romania starts €200mn dredging operation at port used for Ukraine exports

Iulian Ernst in Bucharest February 21, 2024

Expanding capacity of Romania’s Constanta Port will help Ukrainian grain exporters bypass Poland, where farmers’ protests have erupted.

CEE losing competitiveness because of soaring wages and weak productivity growth

bne IntelliNews February 19, 2024

Unit labour costs have surged by 25% since 2020 – something not seen since the early 2000s, says Capital Economics

Clear east-west divide in EU for gender balance in science and engineering

bne IntelliNews February 15, 2024

Female employment in science and engineering is well above 50% in multiple regions of Central and Southeast Europe, Eurostat figures show.

Romania’s industrial output shrinks by 4.9% in 2023

bne IntelliNews February 15, 2024

Industrial activity has deteriorated in Romania, with the overall industrial output index (chart) contracting by 4.9% y/y in 2023 according to data published by the statistics office INS. Romanian industry has been losing ground since before COVID.

World must invest $8 trillion in renewables by 2030 to meet COP28 goal

by Roberta Harrington in Los Angeles February 14, 2024

Investment of as much as $8 trillion in renewable energy and half of that in grids and storage is required to meet the goal of tripling renewable energy capacity by 2030, as agreed at COP28 in Dubai in December.

Bulgaria and Romania to revive €6bn Danube hydropower project

bne IntelliNews February 14, 2024

Neighbouring countries are updating old plans to build a major new hydropower plant on the Danube between Nikopol and Turnu Magurele.

Balkan governments mull military service amid regional and global tensions

bne IntelliNews February 14, 2024

Politicians in Croatia, Romania and Serbia have all discussed a potential move to a form of military service.

Romanian central bank keeps policy rate at 7%

bne IntelliNews February 14, 2024

BNR expects steady disinflation after headline inflation dropped from a peak of 16.8% y/y in November 2022 to 6.6% y/y in December 2023.

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