Romania
bneGREEN: EU MEPs back binding methane targets
In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.
Romania’s president appoints General Nicolae Ciuca as second PM-designate
Ruling PNL party plans to form a minority cabinet with the support of the ethnic Hungarian UDMR, and without their former partners, the USR.
.jpg)
Ciolos fails to win confidence vote in Romanian parliament
USR's leader cabinet failed to secure support from any other party and was only backed by 88 MPs out of a total of 466.
Balkan Stream countries hope to avoid worst of international gas crisis
While the debate rages over the Nord Stream 2 pipeline, a separate pipeline system carrying Russian gas to Southeast Europe has been quietly opened over the last few years, which enables the countries on its route to avoid the worst of the gas crisis
wiiw hikes 2021 CEE growth forecast to 5.4%
Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.
bneGREEN: Green policies set to reduce EU gas demand to baseload core
While the current gas crisis in the EU sees record-high wholesale gas prices, hurting consumers and causing the latest round of a supply disputes with Russia, the race to net zero by 2050 could have deeper long-term consequences for EU gas demand.
bneGREEN: Romanian bank BCR issues first green bond
Lender BCR joins a growing number of corporate issuers of green bonds in Romania.
Romania’s hospitals overwhelmed by devastating fourth wave of pandemic
Military hospitals expand capacity to treat COVID-19 patients and neighbouring countries offer help.
Romania’s industry stagnates, dragged down by disruptions in car production
Romania's automotive industry had been going strong pre-crisis and seemed to recover in late 2020 — only to be depressed by the semiconductor crisis this year.
CEE needs to speed up transition to new growth model, argues GLOBSEC report
Annual CEE Strategic Transformation Index puts Slovenia top in CEE (after Austria), followed by Czechia and Poland.
Romania’s trade gap one quarter wider than before crisis
Strong growth in both exports and imports in August resulted in trade gap of €1.73bn.
CEE/SEE countries unite in defence of nuclear power
EU’s pro-nuclear member states want nuclear energy to be included in the bloc's green taxonomy as a way to ameliorate climate change.
Romania’s stock exchange outperforms global benchmarks in September
The Bucharest Stock Exchange's main BET index surged by 29% in January-September, more than double the growth of the US’ S&P 500 index or Europe’s STOXX600.
Acting Romanian PM Citu angers opposition with €200mn gift to mayors
Opposition Social Democrats say they will file criminal charges against Florin Citu, claiming he channeled the money to mayors who backed him in the National Liberal Party leadership election after losing confidence vote.
Political turmoil triggers interest rate normalisation cycle in Romania
A couple of hours before the fall of Florin Citu's government, the National Bank of Romania hiked the monetary policy interest rate by 25bp to 1.5%.
Romanian parliament votes to dismiss Florin Citu's government
After MPs vote to oust Citu, it's unclear how a new government could be formed by the current parliament, and early elections cannot be ruled out.
Fire rips through Romanian COVID-19 ward killing seven
Third deadly fire breaks out in a Romanian COVID-19 hospital as government struggles to manage the fourth wave of the pandemic.
Central bank survey shows FDI in Romania is mostly reinvested profits
New FDI, meaning equity investments by incumbent or new foreign investors, added up to less than €1bn in 2020.
_0.jpg)
Political turmoil, COVID-19 wave subdue investors’ fundamental optimism in Romania
Investors share robust confidence in the Romanian economy, but the political turmoil and, to some extent the potential impact of the fourth wave of the pandemic, are toning down their optimism.
Romanian online retailer Elefant repays bond before planned IPO
Elefant.ro is reportedly planning an IPO on the Bucharest Stock Exchange in November.
