Romania
Romanian president makes new PM nomination in attempt to end political deadlock
Nomination triggers a confrontation within the centre-right PNL and opens a new chapter in efforts to rebuild a pro-European governing coalition on shaky foundations.
Romanian president urges parties to back PM-designate Tomac amid coalition deadlock
Nicușor Dan warns against prolonged instability as he struggles to find support for effort to rebuild a pro-Western majority.
Romania’s public debt exceeds 60% of GDP for first time at end-March
European Commission expects Romania’s public debt to rise further to 61.6% of GDP at end-2026 and 63.4% by end-2027.
Romania’s largest solar park comes online
The 169 MW Iepurești photovoltaic park in Giurgiu County, fully owned by Israeli developer Nofar Energy, has entered the operational phase and is moving towards commercial operation, the company announced.
Explosion of Ukrainian naval drone in Romania’s Constanța port triggers fresh tensions
Russian strikes close to Romanian territory and Ukrainian counter-operations highlight the growing complexity of security challenges facing Romania as the war increasingly affects the wider Black Sea region.
EBRD2026: EBRD, EU expand InvestEU support with €478mn in new guarantees
Additional guarantees to enable EBRD to finance higher-risk projects that may otherwise struggle to secure commercial funding.
Romanian president nominates adviser Eugen Tomac as PM, proposes technocratic government
President Nicușor Dan says the "only possible solution" to Romania's ongoing political crisis is a prime minister independent of the parties in parliament.
Middle East conflict and energy shock slow growth across EBRD regions
Bank warns higher energy costs are reigniting inflation, weakening industrial competitiveness and straining already fragile public finances
Moldova's deputy PM says reunification with Romania envisaged if EU accession stalls
Unification with Romania is being discussed as a potential long-term alternative should Moldova's EU accession ambitions fail to advance.
Tensions rise between Romania and Russia after drone strikes apartment block
A drone struck an apartment block in Romania's Galați, close to the Ukrainian border, causing a fire and prompting the evacuation of dozens of residents.
Bulgaria the latest addition to the EU’s Excessive Deficit Club
Bulgaria has barely had time to celebrate joining the eurozone monetary union at the start of this year before the European Commission is set to turn around and throw it into the rapidly growing financial delinquents club.
Russian drone struck by Ukrainian air defences crashes into Romanian apartment block in Galati
Details are still emerging, but confusion reigned after what appears to be a Russian Geran-2 drone struck an apartment building in the Romanian city of Galati early on May 29 after being hit by Ukrainian air defences.
Drone strikes residential building in eastern Romania, injuring two
Incident is the most serious drone-related event on Romanian territory since Russia launched its full-scale invasion of neighbouring Ukraine in 2022.
Romania’s banking system profitability falls to four-year low in Q1
The sector’s profitability indicators dropped to their lowest levels in four years, after remaining well above the average of other European banking systems in recent years.
Eastern EU faces mounting demographic strain as populations shrink and age, Eurostat says
While the EU’s total population rose slightly, many eastern member states continued to lose population over the longer term through emigration, low fertility and high mortality rates.
Bulgaria’s TBS eyes €42mn acquisitions across UK, Sweden, Romania
Telelink Business Services' supervisory board has approved plans to acquire majority stakes in five ICT companies in the UK, Sweden and Romania, with total consideration of up to €42.3mn.
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Hungary in talks to buy 1bn cubic metres of Romanian Black Sea gas annually
Hungary's new government is expected to decide within weeks on a contract to buy 1bn cubic metres of gas annually from Romania's Neptun Deep Black Sea field, Index has reported, citing informed sources.
Romania signs €16.7bn SAFE financing agreement with European Commission
Bucharest secures one of the EU’s largest allocations for military procurement and strategic infrastructure projects.
Romania seeks to secure €771mn RRF grant tied to renewable energy land reform
Romania is still on track to meet a key Recovery and Resilience Facility (RRF) milestone linked to a €771mn grant for renewable energy investments, acting Agriculture Minister Tanczos Barna said.
Fitch expects Romania to limit macroeconomic damage from political crisis
Rating agency expects limited near-term impact from political crisis on public finances, despite growing uncertainty surrounding the formation of a new government and fiscal consolidation efforts.