Romania
The use of the ruble in EU trade settlements reaches a record $15.2bn in March
The use of the ruble in settlements for goods and services exported by Russia to European partners was up 58.5% in March 2024 to record levels, according to data from the Central Bank of Russia.
BOFIT: The bilateral relations between China and the European Union are important but challenging
In early May, Chinese President Xi Jinping visited Europe for the first time since 2019. The destinations of the visit were France, Hungary and Serbia. China sought to improve its relationship with Europe, but relations remain tense.
Global warming acceleration at its peak but the La Nina effect this year will reduce temperatures less than expected
Global temperature is now near its peak due to El Niño aerosol decrease. How far will it fall in the coming La Niña? Less than expected.
Romania’s CA balance flat y/y at €3.95bn in Q1
The current account (CA, chart) of Romania remained roughly unchanged in nominal terms (€3.95bn) in the first quarter of the year (Q1) compared to the same period in 2023, according to data published by the National Bank of Romania (BNR).
EBRD2024: EBRD expects Emerging Europe growth boost in 2024, but slightly lowers forecast
Development bank makes downward revision in latest forecasts after worse than expected Q1 figures for Central Europe.
European election results could spell further backtracking on climate policy
Results from the European Parliament elections next month could have major implications for the EU Green Deal and other climate policy, with far-right politicians expected to win more seats.
Romania’s central bank takes cautious stance with no-change policy decision
BNR noted that the CORE inflation eased less than expected during the first quarter of the year.
Joining the EU has been the best reform strategy for any former Warsaw pact country
After 20 years in the EU, a comparison of Poland and Romania with Ukraine, which is waiting to join, highlights the prosperity it brings its newest members.
Trees are “coughing not breathing” due to climate crisis stress, study finds
"We found that trees in warmer, drier climates are essentially coughing instead of breathing," a study by Penn State found.
April 2024 sets global moisture record
April 2024 set a global moisture record for the planet, reports climatologist Ben Noll
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Premier Energy seeks to raise over €135mn with Bucharest IPO
Power and gas utility group Premier Energy's IPO kicks off on May 8, raising funds for its expansion into renewables in Romania and Moldova.
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Energy transition more likely to be delayed with dire consequences, says WoodMac
The world could be heading for a 3-degree C warming trajectory as political headwinds slow the energy transition, says a new report by Wood Mackenzie.
Romania’s April PMI shows output, new orders in positive area after nine-month decline
PMI index compiled by BCR Romania registered its first above-neutral score seen since data collection began last July.
20 years after accession 'big bang' wiiw economists say CEE needs a new model to catch up with the West
Eastern EU members are growing much faster than the eurozone, but must focus more on innovation for a full catchup.
World's longest-serving central bank chief heading for another term in Romania
PM Marcel Ciolacu wants Mugur Isarescu to continue in post he has held since 1990 to ensure monetary stability.
COMMENT: Testing the limits – the politics of EU membership in CEE 20 years after accession
Apathy and lack of trust in national institutions, combined with ‘convergence fatigue’, have created favourable conditions for populist forces that have degraded the quality of institutions in many of the CEE states that joined the EU in 2004.
Romania already exceeded EU’s 2030 green transition target
By 2022, Romania had brought its greenhouse gas emissions down by 56% compared to 1990, above the 55% target set by the EU.
Bankers reassessing accelerating climate crisis in anticipation of trillions of dollars of annual damage
As the climate crisis accelerates, banks are facing increasing financial risks and have begun to try to assess their exposure to the trillions of dollars of damage extreme weather will do every year.
Ahold Delhaize picks Bucharest for new technology hub
Belgian retail group to hire 250 experts to develop applications for all the group’s brands across Europe.
CEE recovering but no full rebound in sight, says wiiw
Germany’s slow recovery is dampening growth prospects for Central and Southeast European economies.