Romania
ING: What is the impact of immigration on eurozone inflation?
Immigration can affect inflation and, in turn, monetary policy in two opposing ways. And the jury’s still out as to its overall impact on the eurozone.
Analysts expect Romania’s central bank to cut policy rate on July 5
First rate cut since January 2023 anticipated after fall in headline inflation in June.
European Commission clears NPP expansion project in Romania
New reactors at the Cernavoda nuclear power plant are expected to avoid the emission of 20mn tonnes of CO2 per year.
VISEGRAD BLOG: Can Europe stand firm in its support for Ukraine as it struggles to contain Russian aggression?
With the Netherlands, Belgium, France, Bulgaria and probably Austria this autumn lurching to the right, isn’t it only a matter of time before the balance in Europe shifts in favour of pressuring Kyiv to accept “peace” on the Kremlin's terms?
wiiw sees brighter growth prospects for ‘resilient’ Emerging Europe
Growth is mainly driven by a strong rise in real wages, leading to higher private consumption, while EU members are showing resilience in the face of Germany's economic downturn.
Local, international and regional chains vie for Balkans’ expanding food retail market
Consumer markets in Southeast Europe are booming, in what is largely a catch-up story.
Poland, Hungary and Slovakia set to enter EU's Excessive Deficit Procedure
Hungary, Poland and Slovakia breached the 3% of GDP budget deficit threshold in 2023 and are expected to continue to do so in 2024 and 2025.
Greenpeace accuses OMV of ignoring risks posed by naval mines to Neptun Deep project
Neptun Deep is the largest natural gas project in the Romanian Black Sea and Romania’s first deepwater offshore project.
We are in the epicentre of the information war, says Jourova
The European Commission is investigating whether “new risks”, notably the use of artificial intelligence and cyberattacks, influenced this month’s European Parliament elections
Average net wage in Romania grows by 7.9% y/y in April
April 2024 saw some of the highest growth rates since before the pandemic.
Romania’s April industry figures continue positive trend
Romania’s industrial output surged by an impressive 12.1% y/y, while the core manufacturing industry grew by 16.9% y/y in April.
Falling inflation in Romania fuels expectations of July rate cut
Romania’s headline inflation rate dropped from 5.9% in April to 5.1% y/y in May.
Global temperature rise likely to exceed 1.5°C temporarily within five years, says WMO
There is an 80% likelihood that the annual average global temperature will temporarily exceed 1.5°C above pre-industrial levels for at least one of the next five years, according to a new report from the World Meteorological Organisation.
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OMV Petrom invests €560mn to produce sustainable fuels
Southeast Europe's largest integrated energy producer to produce sustainable aviation fuels and biodiesel at Romania's Petrobrazi refinery.
Poland's Szallas Group buys Romanian online tour operator LitoralulRomanesc
The deal will widen the offering of Romanian tour operator Travelminit.ro, which Szallas Group previously took over in 2020.
Romania’s foreign trade and deficit both gain momentum in April
Trade deficit widened by 29% y/y indicating a deterioration in the country’s external balance.
BALKAN BLOG: The creeping success of the far right in Southeast Europe
Far-right parties are now a third force in Croatia, Bulgaria and Romania, despite victories for centrists on election day.
VISEGRAD BLOG: Rise of far right in CEE's European elections is a worrying sign for the future
Far-right parties are now an established part of the political spectrum in CEE member states, but they are not yet topping the polls as in the eye-catching results in France, Belgium and Austria in Western Europe.
Romania’s ruling coalition confirms lead position in European and local elections
Results put PSD-PNL alliance in a strong position ahead of upcoming general and presidential elections.
German, French luxury carmakers lobby EU to hold off on export restrictions to Belarus
The German and French makers of luxury cars are lobbying the EU to prevent sanctions on exports of their products to Belarus, which eventually end up in Russia.