Romania
Romanian retailers warn of €2.1bn annual tax loss from non-EU online platforms
Study projects around 78mn low-value parcels will be shipped into Romania from companies like Shein and Temu in 2025.
Romania expected to hold policy rate at 6.5% until at least Q1 2026
Analysts forecast no change to policy rate at August 8 rate-setting meeting given inflation pressures from recent fiscal adjustments.
Retail sales growth in Romania slows to 1.8% y/y in Q2
Slowdown follows a sharp expansion in 2024 and comes ahead of fiscal and budgetary reforms expected to weigh on household consumption.
US effective tariff rate at 17% after July duties adjustment - Fitch
The United States’ effective tariff rate (ETR) has settled at 17% following the latest reciprocal duty announcements on July 27 and July 31, according to Fitch Ratings.
Renewables make up Dutch power supplies for the first time - OWID
For the first time, in 2024, more than half of the electricity produced in the Netherlands came from renewable sources, and almost all of it (45%) from solar and wind.
Trump Administration's trade deals so far - Statista
On July 27, the United States and the European Union agreed on a trade deal that is lowering tariffs of 30% on European goods threatened by August to 15%, including on cars.
COMMENT: Trump’s energy deal with the EU is delusional – Reuters
The energy deal that US President Donald Trump cut with European Commission President Ursula von der Leyen over the weekend is unrealistic, argues Clyde Russell, Reuters Asia Commodities and Energy Columnist.
Viktor Orban vows to block next EU budget in keynote speech in Transylvania
Hungarian Prime Minister Viktor Orban repeated his threat to block the next long-term EU budget and argued for a multi-speed Europe, while criticising the EU for supporting Ukraine in his annual keynote address at the Baile Tusnad summer university.
Romania avoids downgrade to junk
S&P affirms Romania’s fragile BBB- rating citing fiscal consolidation measures.
Romanian government plans overhaul of state enterprises to increase transparency
Reforms are part of broader government effort to support urgently needed fiscal consolidation measures.
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Romania signs €2bn air defence agreement with Israel’s Rafael
The SHORAD and VSHORAD systems are critical components in Romania’s efforts to modernise its military capabilities amid evolving regional security dynamics.
Maspex secures 21% of Bucharest-listed Purcari winery on first day of takeover bid
Maspex aims to broaden its product portfolio beyond its core soft drinks and food businesses.
Romania's fiscal plan seen reducing deficits but slowing growth, says ING
Romania’s new fiscal consolidation package is likely to reduce the country’s twin deficits over the next two years, but at the cost of significantly slower economic growth, analysts said.
Romania’s industrial output rebounds in May on low base
Romania’s industrial production posted a sharp year-on-year increase of 7.1% in May.
EXPLAINER: Ukraine's EU accession path
The war is not an obstacle to Ukraine's membership of the EU, and most of the EU members states have thrown their support behind getting Ukraine into the club as fast as possible.
CEE healthcare remains attractive as private equity investors branch out into dental and pet care
Two decades after private equity firms first started to bet big on Central Europe’s private healthcare, the sector remains a magnet for investors, who are also eyeing deals in adjacent sectors.
Etihad Airways announces seven new routes from Abu Dhabi hub
Etihad Airways, the national airline of the United Arab Emirates, will launch seven new destinations from Abu Dhabi between November 2025 and March 2026, expanding its network across the Middle East.
Migration pushes EU population to record high, but CEE countries continue to shrink
Immigration outweighed the natural population decline in 2024 in just three of the newer EU member states – Croatia, Czechia and Slovenia.
Romania’s inflation rises to 5.66% in June ahead of anticipated price pressures
Electricity market liberalisation and a VAT hike in August are expected to put upward pressure on prices.
Trump hits EU, Mexico with whopping 30% tariffs
US President Donald Trump escalated his trade war with Mexico and Europe by slapping whopping 30% tariffs on both, after neither of them managed to cut a new trade deal before the July 9 deadline.