A new World Bank report released today lays out pathways for countries in the emerging Europe and Central Asia region to make the shift towards renewable energy and reduce their fossil fuel dependence.
Fusion, the holy grail of the energy transition, is closer than ever before. But it’s still unclear whether it can be commercialised in time to ward off the climate crisis.
Expanding capacity of Romania’s Constanta Port will help Ukrainian grain exporters bypass Poland, where farmers’ protests have erupted.
Unit labour costs have surged by 25% since 2020 – something not seen since the early 2000s, says Capital Economics
Female employment in science and engineering is well above 50% in multiple regions of Central and Southeast Europe, Eurostat figures show.
Industrial activity has deteriorated in Romania, with the overall industrial output index (chart) contracting by 4.9% y/y in 2023 according to data published by the statistics office INS. Romanian industry has been losing ground since before COVID.
Investment of as much as $8 trillion in renewable energy and half of that in grids and storage is required to meet the goal of tripling renewable energy capacity by 2030, as agreed at COP28 in Dubai in December.
Neighbouring countries are updating old plans to build a major new hydropower plant on the Danube between Nikopol and Turnu Magurele.
Politicians in Croatia, Romania and Serbia have all discussed a potential move to a form of military service.
BNR expects steady disinflation after headline inflation dropped from a peak of 16.8% y/y in November 2022 to 6.6% y/y in December 2023.
The currents that circulate in the Atlantic are approaching a “tipping point” that will change the way water flows around the oceans of the world, which will have a catastrophic climate impact on countries around the world.
Fondul Proprietatea fund manager Franklin Templeton aimed to sell stakes in three major portfolio companies.
The EU is contemplating the unprecedented step of imposing sanctions on three Chinese companies alleged to be aiding Russia's military actions against Ukraine, Bloomberg reports.
Romania’s trade deficit (chart) narrowed by 15% year on year to €28.9bn in 2023 and the gap-to-GDP ratio narrowed from 11.9% in 2022 (the widest value in the past decade) to 9.1% in 2023 (preliminary bne IntelliNews estimate).
Hydrogen production and use are expected to grow in 2024, but it remains very expensive to produce and transport, making progress slow.
A report from climate campaign group Global Witness reveals that the fossil fuel sector is anticipated to allocate more than $1 trillion worldwide over the next decade for the expansion of natural gas production.
The Earth may have passed 1.5 degrees Celsius of warming and in fact could soon reach 2 degrees, say international researchers who studied 300-year-old sea sponges in the Caribbean.
CEO Victor Capitanu tells bne IntelliNews pent-up demand in residential and office sectors will fuel growth in coming decades.
Internet flooded with fake videos showing prominent Romanians apparently promoting get-rich-quick schemes.
Dusseldorf-based military equipment company has strengthened its presence in Central and Eastern Europe since the start of the Ukraine war.