Romania

Romania wins $6.7bn litigation over Rosia Montana gold mining project

Iulian Ernst in Bucharest March 10, 2024

Gabriel Resources sued Romania at the World Bank’s ICSID over the stalled Rosia Montana project back in 2015.

Closing gender gap in workforce could double global growth rate says World Bank

Clare Nuttall in Glasgow March 8, 2024

Countries in Central and Eastern Europe and Eurasia have a lower gender gap than the global average but only Latvian women have equal legal standing with men.

Romania’s retail sales post impressive 6.6% y/y advance in January

Iulian Ernst in Bucharest March 7, 2024

Private consumption is expected to be a major growth driver in Romania this year and the January figures are fully consistent with this.

Energy-related CO2 emissions increased last year, but slower than in 2022, says IEA

bne IntelliNews March 6, 2024

In 2023, global CO2 emissions from energy rose at a slower pace compared with the previous year.

EU wants fossil fuel companies to help pay to fight climate change

by Roberta Harrington in Los Angeles March 6, 2024

The European Union plans to urge the fossil fuel industry to aid in combating climate change in less affluent countries under a United Nations objective, a preliminary document reveals.

Romanian hypermarket chain La Cocos expands in market dominated by foreign players

Iulian Ernst in Bucharest March 6, 2024

La Cocos reached €200mn turnover in 2023 and plans to more than double its number of stores in 2024-25.

BMW and Romanian partner NTT Data establish IT joint venture in Cluj-Napoca

bne IntelliNews March 6, 2024

BMW says partnership will establish new hub and tackle problem of IT expert shortage.

Newly released PMI index shows Romania's manufacturing sector stuck in recession

bne IntelliNews March 4, 2024

The Romanian manufacturing sector faces new shocks from supply chain bottlenecks and higher taxes affecting activity, in the context of already broad-based weakness in demand.

Romania refuses to license Huawei equipment for 5G applications

bne IntelliNews March 1, 2024

Telcos in Romania can only use technology from companies approved by the government in their 5G networks.

Battle for Bucharest mayor seat heats up

Iulian Ernst in Bucharest February 29, 2024

Ex-mayor Gabriela Firea unexpectedly announced her candidacy, while Romania's ruling parties are still discussing who to nominate.

Ukraine's Zelenskiy seeks support from Southeast Europe at Tirana summit

bne IntelliNews February 28, 2024

Ukrainian president and Albanian prime minister warn of Russian threat to destabilise the region.

Liberty Steel's financial crisis is just the latest blow for CEE's steel industry

Robert Anderson in Prague February 28, 2024

The woes of Liberty Steel's mills also reflect the struggle of former Communist Central and Eastern Europe’s once mighty steel sector to remain competitive.

Macron says sending Nato ground troops to Ukraine should not be ruled out

bne IntelliNews February 27, 2024

French president says Russia now presents a greater danger and nothing should be excluded.

Commercial real estate investment dropped by 55% in Central Europe in 2023, says Cushman & Wakefield

bne IntelliNews February 26, 2024

The highest proportion of the capital went into the office sector, although its share dropped from 41% in 2022 to 32% in 2023 because of the increasing trend towards remote work.

GapMinder sets up €80mn VC fund with EU, EBRD among investors

bne IntelliNews February 23, 2024

Fund to target Romania and the region with focus on fintech, cybersecurity, enterprise automation and data/analytics.

Romania’s president pitches to be CEE's candidate for Nato top seat

bne IntelliNews February 23, 2024

The alliance's CEE countries had hoped to be strong contenders to helm the alliance this time around, but the Netherlands' Mark Rutte appears to have it in the bag already.

World Bank says Emerging Europe needs tougher targets to reach net zero by 2060

Aidą Kadyrzhanova in Prague February 22, 2024

New World Bank report charts path to net zero energy in Emerging Europe and Central Asia, but says current ambitions are too modest.

With decisive actions, net zero energy is within reach in Emerging Europe and Central Asia, says new World Bank report

IntelliNews Press Release Service February 22, 2024

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.

With decisive actions, net zero energy is within reach in the Emerging Europe and Central Asia, says new World Bank report

IntelliNews Press Release Service February 22, 2024

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.

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