Romania
Romania’s GDP continues five-quarter quasi-stagnation in 1Q25
Robust growth in construction and slight advances in IT&C and real estate were offset by shrinking industrial activity.
PSD dithering delays government formation and urgent fiscal reforms in Romania
Leader of Romania's largest party has yet to decide who to nominate for prime minister.
Global energy investment to reach a record $3.3 trillion in 2025, but problems with grids remain – IEA
Global energy investment is projected to reach a record $3.3 trillion in 2025, despite continued economic uncertainty and heightened geopolitical risks, according to the International Energy Agency.
European Commission concludes Romania breached fiscal consolidation plan
Romania must come up with convincing corrective actions by the end of the month to prevent disciplinary measures.
40% of Europe already in a drought before summer gets fully underway
As Europe slides into its third disaster season, 40% of the EU is already officially facing a drought before the hottest months of the year arrive. And this year’s droughts are likely to become even worse than previous heatwaves.
Romania’s president expects fiscal plan by June 5, new government by mid-June
PNL interim president Ilie Bolojan seen as most likely next prime minister.