Romania
Romanian technology firm IT Genetics announces IPO to finance scale-up
Listing preparations launched amid growing interest in regional technology issuers on the AeRO market, which has attracted several Romanian companies active in software, automation and digital services.
Surging US and Russian LNG exports push gas prices to 18-month low
LNG prices in Europe have dropped to their lowest levels in 18 months, thanks to surging supply and subdued demand across the continent.
IntelliNews Lambda: Europe’s gas storage is back to normal
LNG prices in Europe have dropped to their lowest levels in 18 months, thanks to surging supply and subdued demand across the continent. That has led to comfortably full gas tanks and the lowest deviation from the baseline in 15 years.
Germany retains top spot in Europe real GDP gains, but momentum fading
Germany may be the sick man of Europe, but the industrial powerhouse is still top dog in terms of gains in real GDP growth for now. But not for long. A three-year long recession is eating into the big lead, Germany built up before the war in Ukraine
ECB refuses to back EU’s plan for €140bn Ukraine loan
The European Central Bank has refused to support a €140bn EU loan package intended for Ukraine, dealing a significant blow to a controversial initiative that sought to finance Kyiv using a cash pile from the investment of Russian frozen assets.
Russia-EU trade turnover falls to historic low as sanctions bite
Trade between Russia and the European Union has plummeted to its lowest level on record, as sanctions, energy decoupling, and sanctions bite, Izvestiya reported on December 2.
Eurozone manufacturing PMI stagnates in November, Italy and Spain outperform Germany and France
The Eurozone’s manufacturing sector saw little change in November, with final Purchasing Managers’ Index (PMI) data pointing to continued stagnation across the bloc’s industrial base, Oxford Economics reported on November 28.
Romanian cold cuts producer Cris-Tim makes strong debut on Bucharest exchange
Opening price gives Cris-Tim a market capitalisation of €277mn, as it plans investments in cold cuts and ready meals divisions.
EU urgently working on a bridge loan for Ukraine if Reparation Loans deal fails
The ongoing discussions on a possible US sponsored peace deal to end the Ukraine war has put fresh pressure on the EU to come up with a solution to Ukraine’s acute funding shortfall.
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Fighter jets deployed after Russian drones fly deep into Romanian territory
Drones found in both Romania and Moldova after incursions.
COMMENT: Is the EU deliberately trying to scupper the US peace plan or is it just incompetent?
After the talks in Geneva the 28-point peace plan (28PPP) has been cut to 19 points. But the EU has come up with its own 24-point plan that contains several points that guarantee the Kremlin will reject it.
EU-Mercosur trade pact faces dual threat from Paris and internal rifts
The long-negotiated EU-Mercosur trade agreement is set to enter a decisive phase amid French opposition and broader tensions within the South American bloc.
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US to present a 28-point ceasefire plan to Ukraine as a fait accompli
A new US 28-point plan to end the war in Ukraine suddenly burst on to the scene on November 20, as the White House hopes to use the growing pressure on Ukraine to force terms on Kyiv as soon as this week.
Prime minister’s spending cuts plan prompts tensions within Romania’s ruling coalition
PM Ilie Bolojan's proposed 10% cut to the total personnel budget across all ministries was strongly criticised by the Social Democratic Party and public sector unions.
Greek PPC plans €3bn investments in Romania over next three years
PPC is already Romania's largest investor in renewable energy with about 1.3GW of capacity.
European Commission cuts Romania’s growth outlook in half as fiscal tightening weighs on economy
Downward revision reflects Romania’s fiscal slippage in 2024-25 and the subsequent shift to a more contractionary fiscal stance.
Romania’s central bank holds base rate at 6.5%, signals deepening demand gap
BNR expects the annual inflation rate to decline modestly over the next three quarters but remain on a fluctuating path above previous forecasts.
Paval Holding, Zabka and Auchan reportedly eye Carrefour’s Romanian operations
Carrefour is understood to have appointed BNP Paribas to explore investor interest in its Romanian operations.
Bulgaria and Romania seek to delay sanctions against Lukoil
Sanctions imposed by US authorities on Lukoil's global operations expected to cause costly disruptions at the Russian group's local refineries.
Romania’s retail sales fall 2.3% q/q in Q3 as austerity hits household spending
With inflation eroding purchasing power and private sector jobs under threat from slower economic activity, consumer confidence has weakened.