Romania
Missile War Monitor: Russia hits Teva and WHO drug warehouses in Ukraine
Russian drones hit warehouses belonging to the Nasdaq-listed drugmaker Teva and one of the World Health Organization's main medical supply depots in Ukraine on September 3.
Missile War Monitor: Russian oil firms miss 60% of gasoline contracts as Ukraine's drone campaign bites
Russian oil companies failed to fulfil about 60% of gasoline supply contracts on the St Petersburg exchange between May and September, industry sources told Kommersant on September 3.
Moldova to launch new stock exchange backed by Bucharest bourse
The new Moldova International Stock Exchange is expected to strengthen Moldova’s capital-market infrastructure and diversify financing sources for companies.
EBRD completes exit from Romania’s Digi Communications
Digi continues to expand its regional telecommunications operations following its international growth and the listing of its Spanish subsidiary.
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Missile War Monitor: Russia cuts power to 350,000 families in Odesa
A massed Russian missile and drone attack on Odesa region's backbone energy assets cut power to more than 350,000 families, grid operator DTEK Odesa Grids said, on September 2.
Romania’s factory-gate inflation eases to 8.8% y/y in July
Energy and intermediate goods continued to exert significant upward pressure on industrial prices, which is likely to slow the disinflation of both industrial and consumer prices.
Poșta Română signs partnership with Temu to become regional gateway
Partnership could strengthen Romania’s position as a logistics gateway for Central and Eastern Europe while giving Romanian merchants selling through Temu access to a wider European delivery network.
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Missile War Monitor: Putin orders massive strikes on Ukraine's energy grid
President Vladimir Putin has ordered the Russian armed forces to prepare massive strikes on Ukraine's energy infrastructure, in what he cast as retaliation for Ukrainian attacks on Russian refineries.
11 EU members push to curb foreign policy vetoes as bloc weighs wider reform
Reform discussion ongoing amid questions over whether the EU's institutions are equipped for another round of enlargement.
Romania’s PMI signals possible bottoming-out in manufacturing after years-long decline
Romania’s Manufacturing Purchasing Managers’ Index rose to 51.1 in August, driven by stronger output and new orders.
Missile War Monitor: Odesa down to one ship a day as Russia closes Ukraine's export routes
Russia has driven shipping out of Ukraine's Black Sea ports, cutting vessel calls from seven or eight a day to one and shutting the Orlivka ferry crossing on the Romanian border, while Ukrainian drones reached a logistics centre in Yekaterinburg
Romania’s budget deficit shrinks by 1.65pp y/y to 2.34% of GDP in January-July
The improvement already matches the fiscal consolidation target set for the full year. Maintaining the pace of fiscal consolidation next year will require continued expenditure controls and political commitment.
Romanian president expects stable government after September 1 consultations
Nicusur Dan expects new round of consultations to determine whether sufficient support exists for a new government after months of political deadlock.
Hungary’s 4iG targets wind, SMR investments in CEE, Balkans
4iG is moving into energy, targeting a diversified portfolio of wind, storage and small modular nuclear reactor investments across Central and Eastern Europe and the Western Balkans.
Climate change could nearly triple Europe's wildfire area by 2100
Increase in area burned by wildfires to depend heavily on how much governments invest in preventing and fighting fires, a new study has found.
Russia's saboteurs have followed the arms industry east into Nato
Slovak police foiled an arson attack on a Ukrainian-owned drone factory near Presov this week, the first documented attempt of its kind in the country.
Romania’s CFA confidence index recovers in June-July despite recession risk
CFA Romania Association says improvement in confidence was accompanied by a significant decline in inflation expectations, alongside more favourable expectations for the exchange rate and interest rates.
Profitability of Romanian banks in H1 lags behind past three years
Improvement in Q2 lifted the banking system’s profitability ratios from the weak levels recorded in the first quarter, but they remained below those seen in recent years.
Hungarian households' finances squeezed despite real wage growth
Hungarian households remain financially constrained despite a strong recovery in real wages, with nearly three in ten reporting having no money left at the end of the month.
EPP, Renew Europe urge EC to withhold Romania’s €770mn RRF funding over Integrity Law
Politicians warn of risk €770mn payment could "unintentionally contribute to the undermining of the undermining of Romanian democracy".