Romania

Romania's ruling coalition survives elections

Iulian Ernst in Bucharest December 24, 2024

Lawmakers back PSD-PNL grand coalition, but 2025 presidential election is likely to alter the balance of power and prompt a reshuffle.

Romanian liberals orchestrated Georgescu campaign funding, investigation reveals

Denis Cenusa in Berlin December 22, 2024

Russia was accused of interfering in Romania’s presidential election November 24 presidential election that saw far-right and pro-Russian outsider Calin Georgescu storm to a shock first round victory. An investigation found otherwise.

Formation of ruling coalition in Romania faces deadlock as Social Democrats suspend talks

Iulian Ernst in Bucharest December 20, 2024

PSD leader and PM Marcel Ciolacu accused potential partners of being "inconsistent and disrespectful" as he pulled out of coalition talks.

Russia reaps harvest of chaos in nearby democracies

Clare Nuttall in Glasgow December 19, 2024

Allegations of interference surround recent elections in Bulgaria, Georgia, Moldova and Romania.

The EU Council calls for a European geothermal action plan

bne IntelliNews December 19, 2024

The energy ministers in the EU Energy Council approved the outline of a European geothermal energy action plan on December 17.

FDI in Emerging Europe hit by geopolitical uncertainty and German slowdown

Clare Nuttall in Glasgow December 18, 2024

wiiw report warns lower investment trend could continue as Central and Eastern Europe's role as a production hub for Western companies is waning.

Fitch cuts outlook on Romania’s rating to negative over political uncertainty

Iulian Ernst in Bucharest December 18, 2024

Fitch revised the outlook on Romania's long-term forex Issuer Default Rating to negative after the presidential elections were scrapped over alleged Russian interference.

Bucharest mayor Nicusor Dan announces presidential candidacy

Iulian Ernst in Bucharest December 17, 2024

Dan seen as possible unifying candidate for mainstream parties to take on far right ahead of presidential election re-run.

Hungary's state utility giant buys E.ON’s energy supply operations in Romania

bne IntelliNews December 17, 2024

MVM will acquire a 68% stake in E.ON Energie Romania, which has close to 3.4mn customers, and a 98% stake in regional service provider E.ON Asist Complet.

IMF: The 2004 EU enlargement was a success story built on deep reform efforts

Sebastian Weber for the IMF December 16, 2024

New accession candidates will need to undertake equally ambitious reforms to make the next expansion a comparable success.

Advanced economies have lower out-of-pocket healthcare spending

Florian Zandt for Statista December 16, 2024

According to the Global Health Expenditure Database by the World Health Organization (WHO), the global average out-of-pocket expenses related to health across 192 countries made up 30% of all health expenditures per capita in 2022.

Moldova announces it has enough natural gas reserves for the entire winter

Iulian Ernst in Bucharest December 16, 2024

Moldovagaz says it has already purchased 747.9mn cubic metres of natural gas ahead of the expected cut-off of Russian gas supplies via Ukraine.

Romania’s industrial output shows partial recovery in October

Iulian Ernst in Bucharest December 16, 2024

Output rises 1.3% y/y but figure indicates continued stagnation in industrial activity.

Geothermal energy poised for major global expansion, says IEA chief Fatih Birol

Ben Aris in Berlin December 15, 2024

"Geothermal energy could see transformative global growth thanks to advancements in technology and expertise from the oil and gas sector," the International Energy Agency (IEA) said in a report groundbreaking report released on December 13.

Russia spent €69mn on propaganda and interference in Bulgaria and Romania, Bulgarian cybersecurity group reveals

Denitsa Koseva in Sofia December 13, 2024

Funds were used to spread Russian influence and promote far-right discourse in both Bulgaria and Romania.

EU admits Bulgaria, Romania to full Schengen membership

Denitsa Koseva in Sofia December 12, 2024

Southeast European countries welcome membership of border-free area after years of vetoes by Schengen members.

BCR’s venture capital company invests in SaaS platform FieldOS

bne IntelliNews December 11, 2024

BCR Seed Starter investment to help FieldOS finance product development, accelerate growth in the local market and expand its operations in North America.

Bucharest Stock Exchange mulls expansion in Moldova

Iulian Ernst in Bucharest December 11, 2024

Moldova's Purcari Winery is already listed on the BVB while other major Moldovan companies are considering IPOs.

Romania’s trade deficit reaches new record in October

bne IntelliNews December 11, 2024

Imports soared by 8.6% y/y an all-time high of €12.2bn, while exports advanced by only 0.5%.

Four Romanian parties begin talks on joint ruling platform

Iulian Ernst in Bucharest December 11, 2024

Four pro-EU parties likely to form an expanded version of the grand coalition that ruled Romania ahead of the December general election.

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