Romania
EU faces worst wildfire season on record as over 1mn hectares burn
The European Union is enduring its most severe wildfire season since records began, with more than 1.01mn hectares of land scorched so far this year,
Peace turns on possible new Western security deals for Ukraine
Mixed results for Ukrainian President Volodymyr Zelenskiy following the historic meeting with US President Donald Trump and seven European leaders on August 18 in the White House.
High stake talks in Washington between Trump, Zelenskiy and EU leaders
Following the underwhelming Alaska summit, US president Donald Trump has invited five European leaders, NATO, and the EU to the Oval Office as well as Ukrainian President Volodymyr Zelenskiy to close a deal that could end the war on August 18.
Romania to target profit-shifting by multinationals as it seeks to boost revenues
Finance minister says Bucharest wants multinationals to invest "but they must pay corporate tax".
__6.png)
Romania and Slovenia rival NASDAQ 100 returns over the past decade
InterCapital's Divo Pulitika says Romania and Slovenia have delivered some of the highest equity returns globally over the past decade.
European beekeepers oppose higher duty-free honey imports from Ukraine
The European Beekeeping Association (EBA) has called on the European Commission to delay a planned increase in duty-free honey imports from Ukraine, warning that the move risks worsening pressure on the EU’s honey market.
Europe overtakes US as main supplier of military aid to Ukraine
Europe, including the United Kingdom, has outstripped the United States in total military aid to Ukraine for the first time since mid-2022, with a growing share of support sourced directly from defence industry production rather stockpiles.
Iran revives Mark 1 Dacia Logan as Pars ‘Nova’ in relaunch
Move over Vauxhall, Iran's former GM plant has nabbed the Nova moniker for a rehashed Dacia sedan from the early 2000s!
Romania’s Social Democrats threaten coalition boycott
Ruling coalition has been under strain over policy differences, particularly on fiscal reforms and public sector restructuring.
Wildfires close Dardanelles gateway to Black Sea
Strait closed as Turkey’s heatwave battle with raging wildfires fanned by strong winds continues.
Slovak ruling party lawmakers criticised for meeting far-right influencer Andrew Tate
Smer politicians have become increasingly radical since the slump in the Slovak ruling party's popularity.
Romanian retailers warn of €2.1bn annual tax loss from non-EU online platforms
Study projects around 78mn low-value parcels will be shipped into Romania from companies like Shein and Temu in 2025.
Romania expected to hold policy rate at 6.5% until at least Q1 2026
Analysts forecast no change to policy rate at August 8 rate-setting meeting given inflation pressures from recent fiscal adjustments.
Retail sales growth in Romania slows to 1.8% y/y in Q2
Slowdown follows a sharp expansion in 2024 and comes ahead of fiscal and budgetary reforms expected to weigh on household consumption.
US effective tariff rate at 17% after July duties adjustment - Fitch
The United States’ effective tariff rate (ETR) has settled at 17% following the latest reciprocal duty announcements on July 27 and July 31, according to Fitch Ratings.
Renewables make up Dutch power supplies for the first time - OWID
For the first time, in 2024, more than half of the electricity produced in the Netherlands came from renewable sources, and almost all of it (45%) from solar and wind.
Trump Administration's trade deals so far - Statista
On July 27, the United States and the European Union agreed on a trade deal that is lowering tariffs of 30% on European goods threatened by August to 15%, including on cars.
COMMENT: Trump’s energy deal with the EU is delusional – Reuters
The energy deal that US President Donald Trump cut with European Commission President Ursula von der Leyen over the weekend is unrealistic, argues Clyde Russell, Reuters Asia Commodities and Energy Columnist.
Viktor Orban vows to block next EU budget in keynote speech in Transylvania
Hungarian Prime Minister Viktor Orban repeated his threat to block the next long-term EU budget and argued for a multi-speed Europe, while criticising the EU for supporting Ukraine in his annual keynote address at the Baile Tusnad summer university.
Romania avoids downgrade to junk
S&P affirms Romania’s fragile BBB- rating citing fiscal consolidation measures.