Romania
Foreign investment has transformed Eastern Europe, says wiiw report
Foreign investment will continue to have a vital role to play in the region’s development, particularly now that international companies are rethinking their supply chains.
bneGREEN: Energy efficiency investment turns the corner in 2022, but more is needed
Global investment in energy efficiency could rise by 16% to $560bn in 2022, the International Energy Agency said, as governments and consumers respond to fuel supply disruptions and record-high energy prices.
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bneGREEN: EU energy ministers agree to speed up permitting and deployment of renewables temporarily
A final decision – formal approval – on the new regulation may occur at another emergency meeting on December 13.
Three contenders reportedly in race for Enel’s €1.9bn Romanian energy assets
Italian utility group Enel plans to sell its subsidiaries in several countries including Romania next year.
Austrian chancellor confirms support for Croatia’s Schengen entry, but not Bulgaria’s or Romania’s
Austria and Sweden are expected to veto enlargement of the Schengen are to Romania and Bulgaria at the EU Council meeting in December.
bneGREEN: ING: Euro sustainable bond supply set to stagnate in 2023
Euro sustainable bond issuance in 2023 is not likely to repeat the growth rates seen in the last few years. While governments and agencies could slightly accelerate ESG issuance in 2023, financial institutions' ESG bond supply will lose some steam.
Schengen decision looms for Bulgaria, Romania and Croatia
As hopes of a positive decision on December 8 fade, the three Southeast European countries are making a final push to persuade Schengen members to admit them.
Orban sparks diplomatic storm with football scarf featuring Greater Hungary
Ukraine, Romania, Croatia, and Slovakia protested against the gesture, which comes at a time Hungary faces growing isolation in Europe.
Enel to exit Romania as it sees no room for further growth
“Friendly separation” planned just two years after Enel announced €2bn investments in green energy projects in Romania.
Ukraine faces one of worst declines in GDP from a war, says EBRD
The contraction in Ukraine’s GDP will be among the worst 10-20% of those in conflicts in the last 200 years, the development bank predicts in its 2022/23 Transition Report.
EBRD warns of risk of 'zombification'
Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.
Hitachi's GlobalLogic acquires Romanian IT firm Fortech
Acquiring Fortech, one of Romania’s largest independent digital engineering firms, is part of GlobalLogic’s strategy to establish a wider European footprint.
Bulgarian PV equipment company AmonRa Energy to hold IPO
AmonRa wants to raise funds to finance its expansion in Romania and in other Southeast European countries.
bneGREEN: Climate paralysis at COP27 as no progress made on 1.5 degrees
COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.
bneGREEN: COP27: Coal proves a stubborn foe in fight to save climate
Reducing coal consumption is the central challenge to achieving the world’s climate targets, Fatih Birol, executive director of the International Energy Agency, told COP27.
bneGREEN: COP27 warns business cannot be trusted to police greenwashing
The UN has identified greenwashing by business and finance as the biggest danger facing the race to net zero, urging them to avoid a toxic cover-up and to ensure that any climate pledges they keep are in line with the 1.5-degree targets.
Romanian banks’ profit hits record after 25% y/y surge in Q3
The aggregated net profit of Romanian banks surged to €581mn in Q3.
Private equity poised for growth surge in CEE despite macro and geopolitical crises
Fund managers surveyed by Bain & Company point to region’s strong macroeconomic fundamentals and catch-up potential.
World population hits 8bn. Where do we go from here?
Greying of populations big dilemma for developed countries. Share of people on planet aged 65 years or above projected to rise from 10% now to 16% in 2050.
bneGREEN: Uberwealthy are the worst climate criminals
The investments of the world’s 125 wealthiest people produce the same amount of CO2 as the whole of France, while each of them emits a million times more greenhouse gases than the average person.
