Romania

US and Chinese slowdown will tip the world into recession, says IIF

bne IntelliNews July 2, 2022

The worsening economic data coming out of the US and yet another coronavirus lockdown in China will tip the world into a global recession, the Institute of International Finance (IIF) said in a note on July 1.

bneGREEN: EU bans petrol and diesel cars from 2035 as Green Deal law moves forward

Richard Lockhart in Edinburgh July 2, 2022

The EU Council of Ministers has agreed to an effective ban on the sale of petrol and diesel cars from 2035, overcoming last minute opposition from a group of five countries.

CEE Economic Sentiment Indicators fall on polycrisis woes

bne IntelliNews June 30, 2022

The European Commission’s Economic Sentiment Indicators (ESI) for Central and Eastern Europe (CEE) fell in May as the polycrisis hitting the world took its toll on economies across the entire region.

Nato agrees 'fundamental shift' to counter Russia

Robert Anderson in Prague June 29, 2022

Security alliance’s leaders agree a big increase in troop deployments on its Eastern Flank, more help for Ukraine in its defence against Russian aggression, and a new Strategic Concept.

bneGREEN: Five countries seek delay for EU petrol and diesel ban

Richard Lockhart in Edinburgh June 29, 2022

Italy, Portugal, Slovakia, Bulgaria and Romania are seeking to push back by five years EU proposals to slap a ban on selling new petrol and diesel cars from 2035.

Romania reports new gas from Black Sea, expects 90% gas self-sufficiency

Iulian Ernst in Bucharest June 29, 2022

Energy minister says Black Sea Oil and Gas’ Midia development will boost self-sufficiency, as Europe tries to end dependence on Russian gas.

bneGREEN: Reducing investment in fossil fuels can fund Europe’s energy transition

Richard Lockhart in Edinburgh June 24, 2022

Europe’s electricity system could become greener, more secure and more resilient while not requiring any funding if the right investments are made to replace increasingly expensive fossil fuels.

bneGREEN: Coal investment remains major threat to green dream

Richard Lockhart in Edinburgh June 24, 2022

An 8% rise in global energy investment in 2022 to $2.4 trillion, driven by a 12% rise in clean energy spending, is still far from enough to tackle the energy crisis and to put the world on the path to a greener and more secure energy future.

Romanian crowdfunding platform SeedBlink helps Bulgarian startup Agriniser raise funds

bne IntelliNews June 22, 2022

First goal for Agriniser will be to expand its digital marketplace to buy and sell grain into Romania.

bneGREEN: Heatwave hits Europe as climate change bites

Richard Lockhart in Edinburgh June 21, 2022

Temperatures in Europe broke through the 40°C mark in mid-June, stoking fears of record-breaking summer heat waves that could endanger lives and threaten food supplies whilst providing further proof of the effects of man-made global warming.

Romania’s construction activity up a mere 1% y/y in January-April

Iulian Ernst in Bucharest June 20, 2022

Rising cost of construction materials and the inelastic supply of workers are significant deterrents to the sector’s growth.

Bucharest stock exchange indices fall in 2022 as international uncertainty takes its toll

bne IntelliNews June 16, 2022

Most of the Bucharest Stock Exchange indices ended the first five months of 2022 in negative territory, as Russia's invasion of neighbouring Ukraine impacted the Romanian market.

Romania receives gas from first new offshore development in 30 years

bne IntelliNews June 16, 2022

Romania aims to become a net exporter of gas following the discovery of large offshore resources in the Black Sea, but progress has been slow.

Romania’s consumer price inflation reaches 14.5% y/y in May

bne IntelliNews June 13, 2022

Food prices increased in line with the average, by 14.3% y/y, while prices of the non-food goods including energy and fuel advanced by 17.2% y/y.

Bulgarians most sceptical in EU about euro adoption, Eurobarometer poll says

bne IntelliNews June 12, 2022

54% of Bulgarians don't want their country to switch to the euro, despite plans to enter the eurozone in January 2023.

bneGREEN: UN stresses green issues are key to reducing poverty and boosting sustainability

Richard Lockhart in Edinburgh June 11, 2022

Maintaining a healthy planet and ensuring prosperity for all requires a renewed emphasis on reducing environmental impact, sustainability and changing the way the current economic system works.

Romania’s 12-month trade gap hits 10.7% of GDP as deficit deepens by 65% y/y in April

bne IntelliNews June 10, 2022

Trade gap reached €26.6bn in 12 months to April, after rising commodities prices pushed up the value of both exports and imports.

bneGREEN: Europeans set higher decarbonisation targets to rescue continent’s security

Richard Lockhart in Edinburgh June 10, 2022

A total of 19 European governments have accelerated their decarbonisation policies in response to a combination of the COVID-19 pandemic, the gas crisis and Russia’s invasion of Ukraine.

bneGREEN: EU to use €2.4bn of carbon credit cash to fund green projects in CEE

Richard Lockhart in Edinburgh June 9, 2022

The EU’s Modernisation Fund is to provide €2.4bn raised from the proceeds of the EU Emissions Trading System (ETS) to seven Central and East European countries to help them meet their 2030 climate and energy targets

bneGREEN: Energy efficiency: a central pillar of meeting green targets

Richard Lockhart in Edinburgh June 9, 2022

Energy efficiency must play a central role in meeting the world’s emissions reduction and renewable energy targets.

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