Romania
ING: Romanian growth figures reinforce signs of resilience.
The release of detailed data for third-quarter GDP growth, alongside a rather hefty upward adjustment of the flash print, points to a pretty resilient growth picture in Romania. We marginally raise our full-year growth forecast from 1.5% to 1.7%, wit
Retail sales in Romania slightly stronger in October
Retail sales rose by 0.9% m/m in October, recouping the losses incurred over the previous three months.
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COP28: A week in, and fossil fuels and finance dominate
The first week of COP28 has ended, and climate diplomats must now hammer out the final agreements.
International banking groups mull expansion in CEE region
Half of the cross-border banking groups active in Central, Eastern and South-Eastern Europe say they want to “selectively expand” in the region, shows the latest EIB survey.
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Earth nears catastrophic climate tipping points, say scientists
Climate change has pushed the world into a precarious position concerning numerous planetary 'tipping points,' according to an extensive scientific evaluation completed by over 200 researchers.
COP28 leader defends controversial remarks
Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.
Industrial prices in Romania resume growth in September-October as energy prices remain elevated
Industrial prices in Romania increased by 2.4% in September-October.
COP28: Greenpeace asks if nine European oil and gas majors are “getting away with murder”
Releases study showing 360,000 people could die prematurely before the end of the century because of global heating caused by companies’ 2022 greenhouse gas emissions alone.
CENUSA: The EU must not allow mistakes over Ukraine to compromise its expansion policy
European military-financial support for Ukraine's defence efforts and its political-strategic support for Ukraine's European accession are interdependent. They can have a positive influence on each other or can obstruct each other.
Employment in Romania up 1.3% y/y in Q3
Largest number of jobs created in construction, IT&C and hospitality sectors.
ING: Consumer not ready to change what they eat to help the environment
By wasting less food and eating less meat and dairy, consumers can help to slow down climate change. However, consumers in the EU have barely changed their diets.
COP28: All the climate crisis warning lights flashing red – in charts and maps
The great and good have assembled in UAE’s capital of Dubai for the COP28 conference to hash out a plan to avert the looming environmental disaster, but its probably too late.
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COP28 – what will be the main battles?
As around 70,000 people descend on Dubai for COP 28, the warnings signs of the climate crisis are clear. So far this year has been the hottest ever, and the future looks bleak.
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IEA offers five pillars for action at the COP28 climate summit
Renewable energy should be tripled globally by 2030. That is the first of five pillars of action from the International Energy Agency for the COP28 climate summit starting on November 30 in Dubai.
Host UAE planned to use COP28 for oil deals
COP28 host, the United Arab Emirates, has planned to use its status at the UN annual climate conference in Dubai to make new oil and gas deals with as many as 15 member nations, according to leaked briefing documents obtained by the BBC.
ING: What companies and investors should know about COP28
COP28 will focus on ramping up efforts and investment in climate mitigation, adaptation and loss and damage control. It's now crucial that companies invest in clean technologies, harness climate finance opportunities and contribute to systems change.
COMMENT: Falling EM inflation enters a second phase, but rate cuts will progress slowly in 2024
Inflation rates are coming down across the Emerging Markets and are now entering a second phase, Capital Economics said in a note on November 28. Central Banks are getting ready to cut interest rates but rate cuts will come slowly.
Romania’s public debt hits 50.5% of GDP at end-September
Debt reached €152.6bn at the end of September after strong growth earlier in the year.
VISEGRAD BLOG: Europe's populist surge can still be contained
Hungarian premier Viktor Orban rejoices in 'winds of change' after victory of Geert Wilders’ radical right-wing Freedom Party in the Dutch general election.
Heavy snowfalls leave half Bulgaria without power
The heaviest snowfalls in more than a decade cut power to 1,000 towns and villages and blocked key roads and railways.