Romania
Romania’s GDP continues five-quarter quasi-stagnation in 1Q25
Robust growth in construction and slight advances in IT&C and real estate were offset by shrinking industrial activity.
PSD dithering delays government formation and urgent fiscal reforms in Romania
Leader of Romania's largest party has yet to decide who to nominate for prime minister.
Global energy investment to reach a record $3.3 trillion in 2025, but problems with grids remain – IEA
Global energy investment is projected to reach a record $3.3 trillion in 2025, despite continued economic uncertainty and heightened geopolitical risks, according to the International Energy Agency.
European Commission concludes Romania breached fiscal consolidation plan
Romania must come up with convincing corrective actions by the end of the month to prevent disciplinary measures.
40% of Europe already in a drought before summer gets fully underway
As Europe slides into its third disaster season, 40% of the EU is already officially facing a drought before the hottest months of the year arrive. And this year’s droughts are likely to become even worse than previous heatwaves.
Romania’s president expects fiscal plan by June 5, new government by mid-June
PNL interim president Ilie Bolojan seen as most likely next prime minister.
COVID is back - a new "NB.1.8.1" strain is spreading across continents
The coronavirus (COVID-19) is back. Reports from health authorities around the world have detected a new highly contagious strain of the virus that has been spreading through Asia and has now reached Russia.
Czech PPF bosses are ready to take on Netflix and HBO in PPF’s home markets
PPF executives say the group's local content gives it a competitive advantage over international players in small CEE markets.
Romania’s new president sworn in, pledges institutional reform and fiscal reset
Nicușor Dan promised a sweeping overhaul of state institutions and immediate steps to stabilise the country’s fiscal policy.
Romanian far-right parties call for protests after presidential election defeat
AUR and the Party of Young People want to capitalise on mounting discontent over proposed austerity measures.
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BLOG: Efforts to tackle methane emissions continue, despite Trump’s regulatory rollback
Momentum behind improved methane monitoring, quantification and mitigation continues to build in the US – even without the same regulatory pressure.
Romania’s Constitutional Court rejects request to annul presidential election
Court validates victory of Bucharest mayor Nicusur Dan, who defeated nationalist AUR leader George Simion.
Record temperatures around the world – Statista
A heat wave is sweeping across South Asia, with temperatures having reached 44°C in India’s Jaipur and 50°C in Pakistan’s Shaheed Benazirabad in April, Statista reports.
Trump admirer Simion challenges Romanian presidential election result
George Simion has announced plans to ask the Constitutional Court to annul the May 18 presidential election.
Data centre power use expected to increase 20-fold in next five years
The first data centres consumed as much power as 20,000 homes, but the largest today use the same amount of power as100,000 homes, and are on track to burn up 5mn households' worth of power by 2030 – the same amount of power that Japan consumes.
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Brazil poultry sector hit as bird flu prompts global export bans
Brazil, the world's largest poultry exporter, has confirmed its first outbreak of highly pathogenic avian influenza on a commercial farm, triggering immediate import bans from major markets including China and the EU.
Markets rally as Romania's political outlook stabilises after Dan’s election victory
Positive market movements follow the election of reformist, pro-EU candidate Nicușor Dan, who defeated far-right rival George Simion in the May 18 runoff.
Viktor Orban makes huge political misstep in supporting Simion, Hungarian analyst says
The outcome has been a defeat for Viktor Orban as ethnic Hungarians overwhelmingly supported the pro-European candidate, Nicusor Dan.
Romanian pro-EU presidential candidate Dan defeats far-right rival Simion
Romania's new president Nicusur Dan will have to urgently negotiate the formation of a ruling majority to tackle Romania’s acute fiscal and budgetary challenges.
Romania holds monetary policy rate at 6.5% amid elevated inflation and political uncertainty
Markets currently expect no rate cuts before autumn, although that timing remains subject to shifts in both domestic policy and external economic conditions.