Romania
Nationalist Simion, reformist Lasconi compete for a spot in Romanian presidential runoff
Prime Minister Marcel Ciolacu is the clear frontrunner in Romania’s presidential race, but the competition for second place remains open.
Romgaz lists €500mn bond on Bucharest Stock Exchange
Bond issue is part of Romgaz’s strategy to raise €1.5bn for projects including the Neptun Deep offshore gas field.
Finland’s Terveystalo reportedly eyeing €1bn acquisition of Romania’s Regina Maria
Romania's private healthcare market has garnered increasing attention from international investors.
Candidate quits Romanian presidential race in last minute attempt to unify centre-right
Ludovic Orban’s decision to step aside likely too late to prevent division of centre-right vote among multiple candidates, benefitting far-right politician George Simion.
Central European countries least likely in the EU to prioritise climate change
Stark contrast with Southern Europe, where around half of respondents from Bulgaria, Romania and other countries fear they will have to relocate to escape climate crisis, EIB survey shows.
Romania’s GDP grows by just 0.9% y/y in January-September
Agriculture, industry and construction were among the long list of sectors whose poor performance dragged growth down.
Romania’s industrial output falls by 2.0% q/q in Q3
Romanian industries are failing to take advantage of robust demand within the country, which instead has resulted in higher imports.
Romanian intelligence service says bot farms active ahead of presidential election
SRI rules out role of “hostile foreign actors” after speculation Russia was behind disinformation campaigns.
Romania’s trade gap widens sharply in Q3
Romania is increasingly importing consumer goods, while failing to develop value-added or export-driven industries.
Romania’s central bank hikes end-2024 inflation forecast to 4.9%
With balance of risks to the inflation rate tilted to the upside, National Bank of Romania puts future rate cuts on hold.
This year to be warmest on record, says Copernicus
The year 2024 is almost certain to set a new record as the warmest year in documented history, according to the European Union’s Copernicus Climate Change Service.
Romanian central bank maintains policy rate amid persistent inflation and heightened risks
Faced with multiple sources of uncertainty, the BNR continued its cautious stance.
IMF: How to awaken Europe's private sector and boost economic growth
In the European Union, income per person, one of the main gauges of living standards, is on average one-third less than in the United States, mostly because of lower productivity—as emphasised by Mario Draghi’s Sept. 9 competitiveness report.
COMMENT: Political, economic and security headaches Trump Europe’s mounting problems
The re-election of Donald Trump as US President could become a major headache for Europe that is already struggling to keep its head above recessionary water.
EU leaders gauge impact of Trump’s return at Budapest ECP summit
French President Emmanuel Macron urged Europe to embrace "strategic autonomy" in the wake of Trump's victory, advocating for a Europe less reliant on American military protection.
Erdogan urges full inclusion of Turkey in EU defence efforts
With second largest land forces in Nato, Ankara may have an ace in efforts to join European bloc if Trump takes US on isolationist path.
Romania’s nationalist presidential candidate Simion expects boost from Trump win
George Simion has consistently supported Trump despite harsh criticism from rival politicians. Now he expects to reap the benefits.
VISEGRAD BLOG: Central Europe's populists clamour to applaud Trump's victory
Hungarian Prime Minister Viktor Orban is set to parade his support for Trump at the European Political Community meeting in Budapest on November 7-8.
Prime Batteries Technology nears launch of new battery production facility in Romania
Romania’s Prime Batteries Technology is close to launching production at its new factory near Bucharest, which will provide an initial capacity of 2,000 MWh per year in lithium-ion batteries for energy storage.
MOSCOW BLOG: The EU loses its appeal
One of the salient points is that would-be members have never been interested in the “values” part of the deal and see the need to adhere to them simply as an annoyance that has to be tolerated if you want access to the transformation grants.