Romania in talks to take over Moldova’s Giurgiulesti port ahead of Ukraine reconstruction

Iulian Ernst in Bucharest September 29, 2023

Romania seeks to take over Moldova’s only port, Giurgiulesti, from the EBRD as it prepares to play a key role in the reconstruction of Ukraine after the war.

Europe’s toxic air – “severe public health crisis”

by Roberta Harrington in Los Angeles September 27, 2023

Europe faces a “severe public health crisis” with dangerous levels of pollution across the continent, according to an investigation by the Guardian newspaper.

Microsoft mulling advanced nuclear strategy

by Roberta Harrington in Los Angeles September 27, 2023

Tech giant Microsoft is getting more heavily into small-scale advanced nuclear power for its data centres.

High interest rates, gloomy outlook stifle bank lending in Romania

bne IntelliNews September 26, 2023

Financial intermediation in Romania plunged to 25.3% in August 2023 amid sluggish lending and high inflation.

Earth’s energy imbalance – world is starting to cook

by Roberta Harrington in Los Angeles September 25, 2023

The earth’s energy is out of balance and the world is starting to cook, says a new report. The authors include James Hansen, who testified to the US Congress on global heating as long ago as 1988.

Eastern EU members building roads instead of railways

bne IntelliNews September 23, 2023

Across the EU far more has been invested in roads than railways over the last three decades, but this trend is even stronger in the newer EU members, a study commissioned by Greenpeace finds.

ING expects fiscal measures to dampen growth in Romania

Iulian Ernst in Bucharest September 22, 2023

ING analysts say unpopular measures to contain the public deficit have potential to dampen growth in 2024 but shouldn't shake market confidence or EU funds inflows.

Slovakia, Romania and Poland move to settle grain dispute with Ukraine

bne IntelliNews September 21, 2023

Slovakia's and Romania’s farming ministers have agreed with Kyiv on a licensing system for trading in grains.

Public sector investments fuel construction industry’s growth in Romania

bne IntelliNews September 21, 2023

Growth in the volume of construction works remained above 15% y/y for the fourth consecutive month in July.

Planet’s health is in danger zone

by Roberta Harrington in Los Angeles September 20, 2023

Six of nine key planetary ‘health boundaries’ have been crossed, said researchers in a new report.

Fiscal corrective package unveiled by Romanian government disappoints investors

Iulian Ernst in Bucharest September 20, 2023

Investors associations say their members have been disproportionately targeted with tax measures, while the government is not doing enough to cut spending.

Bulgaria to accept Ukrainian grain, Romania plans 30-day ban

bne IntelliNews September 19, 2023

Heavy pressure from farmers in both countries to keep the ban amid fears Ukrainian grain will flood the local markets.

Poland bans import of Ukrainian grain after EU-wide embargo expires

Wojciech Kosc in Warsaw September 18, 2023

Ukraine has vowed to pursue legal action at the World Trade Organisation if any EU member states institute their own embargoes.

European Commission scraps rule of law monitoring for Bulgaria and Romania

bne IntelliNews September 17, 2023

CVM was introduced as a transitional measure on judicial reform and anti-corruption after two countries joined the EU back in 2007.

Romania builds concrete shelters near Ukraine border after series of Russian drone crashes

bne IntelliNews September 14, 2023

Shelters built in Tulcea county close to Ukrainian Danube ports that have repeatedly come under attack from Russia.

Inflation steady at 9.4% y/y in Romania in August

bne IntelliNews September 14, 2023

International rating agency Fitch expects a long period of disinflation until 2025.

Romania’s industry is losing ground despite marginal advance in July

bne IntelliNews September 14, 2023

Romania’s industrial output index increased by 0.6% m/m and by 0.9% m/m for the core manufacturing sector in July.

Poland gives EU “ultimatum” on Ukrainian grain imports

Wojciech Kosc in Warsaw September 13, 2023

Kyiv has said that it will take legal action against those EU member states that impose national bans against EU-wide trade rules.

Romania’s public debt eases in June to 48.4% of GDP

bne IntelliNews September 13, 2023

Romania’s public debt decreased by RON6.25bn in June to at the end of the month.

Romanian startup Druid raises $30mn in series B round

bne IntelliNews September 13, 2023

Funding to help Druid accelerate its international expansion, particularly in the US market.