Construction sector growth expected to halve in 2023, to 6.2% from 12.7% y/y in 2022.
The pace and scale of what has been done so far to combat climate change, and current plans, are insufficient to tackle the problem, said scientists in the latest Intergovernmental Panel on Climate Change (IPCC) report.
For the past six months, the US Fed has been fighting inflation by jacking up interest rates and tightening money supply to fight inflation. This author, and others, predicted that “something will break”. Something did break: SVB
Russia and China will struggle for common policy on possible Russian soft underbelly Central Asia, Afghanistan, Mongolia, the vital Europe/Asia Caucasus crossroads, the Baltics, CEE and SEE.
Romania’s fiscal policy continues to consolidate and borrowing needs are at a record high due to the heavy maturity calendar. However, net issuance of ROMGBs is almost the same as last year. Romania is the region's leader with 44% of planned bonds.
Romania’s Financial Supervisory Authority decided to withdraw Euroins' license and file a bankruptcy request.
Average wages up 15% y/y in nominal terms in January, fully matching the rise in consumer prices after they lagged behind inflation for most of 2022.
Global wind turbine order intake hit new highs in 2022, with 44 GW procured in the fourth quarter and 134.6 GW for the year. Both of these order intakes were records, says a new analysis by Wood Mackenzie.
The Western Balkan countries are following the path established by Central Europe that emerged as a prominent manufacturing and services hub early in the transition period.
Positive growth in January doesn’t change the big picture: the country is close to five years of industrial decline.
Italian utility Enel plans to sell its subsidiaries in several countries including Romania.
AE Solar’s factory to meet one-third of the EU market’s demand when it reaches full capacity as Europe seeks to reduce dependence on solar panel imports.
Women are underrepresented in the growing ICT and green energy sectors.
According to the latest report from the International Energy Agency, CO2 Emissions in 2022, global energy-related carbon dioxide emissions rose by less than 1% in 2022.
Government promotion of adviser, named Ion, has been accused of using an image of a local school in Ciugud without permission.
Ruling invalidated the selection of Romanian state-controlled hydropower group Hidroelectrica’s management back in 2019.
Non-food retail sales rose by 9.1% y/y, indicating strong consumer confidence.
Industrial price inflation peaked at over 50% y/y in July-August then fell as prices of energy and food moderated.
Looking forward to the end of the war, whenever it happens, policymakers are already speculating on how many of the refugees and migrants are likely to stay and how many will return.
AI assistant named ‘Ion’ to provide real-time information on the “opinions and desires” of the Romanian population.