Romania’s construction works up 5.8% y/y in January

bne IntelliNews March 22, 2023

Construction sector growth expected to halve in 2023, to 6.2% from 12.7% y/y in 2022.

bneGREEN: Pace, scale of climate change action has been insufficient – IPCC

by Roberta Harrington in Los Angeles March 22, 2023

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.

NEMETHY: The Fed will prioritise financial stability over the fight against inflation

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors March 21, 2023

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

All to play for in Russian-Chinese backyard

bne IntelIiNews March 21, 2023

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.

ING: Romania is issuance leader in SE region

Valentin Tataru Chief Economist of ING in Romania, Frantisek Taborsky is an FX & FI Strategist covering EMEA markets at ING, James Wilson is a EM Sovereign Strategist at ING. March 21, 2023

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 largest insurance firm Euroins loses licence

Iulian Ernst in Bucharest March 17, 2023

Romania’s Financial Supervisory Authority decided to withdraw Euroins' license and file a bankruptcy request.

Romanian wage growth keeps pace with inflation in January

bne IntelliNews March 16, 2023

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.

bneGREEN: China drives global wind turbine orders to new record in 2022

by Roberta Harrington in Los Angeles March 15, 2023

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.

Has Southeast Europe come of age as an investment destination?

Clare Nuttall in Glasgow March 15, 2023

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.

Romania’s industrial production keeps shrinking despite mixed January figures

Iulian Ernst in Bucharest March 15, 2023

Positive growth in January doesn’t change the big picture: the country is close to five years of industrial decline.

PPC reportedly seals deal to buy Enel’s Romanian assets for €1.26bn

Iulian Ernst in Bucharest March 9, 2023

Italian utility Enel plans to sell its subsidiaries in several countries including Romania.

German investor to build €1bn PV panel factory in Romania

bne IntelliNews March 8, 2023

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.

Gender gap persists in Emerging Europe’s industries of the future

Clare Nuttall in Glasgow March 8, 2023

Women are underrepresented in the growing ICT and green energy sectors.

bneGREEN: Rise in global CO2 emissions mostly offset by clean energy growth

by Roberta Harrington in Los Angeles March 7, 2023

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.

Romanian PM’s new AI adviser runs into controversy

bne IntelliNews March 7, 2023

Government promotion of adviser, named Ion, has been accused of using an image of a local school in Ciugud without permission.

Court ruling on Hidroelectrica management calls into question IPO planned this year

Iulian Ernst in Bucharest March 7, 2023

Ruling invalidated the selection of Romanian state-controlled hydropower group Hidroelectrica’s management back in 2019.

Romania’s retail sales mark robust 5.3% y/y growth in January

bne IntelliNews March 7, 2023

Non-food retail sales rose by 9.1% y/y, indicating strong consumer confidence.

Romania’s industrial inflation eases markedly to 24% y/y in January

bne IntelliNews March 3, 2023

Industrial price inflation peaked at over 50% y/y in July-August then fell as prices of energy and food moderated.

Ukrainian refugees and Russian migrants bring economic benefits but also stresses to Emerging Europe

bne IntelliNews March 3, 2023

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.

Romanian PM introduces world’s first AI government adviser

bne IntelliNews March 2, 2023

AI assistant named ‘Ion’ to provide real-time information on the “opinions and desires” of the Romanian population.