In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.
Ruling PNL party plans to form a minority cabinet with the support of the ethnic Hungarian UDMR, and without their former partners, the USR.
USR's leader cabinet failed to secure support from any other party and was only backed by 88 MPs out of a total of 466.
While the debate rages over the Nord Stream 2 pipeline, a separate pipeline system carrying Russian gas to Southeast Europe has been quietly opened over the last few years, which enables the countries on its route to avoid the worst of the gas crisis
Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.
While the current gas crisis in the EU sees record-high wholesale gas prices, hurting consumers and causing the latest round of a supply disputes with Russia, the race to net zero by 2050 could have deeper long-term consequences for EU gas demand.
Lender BCR joins a growing number of corporate issuers of green bonds in Romania.
Military hospitals expand capacity to treat COVID-19 patients and neighbouring countries offer help.
Romania's automotive industry had been going strong pre-crisis and seemed to recover in late 2020 — only to be depressed by the semiconductor crisis this year.
Annual CEE Strategic Transformation Index puts Slovenia top in CEE (after Austria), followed by Czechia and Poland.
Strong growth in both exports and imports in August resulted in trade gap of €1.73bn.
EU’s pro-nuclear member states want nuclear energy to be included in the bloc's green taxonomy as a way to ameliorate climate change.
The Bucharest Stock Exchange's main BET index surged by 29% in January-September, more than double the growth of the US’ S&P 500 index or Europe’s STOXX600.
Opposition Social Democrats say they will file criminal charges against Florin Citu, claiming he channeled the money to mayors who backed him in the National Liberal Party leadership election after losing confidence vote.
A couple of hours before the fall of Florin Citu's government, the National Bank of Romania hiked the monetary policy interest rate by 25bp to 1.5%.
After MPs vote to oust Citu, it's unclear how a new government could be formed by the current parliament, and early elections cannot be ruled out.
Third deadly fire breaks out in a Romanian COVID-19 hospital as government struggles to manage the fourth wave of the pandemic.
New FDI, meaning equity investments by incumbent or new foreign investors, added up to less than €1bn in 2020.
Investors share robust confidence in the Romanian economy, but the political turmoil and, to some extent the potential impact of the fourth wave of the pandemic, are toning down their optimism.
Elefant.ro is reportedly planning an IPO on the Bucharest Stock Exchange in November.