After years of delays, the IPO of Romania's largest electricity producer Hidroelectrica is expected by the end of June 2023.
After surviving the pandemic thanks to generous government support, smaller airlines are now struggling with soaring fuel and labour costs.
Romania’s GDP increased by 5.3% y/y in Q2, driven by the services sector and a significant increase in inventory.
Discontent is growing in Central and Southeast European countries that are suffering the highest inflation in the EU, pumped up by soaring food and energy prices.
Struggling low-cost carrier’s accounts frozen by Romania’s Ministry of Environment.
Oxford Economics says risk of wage-price inflationary spirals is “overblown”.
Households’ purchasing power is being eroded by the rising inflation, but people keep spending as they expect even higher prices in future.
Europe is facing its worst drought for 500 years, as the European Commission has warned that nearly half of the EU’s territory faces severe water shortages in August, as climate change has caused low rainfall levels and record-high temperatures.
Across the EU 72% of EU internet users aged 16-74 read online news sites, newspapers or news magazines, but only 59% of Romanians read news online.
Supply shocks continue to plague the eurozone economy, causing inflation to show few signs of abating in the short run.
In the context of severely heightened security concerns across Emerging Europe, the 2024 US presidential election is already seen as a significant risk for the region.
Europe’s efforts to fill its gas reserves ahead of the coming winter could come with a hefty price tag, as global LNG price have reached up to 10 times their normal levels as the continent scrambles for available cargoes.
Chimcomplex reports 42% y/y decline in net profit in H1 as its business is hit by high electricity and natural gas prices.
evoMAG raises its first major funding in 17 years as it pursues expansion in Romania and abroad.
Deal to accelerate SeedBlink's coverage as a pan-European player, broadening its geographic footprint in CEE and Benelux.
Two major Romania energy companies — natural gas and electricity producer Romgaz and nuclear power company Nuclearelectrica — have reported sharp hikes in their profits for the first half of 2022.
Romania’s public debt reached €124.3bn at the end of May after the government raised €1.75bn in the month with its third series of Eurobonds this year.
Since the beginning of the year, BET-TR has grown by 5.71% ytd, recovering entirely from the fall caused by the war in Ukraine and deterioration in Romania's economic prospects.
Inflation expected to reach 13.9% in December as war in Ukraine keeps fuelling supply-side issues in some key commodity markets.
Water levels are critically low in Romania, which is both a major EU grain producer and a channel to export Ukrainian grain to international markets.