Cost of energy crisis in Europe, close to 500 bln. euro
The bill for Europe’s energy crisis is approaching 500 billion euro, as governments in the region scramble to cushion the…
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Economics&Markets
Eurostat: The Netherlands and Romania, highest EU economic growth in Q2
The Gross Domestic Product of the European Union and the Eurozone registered an increase of 0.6% in the second quarter…
TeraPlast Group: 37% growth in turnover and exports higher by 79%
TeraPlast Group’s turnover increased in the first half of 2022, but at a lower pace than previous intervals, as an…
EY: M&A activity remains resilient in 2022, but further shocks could derail the outlook
Despite major geopolitical and financial headwinds, global M&A activity in H1 2022 has been resilient, according to analysis of M&A…
Isărescu: Energy energy price surges are both inflationary and recessionary, we work with all the tools to keep the situation under control
Energy price increases are both inflationary and recessionary, and the NBR is working with all instruments to keep the macroeconomic…
EIB to support Romania in the implementation of European projects
Romanian Government approved in Wednesday’s meeting the Memorandum by which the European Investment Bank will support Romania in the implementation…
Damov: Romania generates 22 mln. tons of waste per year, more than wheat production
The amount of waste generated in Romania is of 22 million tons per year, higher than the country’s wheat production,…
Chimcomplex will increase employees’ salaries by 24.5%
Chimcomplex, the largest chemical plant manufacturer of polyols in Eastern Europe, announces a significant increase in the salaries of its…
Chimcomplex announces 14.6 million euros profit in the first quarter of 2022
Chimcomplex, Eastern Europe’s largest chemical polyols producer, reports a 23.2% increase in turnover for the first quarter of 2022 compared…
FIC: 40% of companies plan to invest more in 2022
The Foreign Investors Council published the Business Sentiment Index (BSI) results for the latest edition, spring 2022. The survey shows…
Chiriţoiu: I do not expect any price reductions for gas, electricity or fuel in the coming months
The president of the Competition Council, Bogdan Chiriţoiu, stated that he does not expect the price of natural gas, electricity…
Adrian Vasilescu: Energy continues to fuel inflation around the world
Energy continues to fuel inflation around the world, and it is likely to see it decline at the end of…
Romania’s annual inflation rate rose to 13.76% in April
The annual inflation rate rose to 13.76% in April 2022, from 10.15% in March, given that non-food prices rose by…
C-Bank increases the key interest rate to 3.75% per year
The Board of Directors of the National Bank of Romania decided on Tuesday to increase the monetary policy interest rate…
Raiffeisen Bank: 14% of loans to companies granted for sustainable projects
Raiffeisen Bank is consolidating its role as a financier that facilitates the transition to a green economy and a sustainable…
Bosch to invest billions of euro in climate-neutral technology
Bosch Group announced sales of 78.7 billion euros and a pre-tax profit EBIT of 3.2 billion euro, according to a…
Germany would lose 5% of its GDP in the event of a Russian gas embargo
An immediate European embargo on natural gas imported from Russia could cost Germany up to 5% of its GDP this…
Solutions for protecting critical infrastructure
Critical infrastructure is an essential element of everyday life, but also national security, and its damage in any form has…
USR demands that the revenues from the Offshore Law reach Pillar 2 of pensions
USR MPs will submit, during the debates on the draft offshore law, an amendment so that the money obtained by…
ANPC fined gas stations with over 6.7 mln. lei for incorrect commercial practices
The National Authority for Consumer Protection has fined by 6.720 million lei a number of 608 economic operators in the…
Foreign direct investment increased by almost 10% in the first two months of 2022
Foreign direct investment increased by 9.7% in the first two months of this year, to 926 million euro, compared to…
Buildings in the Forte Partners portfolio are 100% powered by green sources
Entirely powering the projects developed by Forte Partners with electricity from renewable sources adds to other sustainable features that the…
Popa: Energy prices have been passed on in foods, NBR tries to counterbalance the effects
Energy prices have been transmitted to food, while services have felt less shocked, being less energy intensive, but the NBR…