Coface: Business environment kept stable in 2023, number of active companies up 32%
The business environment was stable in 2023, the number of insolvencies remained constant – 6,650, compared to 6,649 in 2022,…
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Greek gov’t offers farmers cheap electricity to persuade them to stop protests
Greek Prime Minister Kyriakos Mitsotakis offered farmers the opportunity to benefit from lower electricity bills for the next ten years,…
China: Clean energy gets 40% of GDP, top driver of economic growth in 2023
Clean energy contributed a record 11.4tn yuan ($1.6tn) to China’s economy in 2023, accounting for all of the growth in…
WB revised its estimates regarding the advance of the Romanian economy for the period 2023 – 2025
The Romanian economy registered an advance of 1.8% in 2023, 0.8 percentage points less than previously estimated, according to the…
Ciolacu: Record investments and economic growth of 3.4%
Prime Minister Marcel Ciolacu announced record figures during Thursday’s government meeting, despite the speech calling for moderation. One figure predicts…
Câciu: PNRR negotiations ended – additional financing of 1.4 bln. euro for REPowerEU
The negotiations with the European Commission for the revision of the National Recovery and Resilience Plan (PNRR) have ended, including…
WB: Romania should invest 3% of GDP for a decarbonized energy sector
Romania can increase its national income by almost three times in the next 30 years, if it implements measures to…
EBRD lowered the estimates regarding the evolution of the Romanian economy in 2023 and 2024
European Bank for Reconstruction and Development (EBRD) lowered the estimates regarding the evolution of the Romanian economy in 2023 and…
IMF: Total fuel subsidy expenditure exceeded USD 7,000 bln. in 2022
Global fossil fuel subsidies have risen by $2 trillion in the past two years, reaching a record $7 trillion in…
NBR kept key interest rate at 7% as inflation slows down
The Board of Directors of the National Bank of Romania decided, in Monday’s meeting, to maintain the monetary policy interest…
Lucian Croitoru: Clear rules that establish independence of regulatory institutions must be preserved
The clear rules that establish the independence of the BNR and other regulatory and supervisory institutions must be preserved, and…
ROENEF: We should renovate three times as much to meet our climate targets
The energy renovation rate should triple in order for Romania to align itself with the terms of the European directive…
EBRD improved outlook for the Romanian economy in 2023 to 2.5%
The European Bank for Reconstruction and Development (EBRD) has improved the estimates regarding the evolution of the Romanian economy in…
European Energy: Partnerships with LEGO, Novo Nordisk and Maersk – case studies for Romania
European Energy’s partnerships with LEGO, Novo Nordisk and Maersk represent as many practical cases of green fuel for the chemical…
EY: European economy shows resilience but the recovery will be sluggish
Euro area economic growth surprised on the upside, with stagnant GDP in Q4 2022 and likely modest growth in Q1…
Fitch: Romania and Bulgaria, highly vulnerable to decarbonisation transition risks
Romania, Bulgaria and Poland have the highest decarbonisation transition risks in Central and Eastern Europe (CEE), an analysis by global…
IMF forecasts a slowdown of the Romanian economy and an inflation of over 10% in 2023
The International Monetary Fund (IMF) has significantly revised the estimates regarding the growth of the Romanian economy this year, from…
INS has revised the economic growth for 2022 to 4.7%
The National Institute of Statistics revised down, to 4.7%, the advance of the Romanian economy in 2022, from 4.8% previously,…
C-Bank keeps key-rate at 7%, inflation shows signs of calming down
Board of the National Bank of Romania decided, in today’s meeting, to keep the monetary policy rate at 7.00 percent…
Romania’s economy grew in 2021 by 5.8%, compared to 2020
The estimated Gross Domestic Product for 2021, in semi-final data, was of 1,187.402 billion lei in current prices, increasing in…
PwC: At just 0.5%, the global rate of decarbonisation, at lowest level in over a decade
The global rate of decarbonisation stood at 0.5% in 2021, the lowest level in a decade, as energy consumption and…
Italy increases spending by 30 bln. euro to counter the energy crisis
Italy’s new right-wing government plans to announce on Monday about 30 billion euro in additional spending in the 2023 budget,…
NBR increased the key interest rate to 6.75%, inflation to decrease in 2023
In its meeting of 8 November 2022, the Board of the National Bank of Romania decided to increase the monetary…