The Middle East conflict is driving up energy prices and pushing inflation higher across CEE. Oil and gas shocks hit import-dependent economies hardest, forcing central banks to postpone planned rate cuts as markets turn risk-off, according to an analysis by ING Bank.
The Black Sea Energy Cooperation Association (Besca) has begun operations in Romania as a platform for collaboration among investors, developers, and experts involved in renewable energy projects across the Black Sea region.
Three out of four Romanians traveling abroad this summer have chosen Greece, Bulgaria, Turkey, or Italy as their destination, finds a recent CEC Bank survey.
The study reveals that 83% of Romanians have a plan for their upcoming vacation season. Only 6% do not intend to go on holiday, while 12% have yet to finalize their arrangements.
Romania and Turkey have signed their first memorandum in the energy field to improve energy security, renewable energy investments, and enhance regional infrastructure.
Hartmann Packaging has announced the purchase of the Romanian subsidiary of Dentaş Kağıt Sanayi, which specializes in the production of molded fiber packaging solutions.
The biggest growth in Eastern Europe is foreseen in Bulgaria going into 2025, while the rest of the countries are projected to make side moves in the coming years, according to a report by the Eastern European Construction Forecasting Association (EECFA).
BT raised €1 billion from international markets through a bond issuance that was almost four times oversubscribed, with the bank mitigating the impact of volatility in financial markets.
Romania's national electricity transmission company Transelectrica is managing €51.7 million in funding from the National Recovery and Resilience Plan's (PNRR) REPowerEU component.
The European Commission has opened an in-depth investigation into Romania's planned state support for refurbishing the Cernavoda 1 nuclear reactor, questioning whether the €3.2 billion aid package complies with EU state aid rules.
Vastint Romania, part of Vastint Group, has signed the first lease agreement for the second phase of Timpuri Noi Square (TNS). Scor, a global reinsurer, has selected the project for its permanent operations in Romania, where it will occupy 3,250 sqm.