Romania

Romania rated BBB- by Fitch

The rating for Romania's long-term foreign currency debts is BBB- with a stable outlook, Fitch announced. According to the rating…

1 year ago

Romania ordered to repay Blue Air’s state aid

Blue Air's restructuring plan has failed to restore its long-term viability and the Romanian state must return the EUR 33.84mn…

1 year ago

Rheinmetall expands Hungary ammo maker

The expansion plan of the new ammunition plant of Rheinmetall in Varpalota, west Hungary, has been underway since January, the…

1 year ago

Rheinmetall expands CEE presence with majority purchase of Automecanica Medias

German defence industry group Rheinmetall has acquired a 72.5% stake in Automecanica Medias from Romania, estimating that it will have…

1 year ago

Romania has overtaken Greece, Hungary – Economy minister underlines EU benefits

Romania has economically surpassed Greece, Hungary and is closing in on Poland, Romanian Economy Minister Stefan Radu Oprea underlined in…

1 year ago

Austria leads CEE for most new cars, Estonia regional laggard

The number of battery-only electric passenger cars in the EU neared 3mn in 2022, up 55% from 1.9mn in 2021,…

1 year ago

Romanian e-vehicle market grew by over one-third in 2023

More than 42,000 electric cars have been registered, so far, in Romania, of which around 16,800 only in 2023, 35%…

1 year ago

Fast rail link to Romania’s busiest airport to open in March

New train services will run from March between Ruse, north-east Bulgaria, and Henri Coanda Otopeni International Airport via Giurgiu, south…

1 year ago

Albania tops region for sustainable energy mix

The share of renewable sources in gross final energy consumption at the EU level reached 23% in 2022, up 1.1…

1 year ago

Austria softens on Romania, Bulgaria in Schengen

In recent months, Austria's stance on Romania and Bulgaria's Schengen Area accession has been shifting, particularly in terms of air…

1 year ago