CEE startups secure USD 11.8bn in Q1 despite global decline
Despite an overall downturn, the Central and Eastern European (CEE) start-up scene showed resilience in the first quarter of 2024, when...
Romania
Local elections held in parallel with EU ballot in Hungary, Bulgaria, Romania
One-third of the EU-27 member states held local or national elections in tandem with the European Parliament ballot on June 6-9....
CEE centre holds, as far-right scores gains in EU vote
Pro-European centrist parties performed well in Central and Eastern Europe (CEE) at the European Parliament (EP) elections held from 6-9 June,...
Romania mulls Danube HEP plant project with Serbia
Romania’s Energy Ministry confirmed that it may partner with Serbia to build a third hydroelectric power (HEP) plant on the Iron Gates...
Romanian gov’t, chemical industry sign energy-transition letter of intent
Romanian Minister of Economy, Entrepreneurship and Tourism Stefan-Radu Oprea and Romanian Chemical Industry Association Romchimica signed a letter of intent regarding...
Romania overtakes Hungary on PPP
Romanians have been consuming more than Hungarians, Budapest-based business website Portfolio writes, and now it has become clear why: wages were...
IMF report shows CEE catching up on southern European neighbours
Per capita income in Slovenia will surpass that of Italy by 2029 when adjusted for purchasing power (PPP), according to the...
CEE countries register EU’s highest, lowest inflation
Lithuania had the lowest annual inflation rate of 0.4% in the EU in March 2024, EU official statistics office Eurostat reports....
All roads lead to Romania, as PM vows motorway to Moldova will open this year
A 147.8km stretch of the A7 motorway between Bucharest and Moldova and north Romania will open this year, Romanian Prime Minister...
Romania moves to combat loss of southern arable land – Environment Minister
Romanian Minister of Environment, Waters and Forests Mircea Fechet warned of the need for action as rising temperatures continue to increase...
CEE members mark accession anniversaries as NATO vows to back Ukraine
NATO Secretary General Jens Stoltenberg agreed to progress with planning a greater role in coordinating aid to Ukraine on the first...
Bulgaria, Romania part-join Schengen zone
Romania and Bulgaria partly entered the Schengen free movement zone at midnight Sunday, 31 March, meaning air travel and freight, and...
Romania least reliant on gas imports in EU – analysis
Europe remains heavily reliant on energy imports even after recent crises, as dependence on Russia has been replaced by that on...
Romania to host Ukrainian pilot training
Romanian President Klaus Iohannis has approved the transit of Finnish equipment and supplies to Ukraine as well as the relevant training...
Romania earmarks EUR 400mn for SMEs
A total of EUR 400mn will be available to Romanian short- and medium-sized enterprises (SMEs) from 1 April, as the Start-Up...
Romania, Poland lead EU for female STEM grads
The highest shares of women tertiary education graduates in the scientific STEM subjects were recorded in Romania (42.5%) and Poland (41.5%),...
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 agency,...
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 it...
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 German...
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 an...