A collection of 229 posts
Romania’s economy will grow by 6% this year, fully reversing the 3.9% contraction caused by the COVID-19 pandemic last year, according to an updated Global Economic Prospects published by the World Bank. The global outlook remains subject to significant downside risks, including the possibility of additional COVID-19 waves
This week, Romania announced that it was ditching coal, thus joining the majority of EU member states that have made a pledge to phase out their coal industries. Romania’s plan sees a total coal phase-out by 2032. In the meantime, in 2022 the country will come up with legislation
On 22 April, Ford Europe announced it would invest USD 300 million in Romania to build new light commercial vehicles in its Craiova plant starting from 2023. The Romanian investment was announced weeks after Ford having disclosed it would turn its factory in Cologne, Germany into its European EV automotive
Within the EU, Romania is a hardliner against Russia, and a country almost immune to Russian pressure in Eastern Europe. New developments, especially the election of a new, pro-Romanian president in Moldova, raise the risk of further deterioration of Russo-Romanian relations, which have never been seamless. Romania was one of