A collection of 189 posts
German defence industry group Rheinmetall has acquired a 72.5% stake in Automecanica Medias from Romania, estimating that it will have an annual sales potential of up to EUR 300mn. The rest of the company’s shares will remain in private ownership. The contract still requires approval from the relevant
Romania has economically surpassed Greece, Hungary and is closing in on Poland, Romanian Economy Minister Stefan Radu Oprea underlined in a summary of his speech at an “Anti-RO-exit” event, against “extremist voices” who advocate for Romania leaving the EU. In a post that poses the question: “What would Romania’s
The number of battery-only electric passenger cars in the EU neared 3mn in 2022, up 55% from 1.9mn in 2021, according to the EU’s official statistics office Eurostat. In Central and Eastern Europe (CEE), Austria has the highest ratio of cars under two years of age, with 13%
More than 42,000 electric cars have been registered, so far, in Romania, of which around 16,800 only in 2023, 35% more than in 2022, according to research published Thursday. Researcher Lektri.Co was established in Timisoara in 2018, and operates 20 charging stations are present in Romania, Serbia,
New train services will run from March between Ruse, north-east Bulgaria, and Henri Coanda Otopeni International Airport via Giurgiu, south Romania, and Bucharest North railway station, tourism website bgtourism.bg announced. Private railway operator Transferoviar Calatori (TFC) will run the link to Romania’s busiest airport, which is possible due
The share of renewable sources in gross final energy consumption at the EU level reached 23% in 2022, up 1.1 percentage points (pp) year-on-year, the bloc’s statistics office Eurostat reports. The EU’s revised Renewable Energy Directive has upped the bloc’s 2030 renewable energy target from 32%
In recent months, Austria’s stance on Romania and Bulgaria’s Schengen Area accession has been shifting, particularly in terms of air travel. Now Austria has proposed a conditional easing of its stance via “Air Schengen,” an initiative that would allow passport-free air travel for these two countries while maintaining
Bulgaria placed bottom in the EU for recycling disused ICT devices, in a survey conducted in 2022 by EU official statistics office Eurostat. Only 3.4% recycle their old desktop computers in Bulgaria. Sweden (29%) recycles the most old desktop computers, ahead of the Netherlands (27%). Austria was the highest
Romania will not levy new taxes next year, Romanian Prime Minister Marcel Ciolacu pledged on Thursday 16 November, with parliamentary elections expected in around a year. “I said very clearly that there will be no new taxes next year,” Ciolacu said at the opening of a government meeting. “I want
Hungary remained the EU’s most inflationary economy with an annual rate of 9.6% in October, an EU statistics office Eurostat report released Friday 17, November revealed. On the upside, this was the first time Hungary’s inflation rate had fallen to single digits since April 2022. The EU’
Automotive and Transport has dropped to third place amongst large companies in CEE, as business sectors of Central and Eastern European (CEE) shifted in size, partly due to soaring commodities prices, the latest Coface CEE Top 500 study found. In its 15th annual study, the French insurance company collects data
Central and Eastern Europe (CEE) is becoming increasingly diversified, ING Bank writes in a new report on Poland, Czechia, Romania and Hungary. This diversification includes economic outlooks, inflation profiles and reaction functions of central banks, the Dutch bank added in its report entitled “One region but very different stories for
A gas project off Romania’s coast in the Black Sea has become the centre of a dispute between the country and its Central and Eastern Europe (CEE) neighbour Austria. The diplomatic standoff involves geopolitical and energy issues around the Neptun Deep gasfield, and also Austria’s steadfast opposition to
With energy-intensive industries to sustain, Central and Eastern Europe (CEE) is turning to nuclear power to simultaneously meet energy needs and climate targets. Nuclear looks set to be around 50% of the energy mix of several CEE countries within years. The war in Ukraine transformed Europe’s energy landscape, and
Romanian Prime Minister Marcel Ciolacu declared that he was happy after holding discussions with International Monetary Fund experts after their annual visit from 25 September and 4 October. According to Romanian Finance Minister Marcel Bolos the IMF had advised the government to crack down on tax evasion. The IMF overall