Romania

A collection of 199 posts

Albania tops region for sustainable energy mix

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 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%

Austria softens on Romania, Bulgaria in Schengen

Austria softens on Romania, Bulgaria in Schengen

1 min read Austria, Bulgaria, Romania

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

CEE inflation eases, but V4 still EU outliers

CEE inflation eases, but V4 still EU outliers

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’

Auto sector slides down large company list - Coface CEE Top 500 study

Auto sector slides down large company list - Coface CEE Top 500 study

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

A new dawn for nuclear in CEE - CET analysis

A new dawn for nuclear in CEE - CET analysis

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

IMF advises Romania to fight tax evasion

IMF advises Romania to fight tax evasion

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

Romania may sue Austria over Schengen

Romania may sue Austria over Schengen

1 min read Austria, Romania, schengen

Romanian Prime Minister Marcel Ciolacu on Monday 18 September issued a warning to Austria, stating that if Austria does not remove its veto on Romania’s Schengen accession bid by December, Romania will take the matter to the EU Court of Justice. Austria has been blocking the entry of Romania

Romanian PM announces joint business forum with Germany later this month

Romanian PM announces joint business forum with Germany later this month

3 min read Germany, Romania, FDI

Romania’s development and evolution are defined by resilience, sustainability, transparency, equity and efficiency, Romanian Prime Minister Marcel Ciolacu told the Annual Meeting of Romanian Diplomacy last week.  Romania must enter as many foreign markets as possible, Ciolacu said, and he asked Romanian Foreign Minister Luminita Odobescu to initiate a