A collection of 199 posts
The emerging economies of Central and Eastern Europe (CEE) are closing in on their Western neighbours thanks to the emergence of new technologies, and nowhere more so than Poland, according to Britain’s oldest independent research institute. CEE is likely to become a new centre of gravity of economic growth
The National Bank of Romania (BNR) revised upward, to 7.5% its inflation prognosis for the end of this year on Wednesday, 9 August. According to the data presented by the central bank’s governor Mugur Isarescu, inflation will be 4.4% at the end of 2024. Presenting the Quarterly
Romania has signed a RON 562.61mn (EUR 106.64mn) construction contract for a road connecting the Autostrada Transilvania (A3) and the DN1 in Tureni, Cluj county, central Romania, Digi24.ro reported on Friday, 28 July. The expressway will include 7 bridges and viaducts, with the longest being a 258-metre
The opening of the Braila road suspension bridge puts Romania into the category of countries with leading road infrastructure, Romanian Road Infrastructure Administration Director Cristian Pistol told media at its inauguration ceremony, Digi24.ro reports. The EUR 700mn project received EUR 363mn from the EU’s Cohesion Policy funds. According
The top 11 inflation rates in the EU were in Central and Eastern Europe (CEE) countries in June 2023, according to new data figures published by Eurostat, the EU’s official statistics office. All of the EU member states in CEE registered inflation over the EU average of 6.4%
National Bank of Romania (BNR) chief economist Valentin Lazea warned that the country’s ballooning deficit could make it “the next candidate for IMF assistance and possible suspension of EU funds”. Lazea wrote that Romania risks achieving an unwanted economic precedent in the EU: “a country that committed to reducing
Central and Eastern European (CEE) countries may hinder the EU’s ability to meet its climate goals, according to campaigners who are concerned about their National Energy and Climate Plans (NECPs). European Commission President Ursula von der Leyen has emphasised the European Union’s commitment to achieving a net-zero power
Romania last year recorded the EU’s lowest level of prices for consumer goods and services in households, 42% below the EU average, according to the Romanian National Institute of Statistics (INS), www.digi24.ro reported. Romanian prices are followed by Bulgaria (41% below the EU average) and Poland (38%
Austria (26%) and Estonia (23%) had the EU’s highest proportions of organic land within their total utilised agricultural area (UAA) in 2020, according to recent data released by Eurostat. In 2021, the area used for organic farming expanded to 15.9mn hectares (ha) – or just under 10% of the
Incoming Romanian Prime Minister Marcel Ciolacu stressed the importance of the EU and NATO, on Thursday, 15 June, in his first speech since becoming premier. Romania’s new government has been officially confirmed by the parliament, and it includes former EU permanent representative Luminita Odobescu as foreign minister. After being
Romania will inaugurate its first new airport in over 50 years this week, with the goal of serving over one million customers annually by 2026, local media reported. Aeroportul International Brasov (Brasov-Ghimbav International Airport) will be the country’s third largest, after Henri Coanda near Bucharest, and Cluj-Napoca, west Romania.
Poland outstretched all of its EU peers for growth in the first quarter of 2023, the bloc’s official statistics office Eurostat reported in its revised data. In Central and Eastern Europe (CEE) – and Europe as a whole – Poland had the highest growth rate of 3.8%, ahead of Croatia
Only 4.48 million EU citizens aged 15 to 29 found themselves unemployed last year, according to the latest data from the EU’s official statistics agency Eurostat. This constituted 6.3% of those in that age group, a historic low since 2009, it added. The lowest rate in Central
“Romania, and Europe, have lost the battle with China in certain segments, such as battery production, but we are trying to recover this gap,” Romanian Economy Minister Florin Spataru said on Thursday 25 May, state news agency Agerpres reported. “How do we manage to have a balanced approach in the
Electric and hybrid cars are gaining ground in Romania, as the segment represented over 20% of all new cars sold in the country in the first four months of 2023, digi24.ro reports, citing data from the Association of Automobile Manufacturers and Importers (APIA). Sales of electric cars have consequently