Hajdinjak, ACUE: A sudden repeal of GEO 114, without transitional measures risks creating major imbalances
Frank Hajdinjak, president of the ACUE (Federation of Energy Utility Companies Associations), sent a letter to the Committee on Budget,…
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Economics&Markets
Fitch: Political uncertainty in Romania increases risks for public finances
The divide of the Romanian government coalition increases the political uncertainty before an election year and due to the advance…
ANRE wants to take European funds worth 20 mln. lei to simplify the process of changing suppliers
The National Energy Regulatory Authority (ANRE) wants to access a European funding line of 20 million lei, for the Project…
Risks of technical recession are increasing
The outlook is deteriorating in many countries, says Christopher Dembik, director of Macro Analysis, Saxo Bank. All the major economic…
Opposition tries to amend GEO 114/2018, PSD manages to block the return to free markets
Deputies from the Committee of Budget postponed discussions on GEO 114/2018, with subsequent changes, after the members of the Committee…
ALDE ministers resigned, Nicolae Bădălău might become interim Energy minister
Following the resignations of ALDE ministers Graţiela Gavrilescu – Minister of the Environment, Viorel Ilie – Relations with the Parliament…
Bill Gates-led USD 1 billion fund expands its portfolio of startups fighting climate change
The world needs to deploy and scale technologies that cut emissions—and fast. Breakthrough Energy Ventures (BEV), a USD 1 billion…
Ministers of Energy and Environment will resign on Tuesday after government meeting – sources
ALDE has decided to step out of government, and Energy Minister, Anton Anton and Environment Minister, Grațiela Gavrilescu will submit…
E.ON joins ranks of Germany’s corporate green bond issuers
German utility E.ON has raised 1.5 billion euros by issuing its first green bond, which ties the generated capital to…
The share of green car sales in Romania reached 3.7%
Sales of cars increased by 9.5% in Romania, in the first seven months of the year, compared to the same…
Inflation in Romania is three times higher than the European average – Eurostat
In July 2019, Romania kept the highest annual inflation rate among EU Member States, with an increase in consumer prices…
NBR maintains the inflation forecast at 4.2% by the end of the year
National Bank of Romania (BNR) kept the inflation forecast at 4.2% by the end of this year and estimates an…
Fiscal Council: Romania could exceed its deficit target
The target of budget deficit assumed by Romania for the end of 2019 could be exceeded and may oscillate in…
CDR complains about the lack of consultations and transparency of the fiscal measures taken to complete the new budget
Bogdan Tudorache The business associations assembled within the Coalition for the Development of Romania (CDR) complain about the lack of…
Central Bank maintains key – rate at 2.5%, amid lower inflation
The NBR Board decided to keep unchanged the monetary policy rate at 2.50 percent, while maintaining strict control over money…
CFA Romania: Depreciation of the national currency could reach 4.82 lei/ euro in the next year
CFA Romania analysts anticipate a depreciation of the national currency over the next 12 months to an average exchange rate…
Minister of Economy: We will find that Romania has no factories, even if has resources; we have a million euros for a geological program
The Ministry of Economy intends to develop the geological program to analyze Romania’s rare minerals, such as substances used for…
Moody’s: Romania’s lending profile is supported by favorable growth prospects in the medium term
The main difficulties for Romania’s credit rating include an expansionary fiscal policy and a deterioration of the current account deficit,…
Moody’s Analytics says climate change could cost $69 trillion by 2100
The consulting firm Moody’s Analytics says climate change could inflict $69 trillion in damage on the global economy by the…
McKinsey research finds the world becoming more exposed to China
The world has become more economically exposed to China at a time when the Asian giant is increasingly relying on…
The annual inflation rate declined to 3.84% in June
Consumer prices declined by 0.23% in June 2019 compared with the previous month and by 2.98% as compared to the…
Teodorovici: Today we end the discussions with the ministries on rectification
The talks with the ministries on the budget rectification will be concluded on Wednesday, and on Thursday the Prime Minister…
The European Commission has revised the economic growth estimates to 4%
The European Commission has revised to 4% growth estimates for the growth of the Romanian economy this year, while in…