* The Commission’s Joint Research Centre published on 18 July its report entitled ‘Drought in Europe — July 2022’, which presents an assessment of the drought situation in Europe, building on the work of the European Drought Observatory. Analysis of the evolution and impact of prolonged drought in the EU shows that a worrying part of the territory is currently exposed to drought at levels of warning (46 % of the EU) and alert (11 % of the EU), associated with a shortage of soil moisture causing stress on plants. Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth said: “Climate change increases the risk of severe drought and wildfires around the world. The Joint Research Centre puts science and technology at the service of monitoring climate change. Through this report, we better understand the situation in order to protect our forests, crops and waters.” Water and heat stress leads to a decrease in crop yield compared to previous negative forecasts for cereals and other crops. France, Romania, Spain, Portugal and Italy are likely to face this decline in crop yields. To a certain extent, Germany, Poland, Hungary, Slovenia and Croatia are also affected. In Italy, the Pad basin has the highest level of drought severity. Severe drought was declared in five regions of Italy and insufficient water available led to several restrictions on use in municipalities. Similar measures to limit water use have also been taken in France.
Romania’s business landscape has undergone a significant transformation, with company revenues tripling and profits increasing more than fourfold between 2008 and 2024, according to a comprehensive study released by Termene.ro. Based on official financial data, the research highlights what analysts describe as the country’s entry into a “new normal” of economic maturity. The study showed […]
A truck belonging to a Moldovan transport company loaded with weapons was detected at the Albita Customs, at the entrance to Romania, on November 20, Europa Libera Romania reported. According to the documents, it was intended for an Israeli beneficiary, but this has not been...
The Constitutional Court of Romania (CCR) will rule on December 10 on the objections expressed by the opposition party AUR against the revised law that includes higher taxes and better tax collection procedures, passed by the Parliament on November 18 in an amended form, such as to incorporate the issues already spotted by the CCR […]
The Social Democrat (PSD) candidate for the Bucharest mayor seat, Daniel Baluta, mayor of District 4 and president of PSD Bucharest organisation, leads with 26.6% of the general voting intentions expressed in the latest poll conducted by Inscop for Informat.ro. He is closely followed by the Liberal (PNL) candidate Ciprian Ciucu, currently mayor of District […]
Cris-Tim Family Holding (BVB: CFH) shares will start trading on the Bucharest Stock Exchange on November 26, following one of the most heavily oversubscribed initial public offerings ever conducted on the local market for retail investors, Ziarul Financiar reported. The listing follows a RON...
Banca Transilvania (BVB: TLV) is preparing to launch a new Additional Tier 1 (AT1) bond issue, denominated in euros, with an indicative coupon of 7.625% (semiannual payment), according to Bloomberg information consulted by Economedia.ro. The instrument is a EUR Benchmark Perpetual...
