* 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.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
