* 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.
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
