Europe’s largest photovoltaic park officially opened in Germany
German transmission grid operator 50Hertz has officially inaugurated the 650 MW Witznitz photovoltaic park. It is located south of Leipzig, Germany. It is described as the largest solar power plant in Europe. Witznitz Park has been built in the last two years on the site of a former lignite quarry....
Euro area economic activity growth slows – S&P Global
The recovery in euro zone private sector business activity has unexpectedly lost momentum, with the results of the French elections weighing on business and industrial confidence The Composite Purchasing Managers' Purchasing Managers' Index (PMI) in the euro area, calculated by S&P Global and considered a good indicator of the health...
Car sales in Romania increased by almost 15%
New car registrations in Europe (EU plus UK and EFTA countries) fell by 2.6% in May. The decline was recorded amid reduced demand for electric vehicles, according to a report by the European Automobile Manufacturers Association (ACEA). Romania reported a 14.7% advance. The statistics are valid for the 27 Member...
Budgetary problems of Eastern European countries are exposed
Governments in Eastern Europe increase bond issuance to record levels. The supply of local and international bonds has increased this year. Bond sales on international markets hit a record $36bn for the region's most active issuers, led by Poland and Romania. The last country in the region to access international...
Urbano Group wants to build the biggest shopping park
Urbano Group wants to build the largest commercial park in Transylvania. The company appointed Nhood Romania as the exclusive agent for the commercialization of the Urbano Shopping & Living project. It will be built on an area of 27 hectares. Urbano Shopping & Living will be developed in two phases....
Deutsche Bahn sells DB Schenker
Deutsche Bahn has received several offers for its logistics division DB Schenker, which could fetch it more than 15 billion euros in one of Europe's biggest deals this year. Deutsche Bahn wants to sell the logistics division, also present in Romania. The aim is to focus on the core business...
OPEC maintains its estimate of strong oil demand growth
OPEC is the Organization of Petroleum Exporting Countries (OPEC). On Tuesday, it maintained its forecast for a significant increase in oil demand in 2024. It also estimated that there are chances that the world economy will perform better than expected this year. OPEC expects global oil demand to rise by...
A new LNG terminal in Germany
German state LNG terminal operator Deutsche Energy Terminal (DET) has announced the completion of the operational structure of its floating storage and regasification unit (FSRU) for the Wilhelmshaven 2 LNG terminal located in northern Germany, writes Enerdata. Following the conclusion of a public tender procedure, the Lithuanian company KN Energies...
The highest liquidity of TTS shares in March 2024
In March 2024, TTS shares climbed to the 7th position in the ranking of the most traded shares listed on the Bucharest Stock Exchange, with a transaction value of RON 51,987,872 (USD 11,377,898), representing 4.36 % of the total value of registered transactions of shares included in the Premium Category....
Dacia Sandero is the leader in the ranking of registrations in Europe
Dacia Sandero managed to maintain the first position in the ranking of car registrations in Europe at the end of the first three months of 2024. Three "made in Romania" models are in the Top 50. It is a B-class model of the Romanian brand, part of the Renault group....
