Number of electric vehicles worldwide has reached 42 million
The number of electric vehicles (EVs) worldwide continues to grow rapidly, according to the latest figures from Germany's Centre for Solar and Hydrogen Research (ZSW), reports DPA. At the end of last year there were about 42 million electric cars on the road, about 50 per cent more than in...
Renault chief calls for flexibility in timing of European transition to electric cars
The CEO of Renault is Luca De Meo. He expressed some doubts about the timeframe for the transition to electric vehicles in Europe. He argues that the carmaker needs to cut costs if it wants to meet its electric car targets. The transition to electric vehicles plays a crucial role...
Mazda- slight growth in Romania
The Japanese Mazda brand saw a slight increase in sales in the first half of 2024 supported mainly by the Mazda2. Mazda sold 1,453 vehicles in Romania in the first half of 2024. It recorded a slight increase of 3% compared to the first six months of the previous year....
OPEC maintains oil demand growth forecast for 2024
The Organization of the Petroleum Exporting Countries (OPEC) has maintained its forecast for a relatively solid increase in oil demand in 2024. It identified that resilient economic growth and advances in the air travel segment will support consumption in the summer months. OPEC informed that it expects global oil demand...
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...
