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OECD Capital Market Review of Romania Romania     In the years before the COVID-19 pandemic, Romania enjoyed strong economic growth, which reduced the gap in terms of income per capita with high-income European Union (EU) economies and resulted in a decline in unemployment. However, the global economic shock caused by the COVID-19 pandemic has aggravated a number of long-term structural challenges in the Romanian corporate sector and capital markets. In particular, the use of market-based financing by the corporate sector is very limited compared to other markets in the region. This represe...

Energy efficiency in Hungary begins at home Energy efficiency in Hungary begins at home Hungary could save 16 per cent of its total energy consumption by retrofitting all existing residential and public buildings, a study commissioned by the European Bank for Reconstruction and Development (EBRD) and financed by the European Union’s (EU) Structural Reform Support Programme says. This amount equals 122 Petajoule (PJ) and energy efficiency improvements on this scale would also make a significant contribution to achieving Hungary’s energy saving targets. The national energy and climate plan...