INFBusiness

INFBusiness

Commission lifts CVM monitoring on Romania

Commission lifts CVM monitoring on Romania | INFBusiness.com

Romania has made enough progress on judicial reform and the fight against corruption, the European Commission said on Tuesday, adding it would stop monitoring the country under the Cooperation and Verification Mechanism (CVM). The bloc’s executive considers that Romania made…

Hungarian central bank, economy minister clash on interest rates

Hungarian central bank, economy minister clash on interest rates | INFBusiness.com

While the Hungarian central bank pledged to maintain tight monetary conditions and high-interest rates, the economic development ministry capped interest rates for larger institutional investors, with some experts worrying the move may impede the efficiency of monetary transmission and hamper…

Enel confirms Romania exit plan

Enel confirms Romania exit plan | INFBusiness.com

Italian utility group Enel will sell its Romanian assets by the end of next year, as part of a larger plan to cut debt and focus on six main markets, the group said on Tuesday (22 November). Romanian and Greek…

Slovenia to implement windfall tax on energy companies

Slovenia to implement windfall tax on energy companies | INFBusiness.com

The government unveiled a draft law that would impose a windfall tax on energy companies in 2022 and 2023 to subsidise renewables and finance measures to reduce electricity demand during peak times. Under the proposal, any revenue over €180 per…