AGP Executive Report
Last update: 5 hours agoInflation Watch: Romania’s annual inflation climbed to 10.85% in May, with services up 13.53% and food rising 6.78%, keeping the economy stuck in stagflation as growth hovers near zero. EU Defence Industry: President Nicușor Dan signed the law setting up the EU SAFE defence instrument framework, aimed at speeding Romania’s access to EU support for the defence industry. Steel Deal in Motion: Liberty Galati’s amended sale plan was approved, relaunching an auction for the integrated steel plant and pipe mill on June 19, with a court-set floor price of €463.0m; the Galati platform spans 1,600 hectares and targets sectors like construction, automotive, naval, energy and defence. Political Stability: After Eugen Tomac withdrew, Dan nominated Adrian Veștea as prime minister-designate, giving him 10 days to build a coalition and win a confidence vote. Energy & Renewables: PPC Renewables Romania added battery storage to the Colibași solar park, while other projects point to continued momentum in grid-scale storage and hybrid generation. Trade & Industry Links: Romania, Pakistan and Indonesia agreed to deepen trilateral trade, with a focus on agriculture, energy, manufacturing, technology and logistics.
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