AGP Executive Report
Last update: 3 hours agoTrade: Romania’s goods deficit reached €22.44 billion in the first eight months of 2026, up €307 million year on year. The August gap widened to €3.14 billion, even as exports rose 11.6% year on year. Energy Storage: R.Power’s 127MW/254MWh Scornicești battery project in Olt County is nearing completion, with grid connection expected in late 2026 or early 2027. The €46 million project includes €44 million in EBRD financing. Economic Growth: GDP was flat quarter on quarter in Q2 and fell 1.9% year on year; output contracted 0.6% in the first half, with weaker household consumption a key drag. Investment: Greenvolt secured €284 million to build a 253MW wind project in Romania, while Rheinmetall acquired the Mangalia shipyard for €138 million, excluding VAT. German companies are also continuing to invest, citing regional competitiveness.
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