Scientists Warn of Escalating Global Heat Threat, Poorest Nations Face the Harshest Impact

A new international analysis warns that rising global temperatures are set to make extreme heat a far more common part of life for billions of people by the end of this century — with smaller and poorer nations expected to suffer the greatest effects.

The joint study, led by researchers from World Weather Attribution and Climate Central, projects that the world could experience almost two additional months of dangerous heat each year if current emission trends continue. These findings build on a decade of research linking human-driven warming to increasingly frequent and severe heat events.

While the Paris Agreement has helped slow the pace of global warming, scientists say its impact will not be enough to spare many regions from dangerous temperatures. Without the measures introduced under that accord, the planet would likely be heading toward a much higher level of warming and more than three extra months of extreme heat days annually.

The analysis, which draws on computer simulations and historical weather data from more than 200 countries, compares current patterns of extreme heat with projected scenarios for later this century. Under an expected rise of around 2.6 °C above preindustrial levels, the planet is forecast to gain roughly 57 additional days of abnormally high heat compared with present conditions.

If global emissions continue unchecked, pushing temperatures closer to 4 °C above preindustrial averages, the number of extreme heat days could double by 2100.

Scientists emphasise that the burden will not fall equally. According to the data, small island and coastal nations — including the Solomon Islands, Samoa, Panama and Indonesia — are likely to face the steepest rise in heat exposure despite contributing little to global emissions. For example, Panama could see more than four extra months of exceptionally hot weather each year, even though such nations together account for roughly 1 percent of the greenhouse gases currently in the atmosphere.

By contrast, the largest polluting countries — such as the United States, China and India — may experience only around three to four additional weeks of extreme heat annually, despite producing about 42 percent of the world’s carbon dioxide emissions.

The scientists describe this imbalance as one of the clearest demonstrations of climate inequality yet recorded. They warn that the growing disparity will deepen social and geopolitical divisions as heat waves place increasing pressure on food systems, infrastructure, and public health across the developing world.

Researchers also point out that since 2015, the planet has already seen an average increase of around 11 additional days of dangerous heat each year. This trend has intensified hospital admissions and fatalities linked to heat-related illness in many regions.

Recent events illustrate how rapidly these risks are rising. The heat wave that struck southern Europe in 2023, for example, was found to be about 70 percent more likely than it would have been before the Paris Agreement, and roughly 0.6 °C hotter than comparable events a decade earlier. Without stronger action to reduce emissions, scientists warn that by the end of the century, such heat waves could be several degrees hotter.

While the research has not yet undergone formal peer review, it uses methods widely accepted within climate attribution science. The findings reinforce conclusions drawn from earlier studies by the United Nations and national climate agencies — all indicating that human activity is now the decisive driver of the world’s accelerating heat extremes.

As one senior scientist involved in the work remarked, the outlook for many regions is painful but not hopeless: global efforts since 2015 have already prevented an even more severe trajectory. What remains, she said, is to ensure that momentum is not lost, and that wealthier nations help those least able to withstand what lies ahead.

Strategic Investments Reshape Romania’s Industrial and Logistics Landscape

Romania is entering a new phase of industrial expansion as major projects in energy, defence, and critical materials begin to translate into tangible growth for the country’s logistics and manufacturing sectors. Supported by both national initiatives and European funding, these investments are expected to boost Romania’s role in strengthening regional energy security and industrial resilience.

In the renewable energy and storage sector, Prime Batteries Technology is expanding its facility near Bucharest from 2.5 GWh to 8.5 GWh of annual production capacity. The investment will significantly increase domestic output of energy storage systems and lithium-ion batteries, supplying European clean-energy markets. The project has already created new demand for logistics and warehouse capacity to support the handling of high-value components and finished modules.

A second flagship initiative is the Doicești small modular reactor (SMR) project in Dâmbovița County, developed by Nuclearelectrica in partnership with NuScale Power and Fluor Corporation, with support from the US Export–Import Bank. Designed to host six 77 MW modules—a combined output of 462 MW—the plant could become one of Europe’s first operational SMR facilities. The project, currently in its second engineering phase, is already generating regional construction activity and specialised transport demand for heavy and high-precision equipment.

Romania has also been included among the EU member states selected for €615 million in funding under the Critical Raw Materials Act (CRMA), which aims to strengthen Europe’s capacity for mining, processing, and recycling strategic resources. Among the key initiatives is Verde Magnesium’s plan to restart magnesium production in Bihor County, positioning Romania as one of Europe’s limited domestic suppliers of the material essential for lightweight alloys and clean technologies.

The defence sector is undergoing similar expansion. A planned €535 million ammunition powder plant, to be built by Rheinmetall, is scheduled to break ground in 2026 and will create approximately 700 jobs. The investment will enhance Romania’s defence manufacturing base and add to the country’s growing network of logistics and supply infrastructure serving the sector.

Romania’s strategic location is being reinforced by large-scale logistics upgrades. The recent €130 million expansion of the DP World Constanța terminal doubled its container capacity to 1.5 million TEU, adding new intermodal and project-cargo facilities. The improved maritime gateway will support logistics flows linked to both renewable energy and defence-related cargo across the region.

According to Cushman & Wakefield, Romania’s modern industrial and logistics stock is expected to reach around 8 million square metres by the end of 2025, reflecting continuous demand from manufacturing and distribution companies.

Andrei Brînzea, Partner Business Development at Cushman & Wakefield Echinox, said the convergence of these investments is positioning Romania as a key industrial hub in Europe:

“In a European context marked by geopolitical and economic shifts, Romania could consolidate its strategic position for these industries. Investments in infrastructure, favourable public policies and partnerships with global leaders will accelerate this transformation, with a positive impact on the national economy and the country’s standing on the industrial map of Europe. On the other hand, understanding the logistical and industrial needs of companies in these sectors can open opportunities for both tenants and investors.”

Taken together, these projects and policies mark a structural shift in Romania’s economic landscape. Strategic investments in energy, defence, and critical materials are not only expanding the country’s industrial capacity but also reshaping its logistics framework—strengthening Romania’s position as a central link in Europe’s evolving network of sustainable production and supply chains.

 

Source: Cushman & Wakefield Echinox

Photo: Andrei Brînzea, Partner Business Development at Cushman & Wakefield Echinox

West Group Exceeds Full-Year Target with €65 Million in Nine-Month Revenue

West Group reported consolidated revenue of more than €65 million for the first nine months of 2025, surpassing the full-year target of €60 million set at the beginning of the year. The company, which employs over 800 people across 25 projects in Germany and Romania, continues to strengthen its position in the regional construction and real estate markets.

Half of the company’s income came from its civil and industrial construction operations, while ready-mix concrete production contributed 32 percent and real estate development and logistics accounted for 18 percent. The figures reflect a balanced business model and a diversified source of revenues.

Founder Dan Crăciunescu said the results demonstrate the company’s ability to maintain steady growth across multiple business lines. He noted that exceeding the annual target in a challenging economic environment highlights the group’s operational strength and financial stability, giving it the capacity to support ongoing projects in both Germany and Romania.

In Germany, West Group is involved in a number of large-scale industrial and commercial developments. The company continues structural works for the ESMC semiconductor plant in Dresden, part of a €10 billion investment spanning 340,000 square metres, with completion expected by December 2026. It is also carrying out structural works for the HPQ Offices complex in Frankfurt, which includes the new headquarters of ING Germany and provides around 64,700 square metres of modern office space. Additional ongoing projects include work on the Mercedes-Benz plant expansion in Böblingen–Sindelfingen and the historic Bonatzbau building in Stuttgart, part of the Stuttgart 21 railway hub, both scheduled for completion at the end of 2026.

The company’s residential activities in Germany include the recent completion of the Candidplatz development in Munich, a complex of 193 apartments, and the MurrTerrassen project near Stuttgart, which features six residential buildings with 102 apartments, office space, and an underground car park with 138 spaces.

In Romania, West Group operates four ready-mix concrete plants serving the Bucharest–Ilfov area through its own mixer-truck fleet. It is also advancing work on the iResidence residential project, which the company took over entirely in August 2025. The structural frame has been completed for 273 of the 547 apartments, while exterior joinery has been installed in building B3. Interior partitioning is completed on the first three floors, with work on the fourth floor halfway finished. The next construction stage includes completing the remaining upper floors and penthouses. Installation of Reyners aluminium joinery in buildings B2 and B1 will begin in early November under a €2 million contract with Alusteel, a company based in Prahova County.

The group’s financial performance confirms the effectiveness of its regional strategy, which focuses on maintaining a solid capital base and investing in sustainable development. With operations expanding in both Germany and Romania, West Group aims to continue strengthening its role as a reliable construction and development partner while improving operational efficiency across all divisions.

Smart Zoning: How Modular HVAC Systems Are Transforming Industrial Energy Use

Industrial developers are rethinking how they manage energy in production halls. Rising electricity costs, tighter ESG standards, and increasingly flexible manufacturing processes are pushing the sector to replace traditional, centralised HVAC systems with modular designs that can adapt to real-time conditions.

In older production buildings, a single large ventilation unit often ran continuously, consuming energy even when only a fraction of the space was in use. The new approach divides halls into smaller, independently operated zones, each managed by its own air-handling module. This design allows airflow and temperature to be regulated according to need, reducing power waste and operating costs.

According to Marcin Kosieniak, co-owner of PM Projekt, the shift represents more than a technical upgrade—it is a strategic response to new industrial realities. Smaller modular systems can be activated individually and expanded more easily when production grows. They also offer redundancy, meaning that if one module fails, others continue to operate without disrupting the entire process.

The evolution of these systems goes hand in hand with advances in automation. In many modern facilities, HVAC operations are now linked to building management platforms capable of exchanging data with production planning systems. This enables the ventilation to react dynamically to production schedules, machine activity, or staff shifts. A well-integrated system can, for instance, pre-condition work zones before a shift begins, ensuring a stable indoor environment as operations start.

Kosieniak emphasises that such functionality must be planned from the beginning. Retroactively adapting buildings for smart integration is often costly and inefficient. “The traditional ‘build first, adapt later’ model is no longer sustainable. Flexibility must be built into the system from the concept stage,” he says.

Research from industrial sites in Germany supports this new direction. Facilities using predictive control methods—where algorithms analyse historical data, weather forecasts, and upcoming production plans—have reported energy savings of up to one-third compared to conventional HVAC systems. The technology anticipates changing conditions hours or even days in advance and adjusts system performance automatically.

Similar pilot projects in Central Europe, including Poland and the Czech Republic, are beginning to test these adaptive systems, combining production management data with energy optimisation tools. Although still at an early stage, the results show clear potential for long-term efficiency gains and improved sustainability metrics.

As industrial real estate becomes more competitive, the energy performance of buildings is emerging as a defining factor in attracting tenants. Properties equipped with modular HVAC systems not only offer lower running costs but also align with the growing demand for sustainable operations. “In today’s market, production flexibility must extend to the building itself,” Kosieniak concludes. “Smart zoning is not a luxury feature—it’s fast becoming an essential part of industrial design.”

Slovakia Revises GDP Growth Downward, Reflecting Slower Economic Momentum in 2024

The latest update from the Statistical Office of the Slovak Republic shows that the country’s economy expanded more modestly in 2024 than previously estimated. The revised figures, published as part of the regular autumn review of national accounts, indicate a slightly weaker growth pace across the past two years.

According to the updated data, Slovakia’s economy grew by 1.9% in 2024, down from the 2.1% estimated in the spring. In real terms, gross domestic product reached €104.3 billion, a revision of around €114 million compared with earlier figures. The adjustments are based on new annual survey data and refined statistical inputs gathered over recent months.

The revised data also made smaller changes to previous years. Growth in 2023 was adjusted from 2.2% to 2.1%, while 2022 saw a marginal upward revision from 0.4% to 0.5%. The figures for 2021 remain unchanged. Officials said these adjustments reflect the integration of new business data and other verified economic indicators, which help improve accuracy and comparability across years.

Quarterly results were also slightly modified. Three of the four quarters in 2024 were revised down by 0.2 percentage points, with the second quarter unchanged. For 2023, only the first quarter showed a marginal improvement, while two others were revised slightly lower. The most notable change came in late 2022, where a previously recorded decline of 0.1% was corrected to show a mild increase of 0.2%.

The revisions form part of Slovakia’s biannual data refinement process, conducted each spring and autumn in coordination with Eurostat and the European Central Bank. These reviews ensure that Slovakia’s economic statistics meet EU standards and reflect the most up-to-date information available.

In addition to the GDP update, the Statistical Office also introduced an updated classification for household spending, known as COICOP 2018, which expands the number of expenditure categories from 12 to 13 and refines their definitions. The update affects the entire historical data series dating back to 1995, providing a clearer picture of household consumption trends over time.

While the revisions show slightly slower economic growth, analysts say the overall picture remains stable. The Slovak economy continues to show resilience, supported by domestic demand and industrial output, even amid tightening financial conditions and slower growth in key trading partners.

Source: SOSR

Slovakia’s Economy Grew More Slowly Than First Estimated, New Data Shows

Slovakia’s economy expanded at a slightly slower pace in 2024 than previously estimated, according to the latest update from the national statistics office. The autumn review, part of the country’s regular twice-yearly assessment of economic data, found that overall growth was weaker than earlier projections suggested.

The revised figures show that economic output increased by 1.9% in 2024, down from the earlier estimate of 2.1%. In total, the Slovak economy generated around €104 billion in constant prices, a modest adjustment from previous calculations. Officials said the changes reflect more detailed data gathered from annual surveys and updated information from businesses and public institutions.

The review also made smaller adjustments to previous years. Growth for 2023 was trimmed slightly to 2.1%, while 2022 saw a marginal upward revision to 0.5%. The 2021 figure was unchanged. Analysts said the overall differences are minor but offer a more accurate picture of economic activity and household consumption.

Quarterly data showed a similar trend, with small downward adjustments to most 2024 results, except the second quarter, which remained stable. The last quarter of 2022, initially reported as a slight decline, has now been revised to show a small gain, suggesting a steadier performance than previously thought.

These updates form part of Slovakia’s ongoing effort to refine its national economic accounts in line with European standards. Revisions such as this, carried out each spring and autumn, incorporate new sources and statistical improvements to ensure consistency with other EU countries.

Alongside the GDP update, the statistics office also introduced a new system for classifying household spending, expanding the number of expenditure categories and updating their definitions. The change affects long-term data sets dating back to the mid-1990s, offering a more detailed view of how Slovak households allocate their budgets.

While the revisions indicate slightly weaker growth, economists say the broader trend remains stable. Slovakia’s economy continues to expand moderately, supported by manufacturing, services, and household demand, even as global headwinds and tighter financing conditions weigh on output.

Source: SOSR

Slovakia’s Budget Deficit Widens in 2024 as Public Debt Nears 60% of GDP

Slovakia’s public finances weakened last year, with the government’s deficit rising to 5.5% of GDP and total debt approaching 60% of national output, according to new data from the Statistical Office. The shortfall, amounting to around €7.2 billion, was higher than earlier estimates published in the spring and reflects slower tax collection and continued pressure from public spending.

The latest figures show that Slovakia’s deficit grew by roughly €600 million compared with 2023, when it stood at 5.3% of GDP. The central government accounted for most of the shortfall, recording a loss of €7.4 billion, while local administrations also ended the year in deficit. Social insurance funds, however, generated a small surplus, helping to offset part of the imbalance.

Officials said the deterioration was partly due to weaker revenue from corporate and personal income taxes, as well as a decline in the so-called solidarity levy, which was introduced to support budget stability. At the same time, higher social contributions and payments linked to energy-price compensation schemes added modestly to income.

Public debt rose by almost €9 billion to reach €77.7 billion, representing about 59.7% of GDP. That marks an increase from 55.8% in 2023 and puts Slovakia close to the European Union’s fiscal ceiling. The rise was attributed to additional borrowing and new liabilities connected to renewable-energy support measures.

Analysts say the results underline the need for tighter budget discipline as Slovakia continues to face pressure from slowing economic growth and high public-sector spending. The figures are part of the country’s regular update submitted to Eurostat, which will release comparable data for all EU members later this week.

While the government has pledged to gradually reduce the deficit in the coming years, the pace of consolidation remains uncertain amid political debates over taxation, social benefits, and energy subsidies. Economists warn that unless stronger reforms are introduced, Slovakia’s debt could surpass 60% of GDP in 2025, placing additional strain on public finances and testing investor confidence.

Source: SOSR

Brno’s Housing Market Hits Record Highs as Demand Outpaces Supply

Apartment prices in Brno have reached new highs this year, with the average price for new developments rising to around CZK 143,000 per square metre. Developers say demand continues to exceed supply, even as borrowing costs remain high and the pace of new construction remains slow.

According to market data compiled by local developer Trikaya, the price increase marks a roughly nine percent rise since January. Despite higher costs, sales of new apartments edged upward compared with last year, reflecting buyers’ determination to secure homes in a market still struggling with limited availability.

Smaller apartments continue to attract the most interest, particularly compact one-room and two-room layouts. These units offer greater affordability and are being bought quickly once released to the market. Trikaya’s managing director, Dalibor Lamka, noted that nearly every well-prepared project finds buyers within weeks, adding that the pace of approvals rather than demand remains the key barrier to stabilising prices.

Brno’s property market typically slows during the summer months, but around 300 new apartments were sold in the third quarter—well above the city’s long-term seasonal average. By the end of September, more than 40 residential projects were active, offering roughly 1,500 apartments. However, most of these are smaller units, leaving limited options for families seeking larger homes.

Developers and analysts agree that the market’s main obstacle lies in administrative delays. Recent attempts to centralise planning offices and digitise the permitting process have not yet produced the expected efficiencies. As a result, even projects with full financing and completed designs face months of waiting before approval.

Lamka cautioned that until these bottlenecks are resolved, the imbalance between supply and demand will persist—keeping Brno among the Czech Republic’s most expensive and competitive housing markets.

Independent data from property analysts confirms the broader trend. Average prices in Brno rose steadily throughout 2025, following a sharp recovery in demand and a shortage of new projects entering the pipeline. Analysts expect prices to continue rising into 2026, though at a slower pace if mortgage rates begin to ease and administrative reforms take effect.

Source: CTK

Czech Republic Narrows Budget Deficit in 2024, But Debt Edges Higher

The Czech Republic managed to reduce its budget shortfall in 2024, reflecting stronger economic activity and tighter spending control, according to the latest data confirmed by Eurostat. Government accounts showed an overall deficit equivalent to 2.2 percent of national output last year, an improvement from the 3.8 percent recorded in 2023.

Public debt, however, continued to rise, reaching roughly 43.6 percent of GDP — about one percentage point higher than a year earlier. The increase was attributed to higher borrowing costs and continued investment spending, although economic growth helped prevent a sharper rise in the debt ratio.

Officials from the Czech Statistical Office noted that government revenues grew faster than expenditures in 2024, supported by tax collection and corporate income growth, while spending increases were more modest. Analysts said this suggests a gradual return toward fiscal balance after the pandemic-related disruptions and the energy-price interventions of previous years.

Despite the modest uptick in debt, the Czech Republic remains comfortably within the European Union’s fiscal thresholds, which cap annual deficits at 3 percent of GDP and public debt at 60 percent. The figures mark one of the lowest debt levels among Central European economies, underscoring the country’s relatively cautious fiscal approach.

Economists say the improvement provides some breathing room for the incoming budget cycle, though risks remain. Rising public sector wage pressures, planned infrastructure spending, and uncertain global conditions could all test the government’s ability to maintain its current trajectory.

As the Czech economy adjusts to slower growth in key export markets and higher interest rates, fiscal prudence will likely remain a key theme heading into 2026. The government is expected to present its updated fiscal strategy later this year, outlining steps to sustain stability while supporting long-term investment priorities.

NEPI Rockcastle Launches Romania’s Largest Solar Power Plant for Commercial Use, Advancing CEE Retail Real Estate’s Green Transition

NEPI Rockcastle, Central and Eastern Europe’s leading retail real estate investor and operator, has inaugurated Romania’s largest photovoltaic power plant dedicated to commercial infrastructure. The new facility, located in Chișineu-Criș in western Romania, marks a major step in the company’s €100 million renewable energy programme across the region.

The solar plant, developed on a greenfield site, is designed to generate over 70,000 MWh of renewable electricity per year — enough to power roughly 29,000 homes and prevent around 21,000 tonnes of CO₂ emissions annually. The project brings NEPI Rockcastle’s renewable energy capacity to 159 MW and represents the most significant investment of its kind in Romania’s retail and logistics real estate sector.

With operations spanning eight countries and more than 60 properties valued at over €8 billion, NEPI Rockcastle expects its renewable power generation to meet about 45% of its total electricity needs once all planned installations are complete. This would make the company the largest producer of green electricity within the retail property industry in Central and Eastern Europe.

“We took the decision at the height of the energy crisis in 2022 to invest in our renewable energy programme, and it has proven both commercially sound and environmentally impactful,” said Marek Noetzel, Chief Operating Officer at NEPI Rockcastle. “We are helping our retail partners meet their sustainability targets while reinforcing our own commitment to decarbonisation and long-term energy efficiency.”

The company’s renewable rollout is progressing in three phases, combining rooftop and parking canopy solar systems with larger-scale photovoltaic projects. A second major solar development in Romania’s Prahova region is scheduled to begin construction in early 2026, which will expand total capacity to approximately 212 MW.

Romania, which represents around 35% of NEPI Rockcastle’s portfolio value, already sources nearly half of its electricity from renewables — primarily hydro power. However, solar energy still accounts for a relatively small share of the mix, though production has surged more than 60% in the first half of 2024, according to the Romanian Photovoltaic Industry Association. NEPI Rockcastle’s projects are expected to play a significant role in accelerating this growth over the next two years.

Poland, the company’s second-largest market, has also seen a turning point, with renewables surpassing coal in the national energy mix for the first time in 2025, according to the Financial Times. NEPI Rockcastle plans to extend its renewable energy investment strategy there, targeting a long-term goal of fully covering its power demand from in-house sources.

“Investing in renewable infrastructure enhances both sustainability and operational resilience,” Noetzel added. “Our developments in Romania demonstrate how disciplined financial management and responsible growth can go hand in hand, creating value for tenants, investors, and the communities where we operate.”

NEPI Rockcastle’s strategy aligns with the broader energy transition across Central and Eastern Europe, positioning the retail property sector as a key participant in achieving regional climate and energy efficiency goals.

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