Oil prices drop after U.S. Treasury Secretary Scott Bessent indicated that Washington and Tehran could reach an agreement on reopening the Strait of Hormuz as early as Tuesday or Wednesday.…
Business
News and economic analysis on the economic crisis, unemployment, inflation, investments, profits, businesses. You also read about highways, roads, prices, increases, pensions, and budget deficits.
Fitch Maintains Romania’s Investment Grade Rating, Warns Over Political Instability and Budget Deficit
Fitch Ratings agency confirmed Romania’s sovereign rating at BBB- on Friday evening, the last step in the recommended investment category, but maintained a negative outlook, citing risks stemming from high…
Romania passes law allowing temporary diesel excise tax cut. Bogdan Ivan: Fuel prices should fall
The Chamber of Deputies adopted on Wednesday, as the decision-making body, the law to reinstate the state of emergency in the oil and petroleum products market, which introduces a package…
Fitch to announce Romania's rating on Friday. Erste: Mid-year deficit of 2% of GDP lowers downgrade risk
The international rating agency Fitch will not downgrade Romania’s sovereign rating to the „junk” area on Friday, according to Erste Bank analysts. On Friday, after the closing of the financial…
France and Germany negotiate major auto industry deal, push "Made in Europe" rules
Following joint ministerial meetings held in Germany last week, the leaders of the two largest economies in the European Union, German Chancellor Friedrich Merz and French President Emmanuel Macron, have…
Kazakhstan Resumes Black Sea Oil Exports, Easing Pressure on Romania's Fuel Supply
Romania receives good news as fuel prices have started to rise again due to the halt in oil deliveries from Kazakhstan. The Ministry of Energy in Astana announced that loading…
Parcel taxes hit Shein: The company is incurring losses and warns that the EU measure could worsen the situation
Shein reported a loss of 99 million dollars in the first quarter of the year. The result comes after a slowdown in sales in the United States, caused by the…
ANAF begins issuing tax assessments for undeclared 2021-2024 income. Romanians abroad also targeted
The National Agency for Fiscal Administration (ANAF) is starting a comprehensive campaign on Monday to issue tax assessment notices for individuals who have not declared income obtained between 2021-2024. The…
Land Registry outage changes rules for EU-funded solar projects
The information system blockage of the National Agency for Cadastre and Land Registration (ANCPI) is causing a temporary change in the procedures for submitting funding requests for photovoltaic panel installation…
Oil tops $100 a barrel again as Middle East tensions escalate
The price of oil has once again exceeded the $100 per barrel threshold, for the first time in almost two months, amid escalating conflict in the Middle East and fears…
EU agrees to watered-down Russia sanctions amid Greek resistance
The EU capitals have reached an agreement on a significantly weakened package of sanctions against Russia, ending lengthy negotiations in which several countries sought exceptions to protect their national interests.…
The Iran war’s big oil mystery: No one seems to want it
Two dominant forces balance the global oil market: supply and demand. The war with Iran has disrupted both of them – and one of them could be irreversibly affected. Supply…
Fuel prices rise again after Black Sea attacks and Kazakh oil supply concerns
Fuel prices have started to rise again in Romania. The wave of price increases has spread to almost all major gas station networks. After the increases made on Tuesday by…
Trump hits Canada with new 50% tariffs, cites "discrimination" against US products
The United States will impose, starting from August 19, a 50% customs duty on a wide range of Canadian products, in a new escalation of the trade conflict between Washington…
The rekindled war between the US and Iran sparks the price of oil
Oil prices rose on Monday morning as tensions between the US and Iran escalated, fueling fears of disruptions in energy deliveries through the Strait of Hormuz. Oil prices surged in…
Romania still has the EU's highest inflation: Prices are rising more than three times faster than the bloc's average
Romania continues to have the highest annual inflation rate in the European Union, even though the pace of price growth slowed slightly in June. According to data published by Eurostat…
Political crisis has an upside as risk of new taxes recedes
The political crisis and the extension of the government’s interim could have an unexpected effect on taxpayers: this summer could be the first in the last six years without significant…
Romania's central bank keeps key interest rate at 6.5%, sees inflation falling sharply in the third quarter
The National Bank of Romania estimates that the annual inflation rate started to decrease slightly in June and will record a significant reduction in the third quarter of this year.…
Oil prices rise and stock markets fall after Trump announced that the ceasefire with Iran has ended
Oil prices rose on Wednesday after US President Donald Trump announced at the NATO summit in Ankara that he was ending the ceasefire with Iran following the resumption of hostilities…
Europe's surprise performers: The small economies set to grow twice as fast as the euro area
Europe is preparing for another decade of modest economic growth. According to the latest forecasts from the International Monetary Fund (IMF), the euro area’s economy will advance by an average…