Saudi Arabia will suspend oil deliveries to European refineries in October after a drone attack damaged the East-West pipeline, the main route through which Saudi oil reaches the Red Sea…
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 warns: Romania faces race against time to avoid downgrade to “junk”
Romania risks losing its recommended investment rating if the current political crisis persists and the new government fails to quickly provide guarantees regarding the reduction of the budget deficit. The…
Trump doesn't scare Carney: Greeted with ovations in the European Parliament, the Prime Minister of Canada can't wait for his country to become the first associate member of the EU
Canadian Prime Minister Mark Carney was greeted with applause in the European Parliament as he outlined the prospect of his country becoming the first associated member of the European Union.…
Bloomberg: Investors treat Romania’s bonds as the EU’s only “junk” debt. 2027 budget will be the decisive test
International investors treat Romania’s bonds as if they were the only sovereign titles in the European Union with a „junk” rating, but the high interest rates offered by the Ministry…
Another price hike at the pump: Diesel approaches 11 lei per litre. How much would it cost without the excise duty cut?
The price of diesel continues to rise and has exceeded 10.75 lei per liter at some gas stations. Rompetrol and Lukoil implemented new increases on Thursday morning, after OMV Petrom…
The Federal Reserve of the United States raises the key interest rate for the first time since 2023
The US Federal Reserve (Fed) raised its benchmark interest rate by 0.25 percentage points on Wednesday to the range of 3.75%-4%, the first increase in over three years, and signaled…
Mercedes shows employees how much cheaper production is in Romania. An hour of labour in Cugir costs 82% less than in Germany
Mercedes-Benz presented to its employees in Germany a cost comparison of the group’s European factories to demonstrate how significant the difference is between the German plants and those in Eastern…
Volkswagen will spend 16 billion euros to cut jobs and close plants
The German automotive group Volkswagen estimates the total cost of job cuts and potential factory closures – part of a major restructuring agreement concluded last week – at approximately 16…
Natural gas prices in Romania hit record high. Increase could push up household bills
The price of natural gas traded in Romania exceeded the threshold of 360 lei/MWh at the beginning of September, a level unprecedented for this time of the year, except for…
Romania imports nearly 13 times more from China than it exports. What does it buy and what does it sell?
Romania imported goods from China worth 9.1 billion euros in 2025, an increase of +16.2% compared to 2024 when imports from this country amounted to 7.84 billion euros, according to…
Canada hits US with tariffs of up to 50%. Trump retaliates with bans and new threats
The trade war between the United States and Canada escalated overnight. Just a few hours after Canadian customs duties on American goods worth approximately $20 billion came into effect, the…
Oil stays below $100, but diesel prices aren’t falling. Why they could remain high until winter
Brent crude oil has not exceeded the $100 per barrel threshold, despite the new disruptions caused by the war between the United States and Iran. However, this does not mean…
Three ways the Iran war changed the global economy
The effects of the war with Iran are evident to most Americans: gasoline prices have remained above $4 for several weeks, mortgage rates are rising towards 7%, and companies are…
Why are European countries moving their gold out of North America?
The Netherlands moved tens of tons of gold from the United States and Canada. France repatriated reserves from the USA. Germany had already done the same in past years. The…
Diesel gets cheaper from today as excise duty is cut by 25%. How much a litre now costs at the pump
Drivers are benefiting from a new diesel price decrease starting September 1st. The temporary reduction of the excise duty has been increased from 20% to 25%, and the effect is…
Romania's Budget Deficit Falls Sharply After First Seven Months as VAT Revenues Rise and Wage Spending Drops
Romania ended the first seven months of 2026 with a budget deficit of 48.08 billion lei, 28.36 billion lei less than in the same period in 2025. At the same…
Moody’s warns Romania over stalled Salary Law: Recovery funds at risk as fiscal pressures grow. Nazare: “It’s a credibility issue”
The failure of the coalition to timely adopt the new salary law not only means the loss of European funds. Moody’s warns that the deadlock raises questions about Romania’s ability…
How much can bad tax advice from ChatGPT cost you?
More and more Romanians are turning to artificial intelligence to find answers to the problems they face, including how to declare their income or what taxes they have to pay.…
Romania's recovery plan funding is running out, with 86 km of motorway still unfinished. Who will pay to complete the work?
Romania still has 132.4 kilometers of highway to build financed through the NRRP, but only 45.9 kilometers are expected to be completed by August 31, when the European program ends.…
Consumers threaten to sue ANRE, accusing new rules of weakening their rights and favoring suppliers
The Association of Prosumers and Energy Communities in Romania (APCE) threatens to seek the suspension of the regulations developed by ANRE for the implementation of the new Prosumer Law in…