Bulgaria has increased its energy storage capacity in batteries by 1,000 MW in just one month. This is more than the entire installed capacity currently in Romania. ENTSO-E data as…
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.
Inflation dropped sharply in July. Rents, diesel, and coffee recorded the highest price increases
The annual inflation rate decreased to 8.16% in July, from 10.42% in June, according to data published on Wednesday by the National Institute of Statistics (INS). Thus, the annual inflation…
12 km of Transylvania Motorway open after years of delays. Pro Infrastructura blames UMB and CNAIR
Romania marks the first highway inauguration of the year on Tuesday. Traffic opens on the 12.24 kilometers of the Transylvania Highway (A3) between Zimbor and Poarta Sălajului starting at 4:00…
Energy storage can save us. But batteries also have a risk
Batteries have been presented as a „crucial technology” in the EU’s transition to clean energy, but recently concerns have arisen about the risk of potential power outages they could cause.…
European Commission clears Naspers’ full takeover of Romanian eMAG
The European Commission has approved, on Friday, the acquisition of sole control over Dante International S.A., the operator of eMAG, by the South African group Naspers Limited. The transaction was…
The international price of oil has dropped to the lowest level in the last three weeks
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.…
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…