The European Commission presented on Thursday a set of recommendations aimed at protecting vulnerable households from the impact of high energy prices, in a context marked by market volatility and…
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.
US naval blockade is choking Iran’s exports: storage is full, oil is piling up at sea
Iran’s oil exports have sharply declined in recent weeks due to the naval blockade imposed by the US, forcing Tehran to store its oil at sea on tankers as onshore…
The cost of political instability: higher interest rates, risks to PNRR funds and pressure on the exchange rate, Concordia analysis
The political instability in Romania is beginning to translate into concrete costs for the economy, companies, and the population. Higher interest rates on loans, pressure on the exchange rate, and…
ANAF to close offices without layoffs; Nazare: “We’re shutting counters, not services”
The Minister of Finance, Alexandru Nazare, announces a major reorganization of the territorial tax administrations, which will involve the closure of a significant number of physical offices and the relocation…
Germany hits the brakes: Iran war halves economic growth
The German government has halved its economic growth forecast for 2026, amid the impact of the Iran war on energy prices and global trade tensions. The Ministry of Economy in…
Siemens is building a green factory based on AI in Sibiu
A new Siemens factory, digitalized, based on artificial intelligence, and carbon-neutral, will be built in Sibiu by 2028. The factory will mainly produce various types of switches and electronic circuit…
Citigroup warns Romania: Political uncertainty increases the risk of fiscal slippage
Political uncertainties increase the likelihood of fiscal slippages, with a budget deficit exceeding the announced target, and put pressure on Romania’s local currency bonds, warn Citigroup analysts. The domestic government…
Tim Cook steps down after 15 years at Apple: who will be the next CEO?
Tim Cook will step down as Apple’s CEO at the beginning of September, after over a decade and a half at the helm of the American giant. The change marks…
Dăianu warns after PSD exits government: We’re not Greece, but the crisis must be resolved quickly
The exit of the PSD from the government risks seriously complicating Romania’s economic and political situation, but it is not a total surprise, says the President of the Fiscal Council,…
Iran war adds $100 to long-haul flight costs from Europe
The war in Iran and tensions in the global oil market are starting to be felt directly in passengers’ pockets. The cost of long-distance flights from Europe is increasing by…
IEA chief warns of “biggest crisis in history,” says recovery could take two years
The USA-Israel war against Iran is generating the most severe energy crisis in world history, stated the head of the International Energy Agency, an institution that advises 32 countries on…
Isărescu: Financial stability is like health - you only realize its value when you lose it. Criticism of bankers’ “jargon”
BNR Governor, Mugur Isărescu, warns that financial stability is essential, even if the public seems to have „grown tired” of this repeated message. Isărescu emphasized, at the opening of the…
Bloomberg: Political tensions threaten Romania’s financing and credit rating
Romania faces a negative reaction from investors and rating agencies due to the new political tensions in Bucharest. An analysis by Bloomberg shows that political instability comes at a critical…
Romania secures €2 billion in US funding for energy and infrastructure. Nazare’s message to investors
Minister of Finance, Alexandru Nazare, announces that the official visit to the United States, which lasted nearly a week, concludes with „concrete results,” including financing of approximately 2 billion euros…
Petrotrans SA: A “ghost” company draining state funds despite being inactive since 2005
Vice Prime Minister Oana Gheorghiu argues that the Romanian state continues to pay for a destroyed infrastructure and a company that, in reality, has not existed for almost 20 years.…
IMF warns EU not to offset the energy price spike too much
European governments should not overly protect companies and consumers from higher energy prices, as this distorts the price signal that should lead to reduced consumption and could become very costly…
European Commission launches state aid investigation into Cernavodă Unit 1 modernization project
The European Commission has opened an in-depth investigation to analyze whether the financial support that Romania is preparing for the refurbishment and extension of the lifespan of reactor 1 at…
Why Romania can’t adopt the euro yet: BNR explains the gap with Bulgaria
Romania cannot adopt the euro without budget discipline and low inflation, and the current issues are more related to internal economic policy errors rather than the fact that we are…
The new carbon tax caps Kiev's steel exports. Ukrainians have a proposal
Steel represents one of Ukraine’s main sources of export revenue, but it is affected by the carbon tariffs imposed by Europe. Ukrainian steel producers say that the new carbon tax…
War in Iran pushes the world toward recession: IMF and major funds issue stark warnings
The escalation of the war in Iran risks plunging the global economy into a recession, warns the International Monetary Fund. Moreover, major players in financial markets say that a critical…