Romanians could pay electricity bills about 20-22% higher this winter and next spring, even if they maintain the same consumption. The estimation was presented Wednesday evening by Cristian Bușoi, a…
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.
Taxes send orders for cheap parcels from China plunging. Deliveries and state revenues fall 72%
The number of small parcels coming from outside the European Union and delivered in Romania has plummeted in recent months, with the decline accelerating significantly after the entry into force,…
Global oil reserves are nearly depleted. The industry warns of the risk of further price hikes
The actual available reserves of oil on the global market have reached a worryingly low level, making the market more vulnerable to new supply shocks and putting pressure on prices,…
The new high-voltage power line between Romania and Moldova will bear the name of Trump. The USA is granting 130 million dollars
The United States is funding a new high-voltage power line between Romania and Moldova with $130 million. The „Trump Liberty Line” will span nearly 200 kilometers and strengthen the energy…
Moody's, warning for Romania ahead of S&P verdict: "Significant" likelihood of snap elections, decreasing chances of budget adoption
Despite a new round of negotiations for the formation of the government, set to begin on October 5, and Mayor Nicușor Dan’s desire to avoid snap elections, there is a…
US report on Romania’s business environment: High taxes, frequently changing laws and bureaucracy create hurdles for investors
Romania continues to be attractive to foreign investors due to its geographical position, membership in the EU and NATO, well-prepared workforce, and competitive salaries. However, the business environment is affected…
ATM rules are changing: Customers will be able to withdraw custom amounts regardless of which bank issued their card
We will be able to withdraw the exact amount we want from any ATM, regardless of the card issuer bank. The Senate has adopted a project that obliges ATM operators…
TollRo goes live with system riddled with errors: 80% of tests by hauliers found problems
The new TollRo taxation system for trucks comes into effect on Thursday, October 1, after a testing period during which carriers reported numerous issues and errors. The platform was operational…
Romania, among the most expensive energy markets in the European Union
Romania ranks 4th in the list of the most expensive electricity markets in the European Union, both in terms of prices in September and in the ranking calculated from the…
Heat pumps are gaining ground in Europe, but Romania has a major disadvantage
Sales of residential heat pumps in Europe increased by 11% in the first six months of the year, as the conflict in Iran led to a strong rise in oil…
Citi and Erste See Romania Keeping S&P Rating, but 2027 Risks Loom
Romania is expected to avoid sovereign rating downgrade in S&P’s evaluation on Friday, according to Citigroup and Erste Bank analyses, but both banks warn that the risk increases if the…
US investors more concerned about Romania’s political crisis than its finances
American investors are more concerned about the political crisis in Bucharest than about Romania’s financial situation, says President Nicușor Dan. Representatives of major financial institutions even asked when the country…
Saudi Arabia halts oil deliveries to Europe. Refineries scramble for alternative supplies
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…
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…