Romarm, the state company in the defense industry, is set to be reorganized into an integrated industrial holding, bringing together its 15 subsidiaries. The interim Minister of Economy, Irineu Darău,…
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.
Bank of America hit with record fine for failing to report over $5 billion in suspicious transactions
Bank of America, the second largest bank in the United States, has been fined over $1.21 billion for violating anti-money laundering laws and disregarding international economic sanctions. According to the…
Insurance costs for oil tankers in the Black Sea soar more than twelvefold. How much more could Romanian drivers pay at the pump?
The insurance costs for oil tankers crossing the Black Sea have increased by over 12 times in recent months, amid attacks on commercial vessels and port infrastructure. An insurance policy…
IMF sharply downgrades outlook for Romania: Recession in 2026, high inflation and rising unemployment
The International Monetary Fund (IMF) estimates that Romania’s economy will contract by 0.5% in 2026, after previously anticipating a growth of 0.7% in the spring. The institution has also worsened…
The 2026 Nobel Prize in Economics goes to two Americans who have changed the way governments tackle crises
American economists Robert E. Hall and Michael Woodford have been awarded the Nobel Prize in Economic Sciences 2026 for their research that has changed the way economic stabilization policies are…
Trump allows Russia to deliver millions of tons of diesel to the US and the global market. Zelenski's reaction
Russia has committed to immediately supply over 300,000 tons of diesel to the US and global markets for several months, announced American President Donald Trump on Friday. „I have just…
China Agrees to Drastically Cut Hybrid Car Exports to the EU
China and the European Union have reached an agreement that would allow for a reduction in exports of hybrid and plug-in hybrid vehicles from China to the EU by several…
Electricity bills could rise by 20-22% this winter. What’s happening with gas and fuel prices?
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…
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…