The new power plant in Mintia, Hunedoara, has received environmental approval. Due to its production capacity of 1,700 MW, this project is classified as the largest industrial objective in Romania…
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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.
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Factories in Romania have lost nearly half a million employees in the last 25 years
Currently, 1.09 million Romanians work in the manufacturing industry, whereas in the year 2000 their number was 1.56 million. Romanian factories have lost nearly 500,000 employees in the last 25…
The Romanian Government postpones the luxury tax on very expensive houses and cars
The government offers a deferral to Romanians with very expensive houses and/or cars, who should pay the luxury tax starting this year. Why? Because the state has not yet finalized…
Romanian Post has launched a real estate portal - 500 properties available for rent on the platform
Romanian Post has launched, on Wednesday, a real estate portal through which 500 properties will be put up for rent.„The Post has around 2,000 properties. Out of the 2,000, 1,000…
2023, the best year for banks in Romania's history
Profits for most banks in Romania have increased by individual percentages ranging from 14 to 50%. The entire banking system ended 2023 with a record profit of nearly 14 billion…
Romanians registered on cryptocurrency platforms are 2-3 times more numerous than stock market investors
Romanians registered on cryptocurrency platforms are two to three times more numerous than the 178,000 investors recorded on the Bucharest Stock Exchange, says the President of the Financial Supervisory Authority…
Romania wants to borrow money from citizens abroad
Romanian Ministry of Finance is preparing an online app for citizens abroad, who thus will be able to invest in government bonds. Economists believe that the initiative has emerged as…
The Parliament has adopted the law on offshore wind energy. When will we have the first megawatt produced in the Black Sea
The Chamber of Deputies adopted on Tuesday the government’s initiative establishing the legal framework for the development of investments in offshore wind energy in the Black Sea. There were 229…
Burduja says that for many romanians, there will be price drops in energy starting next month
Many romanians will see price decreases starting next month, especially for gas, but also for electricity, particularly for those with a higher cap, of 1.3 lei per KWh, stated the…
Romanian government bond issuance. Blood donors have the best interest rate
A new issuance of FIDELIS government securities will be launched on Monday, and blood donors will continue to receive the best interest rate. The government securities issuance will be available…
Romania Seizes Gabriel Resources' Shares in Roșia Montană
Romania, through the Fiscal Authority (ANAF), has placed a lien on over 80% of the shareholding held by Gabriel Resources in Roșia Montană Gold Corporation (RMGC) to recover its $10…
Grants up to 100,000 euros for young Romanian graduates of foreign universities, who open a company in their home country
Romanian young graduates from foreign universities will be able to benefit from grants of up to 100,000 euros if they open a company in their home country. The proposal is…
Romanian Government borrowed nearly 2 billion lei in one day
The Ministry of Public Finance borrowed 1.93 billion lei from banks on the first day of April. In the first auction, the Finance Ministry reopened a benchmark bond issue maturing…
Bucharest has spent only 20% of money received from Romania's recovery and resilience plan
Bucharest has so far received 33% of all funds allocated for Romania’s recovery and resilience plan (PNRR), and of these, it has spent only 20%, said the Minister of Investments…
The government has removed the sun tax
The government adopted, on Thursday, an ordinance that eliminates the possibility of imposing a tax on solar energy for prosumers. „I have kept my promise to eliminate the possibility of…
Online Safety: How to Protect Your Money in the Digital Era
Digitalization has come with a plethora of benefits, such as quick payments and managing money directly from your phone, but also with corresponding risks. Most often, you risk losing control…
Ciolacu promises the highest economic growth in Europe in 2024: It is not a catastrophe the deficit
Romania will have the „largest” economic growth in Europe this year, based on investments and not on consumption, promises Prime Minister Marcel Ciolacu. He was asked, at the Government, about…
Ciolacu wants to extend the capping of basic food prices for the entire year
Prime Minister Marcel Ciolacu announced that he supports the PSD amendment from Monday, which extends the capping of markups on basic food prices until December 31, 2024. “I support the…
Romania has by far had the biggest price increases in the EU, for the second consecutive month
The annual inflation rate in the European Union decreased in February to 2.8%, from a level of 3.1% in January, but Romania is, for the second consecutive month, by far…
Bucharest has among the lowest housing prices in Europe
It takes 96 average net salaries to buy a 70 sqm apartment in the capital city. Housing in Bucharest is more affordable than in other large cities in the country,…