Romania still has 132.4 kilometers of highway to build financed through the NRRP, but only 45.9 kilometers are expected to be completed by August 31, when the European program ends.…
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.
Consumers threaten to sue ANRE, accusing new rules of weakening their rights and favoring suppliers
The Association of Prosumers and Energy Communities in Romania (APCE) threatens to seek the suspension of the regulations developed by ANRE for the implementation of the new Prosumer Law in…
The largest solar park in Europe is being built in Romania: It will provide energy for nearly one million people
The project of the largest photovoltaic park in the EU has taken a significant step towards realization and could soon provide enough energy for nearly one million people. The National…
The United States imposes 50% tariffs on some Canadian products. Ottawa will respond "dollar for dollar"
The United States imposed 50% tariffs on a range of products imported from Canada on Saturday after trade negotiations between the two countries failed at the last minute. Canadian Prime…
Wheat prices climb towards three-year high as Russia and Ukraine disrupt exports. World seeks alternative routes, putting Constanța back in focus
The price of wheat has risen to nearly the highest level in the past three years, following the increasingly intense attacks by Russia and Ukraine on ports and commercial ships…
Russians pull money out of banks and keep it "under the mattress," fearing Putin could seize their savings
Russians are withdrawing more and more money from banks amid fears that the state could end up seizing the population’s savings and companies’ assets to finance the war in Ukraine.…
Europe can no longer rely on its old economic model. Lagarde warns EU risks losing AI race
Europe can no longer rely on the economic model that has brought it prosperity in recent decades, and if it does not address its internal problems, it risks falling behind…
Bulgaria installed more battery storage in one month than Romania has in total. What Bucharest plans to do
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…
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…