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…
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.
Natural gas prices in Romania hit record high. Increase could push up household bills
The price of natural gas traded in Romania exceeded the threshold of 360 lei/MWh at the beginning of September, a level unprecedented for this time of the year, except for…
Romania imports nearly 13 times more from China than it exports. What does it buy and what does it sell?
Romania imported goods from China worth 9.1 billion euros in 2025, an increase of +16.2% compared to 2024 when imports from this country amounted to 7.84 billion euros, according to…
Canada hits US with tariffs of up to 50%. Trump retaliates with bans and new threats
The trade war between the United States and Canada escalated overnight. Just a few hours after Canadian customs duties on American goods worth approximately $20 billion came into effect, the…
Oil stays below $100, but diesel prices aren’t falling. Why they could remain high until winter
Brent crude oil has not exceeded the $100 per barrel threshold, despite the new disruptions caused by the war between the United States and Iran. However, this does not mean…
Three ways the Iran war changed the global economy
The effects of the war with Iran are evident to most Americans: gasoline prices have remained above $4 for several weeks, mortgage rates are rising towards 7%, and companies are…
Why are European countries moving their gold out of North America?
The Netherlands moved tens of tons of gold from the United States and Canada. France repatriated reserves from the USA. Germany had already done the same in past years. The…
Diesel gets cheaper from today as excise duty is cut by 25%. How much a litre now costs at the pump
Drivers are benefiting from a new diesel price decrease starting September 1st. The temporary reduction of the excise duty has been increased from 20% to 25%, and the effect is…
Romania's Budget Deficit Falls Sharply After First Seven Months as VAT Revenues Rise and Wage Spending Drops
Romania ended the first seven months of 2026 with a budget deficit of 48.08 billion lei, 28.36 billion lei less than in the same period in 2025. At the same…
Moody’s warns Romania over stalled Salary Law: Recovery funds at risk as fiscal pressures grow. Nazare: “It’s a credibility issue”
The failure of the coalition to timely adopt the new salary law not only means the loss of European funds. Moody’s warns that the deadlock raises questions about Romania’s ability…
How much can bad tax advice from ChatGPT cost you?
More and more Romanians are turning to artificial intelligence to find answers to the problems they face, including how to declare their income or what taxes they have to pay.…
Romania's recovery plan funding is running out, with 86 km of motorway still unfinished. Who will pay to complete the work?
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.…
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…