More and more central banks choose to bring their gold back to their country and reduce their dependency on major international financial centers, against the backdrop of deteriorating geopolitical climate…
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.
After the shock of the Iran war, the world could face an oil glut by 2027
The global oil market could undergo a radical change in the next two years. After the shock caused by the war between Iran and the USA-Israel alliance, which significantly reduced…
ANRE announces new gas distribution tariffs: some Romanians will pay less, others more
The National Energy Regulatory Authority (ANRE) has approved the new tariffs for natural gas distribution, which will come into effect on July 1. For the majority of consumers, this measure…
Mintia, the EU’s largest gas-fired power plant, passes first grid interconnection test
The Mintia thermal power plant, the future largest gas-fired power plant in the European Union built on a single site, has successfully passed the initial tests for connection to the…
The annual inflation rate rose to 10.9% in May
The annual inflation rate rose to 10.9% in May, according to data from the National Institute of Statistics. In April 2026, the annual inflation rate reached 10.7%. The highest price…
Trump: "I like inflation" as US inflation hits a three-year high; Democrats accuse him of mocking Americans' problems
Inflation in the United States accelerated in May to 4.2% on an annual basis, the highest level in the past three years, driven by the rising cost of energy and…
Historic shift in the US: solar power overtakes coal in electricity generation
Solar energy surpassed coal in electricity production in the United States in May. It is the first time that, over the course of a month, solar energy has exceeded one…
"Banks knew since Friday": Chirițoiu explains why the ROBOR decision was made public only on Sunday
Banks sanctioned in the ROBOR case found out about the Competition Council’s decision as early as Friday, two days before it was publicly announced. The President of the institution, Bogdan…
The ROBOR scandal: 10 banks fined nearly €710 million as banks challenge Competition Council decision
The Competition Council has fined 10 banks a total of 3.73 billion lei, equivalent to approximately 710 million euros, for breaching competition rules in the process of setting the ROBOR.…
First fuel price cut after a week-long pause. Here's how much gasoline and diesel cost now
After nearly a week during which fuel prices remained unchanged, drivers receive good news: gasoline and diesel are getting cheaper in the Rompetrol network. The reduction comes after a period…
Revolut plans Bucharest headquarters and 130 new hires as its Romanian customer base reaches 4.8 million
Revolut is preparing for a significant expansion in Romania and is looking for a central headquarters in Bucharest. The company is analyzing several office buildings in the Capital for renting…
The Rich Get Richer: Millionaire Numbers and Fortunes Jump in 2025
The number of millionaires worldwide and their wealth continued to grow in 2025, reaching new records, driven by the strong performance of the stock market and a decrease in inflation.…
The Trump administration is proposing a 25% tariff on imports from Brazil
The administration of President Donald Trump has proposed the introduction of a 25% tariff on products imported from Brazil, after the United States Trade Representative (USTR) concluded that this country…
Rheinmetall Secures €5.7 Billion Romanian Army Contract, One of Its Largest International Deals
The German arms manufacturer Rheinmetall announced on Tuesday that it has signed contracts worth 5.7 billion euros with the Romanian Army, describing them as „the largest package of international contracts…
Dacia Offers Up to €40,000 in New Voluntary Exit Program for Employees
Approximately 200 engineers and specialists from the Titu Technical Center and Automobile Dacia will be able to benefit from amounts of up to 210,000 lei within a new voluntary departure…
Poverty has reached a record level in Germany
The poverty rate in Germany rose in 2025 to a record level of 16.1%, which means approximately 13.3 million people classified as poor, according to a report published on Tuesday…
Contract signed for a new section of the Union Highway, a nearly 4 billion lei project financed through SAFE
A significant step forward in the construction of the Union Highway (A8) was taken on Friday, as the National Company for Road Infrastructure Investments (CNIR) signed the contract for the…
IEA Chief Warns EU Against Easing Russia Sanctions as US and UK Loosen Restrictions
The European Union would make „a major mistake” if it were to relax sanctions on Russian energy, warns the director of the International Energy Agency (IEA), Fatih Birol. The US…
Romanians living abroad can receive up to €200,000 to start businesses in the country
Romanians living abroad who want to start businesses in Romania will be able to receive grants of up to 200,000 euros through a new program launched by the Ministry of…
ECB warns of the risk of a global financial crisis as the Iran war and trade tensions threaten to destabilize the economy
The European Central Bank warns that the global economy is entering a period of high risk, in which the conflict between the US and Iran, global trade tensions, and the…