British banks have opposed the use of some of the blocked Russian assets in the country, as the London government has not offered them guarantees in case of a reaction…
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.
A Romanian company will produce interceptor drones and is testing AI-powered kamikaze systems
The Romanian company BlueSpace Technology will produce interceptor drones under a Ukrainian license and is already testing its own autonomous kamikaze models, announced CEO Constantin Pintilie at an event held…
Romania Secures 40% Royalty Increase in Revised OMV Petrom Agreement
Royalties for the oil and gas extracted by OMV Petrom from the areas taken over during privatization will increase by 40%, according to a preliminary agreement announced by Prime Minister…
Unexpected shift in the property market: The city that topped Cluj and the Capital in price hikes
Apartment prices for sale have increased by an average of 14% in Romania over the past year. The biggest surprise comes from Craiova, a city that has recorded the fastest…
Minister Pîslaru explains why the electric minibus scandal is only now reaching the European Prosecutor’s Office
It took four months for the Ministry of Investments to notify the European Public Prosecutor’s Office about the robbery involving school minibuses purchased at inflated prices with funds from the…
How the government could rapidly bring 20 billion euros into the budget
Financial expert Adrian Codirlașu has a quick solution for increasing budgetary resources – selling minority stakes in profitable state-owned companies. “This means that the state retains control, the state decides…
€1 Million Per Unit: Romania Enters Elite Market of High-Power Laser Mirrors
The construction of a special mirror factory for high-power lasers has begun in Măgurele, an investment of 193 million euros funded by the Romanian Government. The facility will operate within…
Germany “in the deepest post-war crisis.” The industry is losing tens of thousands of jobs
The German economy is going through „the deepest crisis” since the war, warns the Federation of German Industries (BDI), accusing the government led by Friedrich Merz of not reacting to…
Bolojan highlights a drop in the deficit and a surge in VAT revenues. October was the best month of 2025
Prime Minister Ilie Bolojan stated in a post published on Facebook on Thursday that the budget execution for the first ten months of the year shows „a decrease in the…
Romania Escapes EU Sanctions as Excessive Deficit Procedure Paused
The European Commission adopted, on Tuesday, the autumn package of the European Semester and announced that the excessive deficit procedure is suspended for nine member states: Romania, Austria, Belgium, France,…
Tanczos Barna: VAT hikes reduce consumption, but the effect fades within 2-3 months
Deputy Prime Minister Tanczos Barna stated on Monday evening that any increase in VAT primarily leads to a decrease in consumption, but this market reaction is temporary. „Every time, any…
Romania set to send NRRP payment request 4 in December. Pîslaru anticipates €2.62 billion arriving in February
The Minister of Investments and European Projects, Dragoș Pîslaru, announced that Romania will submit around December 15th the payment request number 4 from the NRRP. He states that this is…
Washington counts on lower taxes and rates to avoid recession. Shutdown losses seen as manageable, officials insist
The United States economy is not at risk of entering a recession, despite the $11 billion losses caused by the longest government shutdown in history, according to Trump administration officials.…
EU introduces new investment rules for China: How chinese entities are profiting from EU subsidies via Hungary and Spain
The EU plans to tighten its rules on foreign investments in an attempt to counter Chinese firms benefiting from the bloc’s open, common market. The new rules on foreign investments,…
The Brussels plan to stop Russian gas sparks outrage: Slovakia could sue the EU
Slovakia considers suing the European Union over Brussels’ plan to stop importing Russian gas starting in 2028 due to the war in Ukraine. Prime Minister Robert Fico announced that he…
Dependent on China: rare earths, the weapon with which Beijing keeps Europe under control
Europe, like the United States, is trying to maintain stable relations with China to ensure access to rare earth minerals, essential elements for the strategic industries of the region (automotive,…
Christmas Miracle: from Bucharest to Bacău, only on the highway
The construction of section 1 of the Focșani – Bacău highway (A7) is nearing completion, announced the general director of CNAIR, Cristian Pistol. On the 35.6 kilometers between Focșani and…
The European Union is asking the United Kingdom for money for extended access to the single market
The EU has confirmed that the United Kingdom will need to contribute to the community budget if it desires closer integration into the single market, particularly in the electricity sector.…
The European Commission is considering a tax on unhealthy foods
The European Commission is considering the proposal of a tax on ultra-processed foods with high fat, sugar, or salt contents. According to a draft document consulted on Sunday by dpa,…
The Romanian economy decreased in the third quarter
Romania’s Gross Domestic Product decreased by 0.2% in the third quarter of 2025 (July-September) compared to the previous quarter, announced the National Institute of Statistics. Compared to the same quarter…