The European Union is preparing for a prolonged energy shock amid the conflict in the Middle East. Brussels is considering „all options,” including rationalizing fuels and using strategic reserves, according…
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.
Diesel prices cut by 50 bani temporarily, with costs shared between the state and oil companies
The government and oil companies have reached an agreement for a 50 bani reduction per liter of fuel, in an attempt to stop the wave of price increases in recent…
Strait of Hormuz crisis: Europeans urged to work from home, drive slower, and cut energy use
The European Commission is urging citizens to reduce fuel consumption amid an energy crisis that could last for years. Recommended measures include working from home, reducing travel, and limiting flights.…
Romania to sign EU-Mercosur agreement as Government overrides Agriculture Ministry’s objections
The government approved on Tuesday the memorandum through which Romania will sign the EU-Mercosur Partnership Agreement, despite a negative opinion from the Ministry of Agriculture. The decision allows the signing…
Government allocates 258 million lei from Guarantee Fund to cover overdue wages at strategic companies; over 4,500 workers to be paid
The government decided on Tuesday, in an extraordinary meeting, that the outstanding salaries of employees from several major industrial companies should be paid by Easter from the Guarantee Fund, with…
Government extends cap on margins for basic food products. List of targeted items
The government has decided to extend the capping of the commercial margin for basic food products until June 30, 2026. The decision comes in the context of price pressures and…
Building material prices jump up to 35% in just three weeks. Erbașu: We face serious workforce shortages
Rapid price increases and the acute lack of qualified workers are putting increasing pressure on the construction sector, at a time when Romania needs massive investments in infrastructure. Cristian Erbașu,…
Fuel won’t be rationed: Government prepares alternative price measures
The Minister of Energy, Bogdan Ivan, stated that Romania is not currently considering fuel consumption rationalization measures, in the context of the European call for reducing the use of oil…
European Commission pushes for lower energy use, fewer trips to avoid shortages
The European Commission is urging member states to reduce their consumption of oil and gas, especially in transportation, to prepare for a possible „prolonged disruption” in energy supply caused by…
Romania set for €1bn Chinese investment in Europe’s biggest hybrid energy project
The Chinese industrial conglomerate Sany Group is expanding its presence in Romania and will invest over 1 billion euros in a large-scale hybrid energy project. The memorandum has already been…
Minister Barbu calls emergency meeting to cap food markups: “Do you think someone will die? Why should only Romanians suffer?”
PSD Minister of Agriculture, Florin Barbu, proposes a new intervention in the food market: limiting the commercial markup on all agri-food products to 20% for a period of six months.…
Oil jumps above $115 as Asian markets plunge
International oil prices surged at the beginning of the week. Brent surpassed the $115/barrel threshold, rising by over 3%, according to BBC News. American oil crossed $103, while the global…
At least one winner emerges from Iran war: U.S. natural gas exporters
US gas exporters are among the biggest beneficiaries of President Donald Trump’s war with Iran, while Asian governments struggle to find alternatives to Middle Eastern fuel. Asia, more dependent than…
Government to Declare Fuel Market Crisis, Cap Margins and Restrict Exports
The Romanian government will declare a crisis situation in the oil and petroleum products market, planning to adopt an emergency ordinance for this purpose. The meeting to adopt the necessary…
Another country in Europe restricts fuel sales
Slovenian Prime Minister Robert Golob announced on Sunday restrictions on fuel sales, amid pressures caused by the Middle East conflict on gas station supplies. According to the new measures, each…
Spain and Italy move to cut fuel prices after war-driven surge
Spain and Italy announce emergency measures to limit the impact of rising energy prices caused by the war in the Middle East. Madrid is preparing massive tax cuts, including VAT…
EU prepares major energy changes: gas price cap and ETS cuts on the table
The European Union is analyzing a comprehensive package of measures to reduce energy prices, against the backdrop of price increases caused by the war in Iran, which have put pressure…
Record fuel price hikes across all networks: diesel nears 10 lei/l, gasoline also climbs
The most significant daily increase in fuel prices since the beginning of the Iran war occurred on Thursday night into Friday, as shown by data analyzed by Profit.ro. The increases…
Global energy shock: gas prices double, oil surges toward $120 after Gulf attacks
Prices for oil and gas are skyrocketing on international markets after a major escalation of the conflict between Israel and Iran, which has directly hit the strategic infrastructure of Gulf…
Nicușor Dan announces state intervention in the fuel market: measures within a week
President Nicușor Dan announced on Thursday, from Brussels, that the Government will implement measures following the recent increase in fuel prices, without detailing their content. The head of state indicated…