The next interest rate cut by the European Central Bank is not likely to happen anytime soon, given the recent rebound in inflation, said Robert Holzmann, a member of the…
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.
The global economy, barely recovering from the impact of the Covid-19 pandemic, will face a new set of risks in 2025
The global economy has just begun to leave behind the impact of the Covid-19 pandemic, but by 2025, it is set to face a new set of challenges, such as…
Politico sounds the alarm: Economic apocalypse looming
Caught between stagnation, declining competitiveness, and Donald Trump, Europe faces an „existential challenge” and is running out of time. We are on the brink of an economic apocalypse and must…
Stock market drops by nearly 3% following the announcement of PSD's withdrawal from the government
The Bucharest Stock Exchange (BVB) recorded nearly 3% declines on almost all indices in Thursday’s session, around 12:50, and reported transactions worth 2.63 billion lei (529.8 million euros). The main…
A South Korean company will build its first self-propelled howitzer factory in Europe in Romania. The facility will also produce combat vehicles
The South Korean company Hanwha Aerospace will produce in Romania the 155mm self-propelled howitzer (SPH) K9 Thunder and the associated ammunition resupply vehicle K10. The factory in our country will…
Economist: Romania's rating downgrade pushes us into the arms of the IMF. I'm afraid the road to junk status is getting shorter
Economist Adrian Negrescu warns that Romania’s downgrade in rating is pushing the country into the arms of the IMF, in an already very difficult economic context. He hopes that politicians…
The reaction of the Ministry of Energy, following the announcement of the takeover of E.ON Romania by a state-owned company from Hungary
The Ministry of Energy reacted promptly to the announcement of the acquisition of E.ON Romania by the Hungarian state-owned company MVM. The institution led by Sebastian Burduja stated that it…
Economist: We are heading towards an economic withdrawal
Economist Radu Georgescu warns that Romania, which has been operating on loans for the past seven years, will enter an economic withdrawal. He says that in all these years, 90%…
E.ON, the largest gas provider in Romania, will be purchased by a company directly controlled by Viktor Orban
E.ON and the Hungarian state company MVM Group have reached an agreement regarding the sale of the household and customer solutions division of E.ON company in Romania. „MVM Group is…
Inflation surpasses 5% again. Fresh fruits, margarine, and postal services have seen the highest price increases
The annual inflation rate in November 2024 compared to November 2023 was 5.1%, according to data from the National Institute of Statistics (INS). In October 2024, the annual inflation rate…
The stock market is on the rise following the decision to cancel the elections, but volatility will remain high
The stock market reacted positively to the decision of the Romanian Constitutional Court to annul the entire electoral process of the presidential elections, but brokers argue that volatility will continue…
MoD buys Turkish 4x4 armored vehicles. Most will be manufactured in Romania (Video)
The Turkish manufacturer Otokar and Romtehnica company have signed a multi-year contract worth 4.26 billion lei (approximately 857 million euros without VAT) for the supply of 1,059 armored tactical 4×4…
A boulevard in Romania climbs into the top of the world's most expensive commercial streets
An artery in Bucharest has climbed two positions in the ranking of the most expensive commercial destinations in the world, in the latest report „Main Streets Across the World,” conducted…
An American military giant will produce batteries in Oradea
Lockheed Martin and the Romanian company Sinteza S.A. signed a letter of intent on Wednesday for the construction of a GridStar Flow battery factory in Oradea, with zero carbon emissions,…
ING Bank has blocked in court the order that obliges it to recalculate the interest rates on tens of thousands of loans. The bank cites immense costs and nearly 300,000 hours of work
The National Authority for Consumer Protection considers that ING Bank Romania has forced clients to pay two interest margins, asking the bank to eliminate one of them and to refund…
Amazon is closing its AI department in Romania - 400 people laid off
Amazon is closing its Machine Learning department in Romania. And starting from January 1st, around 400 people will be laid off. „Negotiations are currently underway regarding the amount of compensation…
Customs duties on US imports: Scenarios in which Europe will suffer more than China
Donald Trump has promised to impose taxes on imported goods, a key element of his economic agenda for a second presidential term. China will suffer the most, but other countries,…
Why train travel in Europe is more complicated and expensive, even though people want to give up flying
Across the continent, it is cheaper and easier to travel by plane than by train, which poses a problem for an increasing number of people who wish to travel sustainably.…
The inflation in Romania is the highest in the EU for the eighth consecutive month
The annual inflation rate in the European Union rose in October to 2.3%, from a level of 2.1% in September. Romania, for the eighth consecutive month, is the country with…
Romanians pay interest rates on loans almost double compared to rest of Europeans. What is the explanation
Romanians pay loan installments with annual effective interest rates almost double compared to many European countries. According to Eurostat data, the average annual effective interest rate on mortgage loans in…