Romania’s economy will suffer in the coming period due to investors’ fear that George Simion could become president at Cotroceni, says tax consultant Adrian Bența. The expert, who also specializes…
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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.
Euro exceeds 5.1. It is the highest level ever recorded
The leu continues its strong depreciation against the European currency. The Euro rose on Thursday and surpassed the threshold of 5.1 lei. The National Bank of Romania quotes the euro…
Economist: We are facing four waves of price increases that will lead the economy into recession
The European Commission warned Romania on Wednesday to eliminate price capping on gas. Otherwise, it risks facing potential legal action regarding this policy, which the EU Executive stated violates the…
The Romanian leu takes a new blow. Euro continues to rise and breaks another historic record
The depreciation of the Romanian leu against the European currency continues. The Euro increased on Wednesday, breaking a new record, and is approaching 5.1 lei. The National Bank of Romania…
The first shock wave in the economy after the election results: Stock market plunges, Romania's borrowing costs rise
The significant lead of the sovereigntist candidate George Simion in the first round of the presidential elections is causing the first negative consequences for Romania in the financial markets. Final…
Why Italy is building the world's longest suspension bridge in an earthquake-prone area
This year will mark the beginning of the construction of the world’s longest suspension bridge, according to the government in Rome. It will be an unparalleled challenge that the Italian…
China has a list of American products that will be exempt from the 125% taxes
China has drawn up a list of American products that will be exempt from the 125% tariffs and has notified companies about this move, at a time when Beijing aims…
When China lashes out at Trump, the Chinese czar of the economy speaks: Who is He Lifeng
Vice Premier He Lifeng has long been a confidant of Chinese leader Xi Jinping. Initially, he disappointed foreign investors, but later gained trust and experience, and is now the man…
The britons' confidence in the economy has dropped to the lowest level ever recorded
British confidence in the economy’s outlook for the next 12 months has reached its lowest level ever recorded, according to a survey conducted by Ipsos MORI and published on Sunday.…
Trump unintentionally triggers a new era of free trade in Europe
Even the most protectionist countries in the EU realize they need new trading partners, as their traditional ally becomes unpredictable. It seems that Donald Trump could be the best thing…
China threatens countries that want to conclude agreements with the US
China warns countries not to enter into trade agreements with the United States that may affect its interests and threatens resolute and reciprocal countermeasures. China’s warning comes amid escalating trade…
Appearing out of nowhere and now everywhere: Dubai Chocolate has conquered the world, but leaves us without pistachios
The Dubai chocolate trend has conquered the West as well. On social media, internet users film themselves greedily devouring bars of chocolate with pistachio cream. However, with demand skyrocketing, the…
IMF revises its forecasts due to Trump: When giants clash, small countries are also caught in the currents
The escalation of trade tensions and significant changes in the global trading system will trigger a worsening of the economic forecasts of the International Monetary Fund (IMF), but nevertheless, a…
Romania is heading towards a new curve of sacrifice. "We have not learned anything from past mistakes"
The authorities have not learned the lessons of the 2009-2010 crisis or from the agreements with the IMF that brought budgetary balance through austerity measures. Now, Romania is once again…
Romania has once again become the country with the highest inflation in the EU
The annual inflation rate in the European Union continued to decrease in March, reaching 2.5% from a level of 2.7% in February, but Romania has become the country with the…
China tells Trump not to complain anymore: America has been living beyond its means for decades
Beijing sends yet another signal that it won’t back down in the trade war sparked by the Trump administration. Chinese state media writes that the US is not a victim…
WSJ: US to ask countries seeking lower tariffs to limit cooperation with China
The United States plans to persuade dozens of countries with which it is negotiating new trade agreements to limit their ties with China. In exchange for this, import taxes will…
How Trump is messing things up. The tariffs imposed on China are putting essential American businesses in jeopardy
The Trump administration announced on Saturday that it will exempt technological products such as iPhones, personal computers, and chips from a large portion of the new 145% tariffs imposed on…
China is increasing tariffs on goods from the US to 125%, but announces it will no longer retaliate against Trump's decisions
China announced on Friday an increase in the trade tariffs applied to the United States, from 84% to 125%. The decision was made after the White House specified on Thursday…
The taxes imposed by Trump on China have reached 145%. European stock exchanges are "buzzing," those in the US have returned to the red
Additional customs duties applied to Chinese products by the United States have reached the level of 145%, as stated in a White House decree published on Thursday outlining the conditions…