The renowned American economist Joseph Stiglitz, Nobel laureate in economics, believes that the only way European leaders can truly support Ukraine, after Donald Trump seems to have washed his hands…
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 world's wealthiest are moving their fortunes to Greece: Many are scared of Trump
In recent years, Greece has become a major attraction for millionaires worldwide. Owners of huge fortunes are leaving countries like the United Kingdom, the USA, and even Australia or the…
Mugur Isărescu: What the governing coalition did is the right direction. If they hadn't adopted that ordinance, the deficit would have gone towards 10%
The Governor of the National Bank of Romania, Mugur Isărescu, believes that what the current governing coalition has done is the right direction and explained that if the „little train”…
Romania's economy grew by less than 1% in 2024. The worst result in 12 years, except for the pandemic
Romania’s economy grew by only 0.9% last year, and in the last quarter of 2024, the Gross Domestic Product (GDP) increased by 0.7% compared to the same quarter in 2023…
Trump's trade war could have a clear winner: the United Kingdom
The United Kingdom could be one of the big winners of the trade war unleashed by Donald Trump, as the tariffs imposed by the US on other major economies redirect…
The taxes imposed by China have come into effect. Beijing is investigating Google
The new customs duties imposed by the United States on China have come into effect, although Donald Trump has suspended those targeting Mexico and Canada. Thus, an additional 10% tax…
Trump's tariffs have led the euro to its lowest value in the past two years
The US dollar appreciated strongly on Monday, pushing other currencies to their lowest values in years after the widespread tariffs announced by American President Donald Trump triggered a trade war,…
Minister of Finance: Romania has already left behind 7 EU countries and we are on the rise, very close to Estonia (Video)
Minister of Finance, Tanczos Barna, argues that Romania is a country in full economic development and can rely on a solid economic growth. He emphasizes that Romania has already surpassed…
Minister of Finance explains why there is no need for tax increases in 2025
The budget project for 2025 foresees an increase in revenues of 50 billion lei compared to 2024, a sum that allows for compliance with the 7% GDP deficit, announced Romanian…
Trump warns companies worldwide of high tariffs if they do not produce in the USA
American President Donald Trump declared on Thursday, via video conference at the World Economic Forum in Davos, that businesses worldwide will have to pay a tariff if they do not…
Retirement bonus of 100,000 euros from the state. Who is the lucky beneficiary and how did we get here
In the context of drastic budget cuts in Romania, we learn about a record obtained by a state employee, who received a retirement bonus of 100,000 euros! This concerns a…
Melania Trump has launched the cryptocurrency $MELANIA
Melania Trump launched a cryptocurrency ahead of her husband, Donald Trump’s inauguration as the President of the United States, as reported by BBC. Her announcement comes a day after President-elect…
The World Bank worsens forecasts regarding the evolution of Romania's economy
The Romanian economy is expected to grow by 2.1% this year, compared to a level of 3.8% forecasted in June 2024, according to the most recent report on „Global Economic…
Economist, about Romania's increasing external debt: The prosperity proclaimed by politicians was artificially induced with financial infusions from loans
Economist Adrian Negrescu believes that the issue regarding Romania’s increasing external debt is not the loans themselves, but rather the interest rates and, most importantly, how the money is used.…
The annual inflation rate rose to 5.14% in December 2024. What has become more expensive the most
The annual inflation rate rose to 5.14% in December 2024, from 5.11% in November, according to data published on Tuesday by the National Institute of Statistics (INS). Food products recorded…
A university professor issues an economic reprimand to David Popovici
Professor at the Bucharest Academy of Economic Studies, Cristian Păun, criticizes David Popovici’s decision to buy a €150,000 Porsche Spyder. The economics specialist believes it is an extremely ill-advised decision,…
European Central Bank will not reduce the reference interest rate anytime soon
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…
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…