The 2025-2026 budget correction package can avoid the downgrading of Romania’s sovereign risk, and there is no alternative to a severe correction, according to the Fiscal Council, which has published…
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.
Fiscal package, ready "tomorrow or the day after tomorrow." It will be a mini-ordinance, including a TVA modification. We are backed into a corner
On Wednesday, the fiscal package will be finalized, which will contain all measures to reduce the budget deficit – expense cuts, investment delays, including TVA modifications. The measures will be…
Politico: Romania faces public backlash in its attempt to reduce the largest deficit in the EU
The Romanian government is preparing for a tense start to its mandate, as the drastic measures proposed to reduce the largest budget deficit in the European Union threaten to cause…
The global economy is on the brink of a new crisis: This trend cannot continue
The global economy is facing increasing risks, warns the Bank for International Settlements (BIS). Trade tensions, geopolitical crises, and vulnerability to shocks indicate „a new era of uncertainty and unpredictability,”…
Romania, a poor country. We have the cheapest food in the EU, but also among the lowest incomes
Romania remains one of the cheapest countries in the European Union. With prices 36% below the EU average, our country is surpassed only by Bulgaria, where goods and services are…
Premiere in Bulgaria: The sun has produced more energy than the country has consumed
Bulgaria achieved an absolute first in the energy sector on June 20, 2025: for the first time, solar energy produced in a specific time frame exceeded the national electricity consumption.…
The progressive tax could bring in an additional 12 billion euros to the budget, estimates the European Commission. Who would lose
The European Commission estimates that transitioning to a progressive income tax system would bring an additional 11.8 billion euros to Romania’s budget. Implementing a progressive tax with three brackets –…
Three quarters of Romanians do not trust that the state will spend their taxes properly
Three-quarters of Romanians do not believe that the money from the new taxes will be managed efficiently. Before any tax increase, the population demands the cutting of privileges and the…
Premiere for Hidroelectrica: Photovoltaic panels on a lake
Hidroelectrica will have photovoltaic panels on a lake in Olt County, Romania. Hidroelectrica has signed the contract for the implementation of the „Nufărul Pilot Project,” which aims to build the…
Codirlașu (CFA Romania): The economy will grow modestly. A recession scenario for this year is not excluded
CFA Romania analysts anticipate modest economic growth this year, but do not rule out a recession scenario, amid uncertainty, especially fiscal, stated Adrian Codirlasu, the president of the CFA Romania…
Romania becomes a NATO production hub through a project with the US and General Dynamics
Romania will become a strategic hub in the production of NATO-compatible ammunition with the establishment of the NATO Ammunition Excellence Center in Dragomirești, Dâmbovița County. The announcement was made on…
How Israel-Iran attacks could impact the global economy
The Middle East is the most important oil-producing region in the world and a major center for maritime trade. Its waterways are a critical artery for cargo ships transporting oil…
Fitch: Nicușor Dan's victory does not save Romania from fiscal collapse
Romania risks losing its recommended sovereign investment rating if it fails to significantly reduce the budget deficit and stabilize public debt, warns the financial rating agency Fitch. The deficit reached…
The ruble defies the crisis and sanctions: It has become the most performing currency in the world in 2025
In a geopolitically tense context and with low oil prices, the Russian ruble has surprised international markets, becoming, according to Bank of America, the best-performing currency in the world in…
Trump wants America to start producing again the things they import. But does the US have what it takes?
Donald Trump wants to open and reopen factories, using tariffs as a tool. Companies looking to relocate their production are trying to find the right ways to do so. The…
How Alexandru Badan transformed childhood songs into a global phenomenon: It all started with 200 euros and a Christmas without gifts
The most valuable business ideas emerge when an unmet need is transformed into a strategic opportunity. Today, parents have a multitude of children’s songs at their disposal because, at some…
The text translated from Romanian to English is: "Business people's appeal to political parties: Romania does not need new taxes, but a more efficient state"
At a critical moment for the Romanian economy, marked by fiscal pressures and political uncertainty, the most important business organizations in the country are issuing a joint appeal to political…
Grim warning about pensions: Today's youth risk not having enough to live on in old age
The current pension system was designed for a life expectancy of 75-80 years, but Romanians are living longer and the sustainability of this model is becoming uncertain, warns Alexandru Chirilă,…
Tudor Manea, CEO of eMAG, in view of tax increases: "We know where 1 million euros are lost every day! We expect the state to take them"
eMAG group paid 900 million lei to the Romanian state, between April 1, 2024, and March 31, 2025, according to the figures presented on Wednesday, June 4, at a press…
Green light for Bulgaria's accession to the euro zone
Bulgaria meets all the criteria to adopt the euro currency from January 1, 2026, as announced by the European Central Bank (ECB) on Wednesday, after assessing the progress made by…