The most expensive road infrastructure contract in Romania has been awarded to the Turkish consortium Makyol Insaat Sanayi Turizm VE Ticaret AS – Ozaltin Insaat Ticaret VE Sanayi AS. This…
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.
Romanians who have life insurance will be reported to the tax authorities
Starting from January 1st, insurance companies will have to report to the Romanian tax authorities (ANAF) data regarding individuals in Romania who have taken out life insurance policies or similar…
Burduja assures that the prices on bills will not be higher than last winter
Gas and electricity prices will not be higher this winter compared to the previous similar period, stated the Minister of Energy, Sebastian Burduja, at the Palace of Parliament on Monday.…
Burduja announces that, for the first time, Romania has become the largest gas producer in the European Union
The Minister of Energy, Sebastian Burduja, announces that for the first time, Romania has already become the largest producer of gas in the European Union. „For the first time, Romania…
Marcel Ciolacu announces that the property tax will remain the same in 2025
Prime Minister Marcel Ciolacu announced on Wednesday, during the Government meeting, that next year, Romanians will pay the same property taxes, the decision being to postpone the application of the…
The European Commission has accepted a postponement: Romania must come up with a plan to reduce the deficit by January
The European Commission has agreed with Romania on extending the deadline until January 31, 2025 for the country to submit its budget deficit reduction plan.„Given that we have not yet…
Romania buys 58 new electric trains that will connect 13 major cities
Romania will purchase 58 new electric trains. The investment of 3.3 billion lei from European funds is subject to approval at Wednesday’s Government meeting. The announcement was made by Prime…
The European Commission suspends a portion of the third installment of the PNRR
The European Commission has published a document on Tuesday announcing that it has carried out a preliminary assessment of Romania’s third payment request under the PNRR. According to the document,…
The son of a former US presidential candidate wants to buy land in Romania
American real estate developer Hillwood, owned by billionaire Ross Perot Jr. (65 years old), aims to enter the industrial sector of the Romanian real estate market. The American group is…
Burduja says that Romania could become the first country on the Black Sea to start offshore wind energy production
Romania has the perspective of becoming the first country on the Black Sea to start offshore wind energy production, says Energy Minister Sebastian Burduja. According to him, the target is…
Agricultural crops in Romania have been hit by drought: The only good news from the European Commission
Seven major agricultural crops in Romania have been affected this summer by drought and extreme heat. The European Commission has revised its forecasts for the yields of agricultural crops in…
Romania loses a huge investment: The 1.4 billion euro battery factory will no longer be built in Galați
Romania will not become a source of battery supply for electric cars in Europe, after losing a 1.4 billion euro investment announced by the Belgian company Avesta Battery and Energy…
The Parliament has voted for the exemption of pensions under 3,000 lei from taxation. USR warns that the law is unconstitutional
The Chamber of Deputies plenary session voted on Tuesday for the bill that provides for the exemption of pensions below 3,000 lei from taxation, with 277 votes „in favor” and…
Fiscal amnesty: The draft of the ordinance has been made public. What are the measures and conditions provided
The Ministry of Finance made public on Tuesday the draft emergency ordinance regarding fiscal amnesty. The document proposes, among other things, that companies with debts to the state as of…
What will happen in Europe when Kiev shuts off the tap of Russian gas
More than two years after the invasion of Ukraine, Kiev has continued to allow the transit of Russian gas to Europe. This will no longer happen starting from the end…
Honey production has drastically decreased due to excessive temperatures. Bees have become irritable and are attacking
Romanian beekeepers are requesting Romanian authorities to provide financial support of 10 euros per bee family, considering the major difficulties faced by the sector due to extreme weather conditions in…
The Romanian government begins negotiations for purchase a strategic port in Moldova
The Romanian government is starting negotiations for the purchase of the strategic Giurgiuleşti port in the Republic of Moldova. The Executive will form a team to initiate negotiations with the…
Ciolacu, about raising the threshold for taxing pensions: It is not a very significant budgetary effort
Prime Minister Marcel Ciolacu provided clarifications on Tuesday regarding the increase up to 3,000 lei of the threshold for taxing pensions. He stated that he had also spoken with the…
The biggest fine ever collected by Uber
Major blow for Uber. The ridesharing giant has been hit with a record fine – $324 million – after sharing sensitive driver data. Uber has been fined by Dutch authorities…
Over 1.8 million bottles of beer recalled due to rust
The inspectors of the Romanian Authority for Consumer Protection (ANPC) have decided to withdraw from the market over 1.8 million bottles of Ciuc beer with rust on the cap or…