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…
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.
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…
100 million euros from the state for the tire factory in Oradea, which will be unique in the world
The Romanian Government approves, on Thursday, a state aid of nearly 100 million euros for the factory built by Nokian Tyres in Oradea. „The most important project today is the…
The effects of Trump's victory: Stock market increases in Europe and Asia, the dollar strengthens, Bitcoin has reached a historical high
The main stock markets in Europe started Wednesday’s trading session on the rise after Donald Trump claimed victory in the US presidential election. Stocks are rising on European exchanges as…
Who are the billionaires who received the largest subsidies from the EU
The European Union has granted huge subsidies for agriculture to companies owned by several billionaires between 2018 and 2021. At least 17 billionaires were the ultimate beneficiaries of the 3.3…
The Ministry of Finance wants to borrow nearly 6.5 billion lei from banks this month. What will it do with the money
The Ministry of Finance (MF) has planned, in November 2024, loans from commercial banks amounting to 5.7 billion lei, to which the sum of 795 million lei can be added…
The builder of the most expensive section of the Transylvania Highway has been designated: The stretch will feature the longest tunnel on a highway in Romania
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…
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…