The decision by Washington to include Lukoil and Rosneft on the sanctions blacklist has thrown EU countries where the two largest Russian oil companies are present into chaos. They are…
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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.
Nicușor Dan asks companies to come up with ready-made economic policies: The state does not have this administrative capacity (Video)
President Nicușor Dan delivered a sharp speech at the „Dialogue for Development” summit organized by the Employers’ Confederation Concordia. The head of state acknowledged Romania’s administrative incapacity to translate economic…
Job cuts at OMV Petrom. Nearly 1,000 employees will be laid off
Cristina Verchere, CEO of OMV Petrom, the largest oil and gas producer in Romania and the region, confirms the figures regarding the restructuring of the company’s personnel. She specifies that…
Lukoil has found a buyer for its foreign assets, including Romania
Lukoil announces that it has received an offer, which it has accepted, from the Gunvor group to purchase its international assets, including those in Romania. American sanctions force Russian company…
Warning from Brussels to the Government: Bold measures must be taken. Bolojan promises fiscal discipline
Brussels sends a new alarm signal to Bucharest: Romania’s budget deficit, at 9.3% of GDP, the highest in the European Union, threatens economic stability and European funds. European Commissioner for…
The United States and China are close to reaching an agreement on exports of rare earths and soybeans
China is considering postponing the implementation of restrictions on the export of rare earths and resuming soybean purchases from the United States, announced US Treasury Secretary Scott Bessent on Sunday,…
Germany abandons nuclear energy and demolishes the towers of a nuclear power plant (Video)
Germany has demolished the cooling towers of the Gundremmingen Nuclear Power Plant as part of the nuclear energy phase-out. The dismantling is expected to be completed by 2040. Two cooling…
Why China is winning the trade war: Trump strikes, but Xi responds more effectively
Relația dintre Statele Unite și China a ajuns într-un punct de tensiune fără precedent. În timp ce Donald Trump și Xi Jinping se pregătesc să se întâlnească în Coreea de…
Consumers accuse the state of wanting to stop their solar panels: It's as if someone decided to turn off the light bulb in every Romanian's house
The Association of Energy Consumers and Communities in Romania (APCE) warns that a bill currently under debate in Parliament could allow the state to remotely control or even shut down…
Trump and Modi make peace? India promises to reduce imports of Russian oil, Americans cut tariffs
The United States and India are approaching a trade deal that could mark a major shift in bilateral relations, following months of tensions caused by Indian imports of Russian oil.…
The Minister of Energy announces that Romania will keep several coal-fired power plants operational
The Minister of Energy, Bogdan Ivan, announced on Wednesday that Romania will keep several coal-fired power plants operational at least until the end of 2029. The decision comes after complex…
The European Commission has approved the revision of the NRRP: Eight new hospitals and Highway A7 remain in the plan
The European Commission has approved the revised version of Romania’s National Recovery and Resilience Plan after three months of intense negotiations. Highway A7 receives 2.17 billion euros in grants, while…
To avoid losing billions of euros in European funds, the Government gives the green light to deforestation in protected areas along the Sibiu-Pitești Highway route
The government intends to declare the Sibiu-Pitești Highway a major project of national importance in order to be able to continue work on sections that pass through protected natural areas.…
The city in Romania that will have a port on the Danube and the Black Sea again: 300 jobs and strategic investments
After decades of economic isolation, Sulina is preparing to become an active port on the Black Sea again. Two infrastructure projects carried out by the Sulina Free Zone Administration (AZL)…
How soy became Xi's strongest weapon against Trump
China, the world leader in soybean imports, has stopped buying crops from the US to put pressure on Trump ahead of a trade-focused meeting with Xi Jinping. The beginning of…
The EU member states have approved the ban on the import of Russian gas
Energy ministers from the European Union have agreed on a common position regarding plans to ban all gas deliveries from Russia by the end of 2027. The decision comes as…
Several American banks are being sued for allegedly manipulating the base interest rate for lending for over 30 years
JPMorgan Chase, Bank of America, Wells Fargo, and other major American financial institutions are facing a new class-action lawsuit, accused of conspiring to manipulate the prime lending rate in the…
Over 500 public institutions have debts to the budget
The National Agency for Fiscal Administration (ANAF) announced on Friday that it will send official notifications to institutions and public authorities that have not paid their tax obligations by August…
IMM Romania proposes freezing the gross minimum wage for the country for the year 2026
IMM Romania, a representative national employers’ confederation, is requesting the maintenance of the current gross minimum wage at 4,050 lei and in 2026, warning that an increase could lead to…
Kiev could become the new Silicon Valley. A European fund of 50 million euros supports Ukrainian startups
In the midst of war, Ukraine is rebuilding its future through innovation. Two veterans of the local tech scene, Charles Whitehead and Dominique Piotet, are launching the Ukraine Phoenix Tech…