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,…
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.
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…
The USR plan for smart austerity: How you can save 32 billion without cutting pensions, aid, or the Army budget
Former Minister of Economy and current USR deputy, Claudiu Năsui, has published a list of 13 measures through which the Romanian state could save 32 billion lei, without cutting pensions,…
The Minister of Finance is preparing scenarios for expense reductions and tax increases, including with progressive taxation
The Ministry of Finance is preparing several scenarios with options for reducing budgetary expenses and increasing taxes, necessary to stabilize the budget deficit, which will be presented to the political…
Business people, strong message for Nicușor Dan: We repeat for the tenth time. We do not accept tax increases. What measures have they proposed and what does the president say
President Nicușor Dan had discussions with representatives of the business environment in Romania on Thursday, in an attempt to find solutions to reduce the budget deficit. Business people conveyed to…
Europe is reorienting towards nuclear energy, despite controversies
More and more European countries are reconsidering their position on nuclear energy, in an attempt to increase their energy independence and find a balance in the green transition. In recent…
Blow to Trump: Europe gains control over rare earth minerals in Greenland
Greenland has granted a Danish-French consortium the right to exploit a type of rock essential for aluminum production, but used in various industries, including the glass fiber industry. The permit…
Failure in the green industry: The battery factory with Lockheed Martin will no longer be built in Oradea
The chemical company Sinteza Oradea has announced its withdrawal from the project to build a factory for the production, testing, and recycling of electrolytes used in industrial batteries for energy…
New EU sanctions for Russia's "phantom fleet." Tougher measures to follow if Moscow does not negotiate with Ukraine
Ambassadors of the 27 EU member states adopted on Wednesday the 17th package of sanctions imposed on Russia. These target another 200 „phantom” tankers, intended to limit Russian oil exports,…
Americans breathe a sigh of relief. Their Christmas was saved by the tariff truce between the US and China
The United States and China have agreed to a temporary reduction in tariffs, providing vital support to American retailers preparing for the busy holiday shopping season. This 90-day pause in…
Finance has what to borrow from banks: the billions of euros with which the NBR intervened. Investors are waiting for the election results
The Ministry of Finance borrowed 1.6 billion euros on Tuesday from the domestic market through a short-term bond auction (19 months) and another treasury certificate auction (12 months), also short-term…
On the brink of the abyss: Tariffs between the US and China have triggered a wave of instability
The trade war between the United States and China has pushed global supply chains into a severe crisis, and recent data shows how close we are to collapse. According to…
The USA and China bury the hatchet of the trade war: 90-day truce, with significantly reduced tariffs. Analyst: Trump, the barking dog that doesn't bite
The United States and China have reached an agreement for a 90-day pause in the implementation of reciprocal trade tariffs, which will be reduced by 115%, announced US Treasury Secretary…
Financial consultant: If Simion becomes president, there will be hundreds of thousands of unemployed people
Romania’s economy will suffer in the coming period due to investors’ fear that George Simion could become president at Cotroceni, says tax consultant Adrian Bența. The expert, who also specializes…
Euro exceeds 5.1. It is the highest level ever recorded
The leu continues its strong depreciation against the European currency. The Euro rose on Thursday and surpassed the threshold of 5.1 lei. The National Bank of Romania quotes the euro…
Economist: We are facing four waves of price increases that will lead the economy into recession
The European Commission warned Romania on Wednesday to eliminate price capping on gas. Otherwise, it risks facing potential legal action regarding this policy, which the EU Executive stated violates the…
The Romanian leu takes a new blow. Euro continues to rise and breaks another historic record
The depreciation of the Romanian leu against the European currency continues. The Euro increased on Wednesday, breaking a new record, and is approaching 5.1 lei. The National Bank of Romania…
The first shock wave in the economy after the election results: Stock market plunges, Romania's borrowing costs rise
The significant lead of the sovereigntist candidate George Simion in the first round of the presidential elections is causing the first negative consequences for Romania in the financial markets. Final…
Why Italy is building the world's longest suspension bridge in an earthquake-prone area
This year will mark the beginning of the construction of the world’s longest suspension bridge, according to the government in Rome. It will be an unparalleled challenge that the Italian…