Romanian Finance Minister Marcel Boloş announced on Wednesday that the National Agency for Fiscal Administration (ANAF) has exceeded its collection target by 6% in the first six months of the…
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.
Risk of massive power outage due to heatwave?
While some Romanian TV stations are sensationalizing that the country is at risk of a blackout due to the heatwave or that massive power outages may occur, the Minister of…
A blood donor will receive an interest of 600.000 euros on government securities
The largest subscription order for Fidelis state titles, June 2024 edition, on the blood donors’ tranche, amounts to 43 million lei (8,6 million euros). In other words, a blood donor…
The solar energy produced by photovoltaic panels increased by 50% in 2024
Solar energy produced in Romanian photovoltaic installations (including prosumers) in the first four months of 2024 was 800.4 million kWh, an increase of 268.4 million kWh (plus 50.5%) compared to…
The hidden ways through which Russia gets what it wants: Abnormal imports of German cars in Kyrgyzstan and the "dark fleet" that transports oil
German exports of cars to Kyrgyzstan have increased by 5,100% since the beginning of the Ukraine war. There are other ways in which Russia obtains technology and luxury products, despite…
Louis Vuitton accused of copying a Romanian traditional blouse
Romanian Minister of Culture, Raluca Turcan, intends to initiate a dialogue with Louis Vuitton for the recognition of the heritage and cultural value of traditional Romanian pieces.This statement comes in…
AI can do better financial analysis than humans in the case of a giant like Apple
A group of researchers has discovered that the GPT-4 program developed by OpenAI outperforms humans in financial analysis for large companies like Apple. Three researchers from the University of Chicago…
Vouchers of up to 20,000 euros for farmers to buy tractors
The Romanian government will finance, for the first time, a program that will help small farmers to buy tractors. Prime Minister Marcel Ciolacu announced, on Thursday, during the Cabinet meeting,…
Historic high for the Bucharest Stock Exchange. Hidroelectrica shares have surged over 30% compared to the listing offer
The Bucharest Stock Exchange (BVB) reached a new all-time high in Friday’s trading session, as the benchmark index BET rose by 1.4% to 17,680.5 points, driven by the appreciation of…
The Romanian company that will produce drones, in collaboration with the Americans
A company from Romania will produce military and civilian drones. On Friday, a strategic agreement was signed in this regard with the American manufacturer Periscope Aviation. The Romanian Minister of…
Eurohold is seeking damages of over 500 million euros from the Romanian Government
Eurohold Bulgaria AD (Eurohold) and Euroins Insurance Group AD (EIG) have officially filed an Arbitration Request against the Romanian Government at the International Centre for Settlement of Investment Disputes (ICSID)…
Who are the largest honey exporters in the EU
European Union member states imported 163,700 tons of natural honey from countries outside the community block last year, worth 359.3 million euros. In contrast, in 2023, only 24,900 tons were…
Romania currently has the highest energy prices in Europe
For three days, Romania has had the highest energy prices in Europe on the spot market, and the situation will continue on Friday. Prices are almost double compared to last…
Romania: No prison time for tax evasion under one million euros, if the damage is paid
Romanian President Klaus Iohannis has signed of the law regarding certain measures to strengthen the capacity to combat tax evasion. The legislative act decriminalizes tax evasion offenses with a prejudice…
The largest industrial objective in Romania since 1989 has a green light
The new power plant in Mintia, Hunedoara, has received environmental approval. Due to its production capacity of 1,700 MW, this project is classified as the largest industrial objective in Romania…
Factories in Romania have lost nearly half a million employees in the last 25 years
Currently, 1.09 million Romanians work in the manufacturing industry, whereas in the year 2000 their number was 1.56 million. Romanian factories have lost nearly 500,000 employees in the last 25…
The Romanian Government postpones the luxury tax on very expensive houses and cars
The government offers a deferral to Romanians with very expensive houses and/or cars, who should pay the luxury tax starting this year. Why? Because the state has not yet finalized…
Romanian Post has launched a real estate portal - 500 properties available for rent on the platform
Romanian Post has launched, on Wednesday, a real estate portal through which 500 properties will be put up for rent.„The Post has around 2,000 properties. Out of the 2,000, 1,000…
2023, the best year for banks in Romania's history
Profits for most banks in Romania have increased by individual percentages ranging from 14 to 50%. The entire banking system ended 2023 with a record profit of nearly 14 billion…
Romanians registered on cryptocurrency platforms are 2-3 times more numerous than stock market investors
Romanians registered on cryptocurrency platforms are two to three times more numerous than the 178,000 investors recorded on the Bucharest Stock Exchange, says the President of the Financial Supervisory Authority…