The European Commission estimates that transitioning to a progressive income tax system would bring an additional 11.8 billion euros to Romania’s budget. Implementing a progressive tax with three brackets –…
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.
Three quarters of Romanians do not trust that the state will spend their taxes properly
Three-quarters of Romanians do not believe that the money from the new taxes will be managed efficiently. Before any tax increase, the population demands the cutting of privileges and the…
Premiere for Hidroelectrica: Photovoltaic panels on a lake
Hidroelectrica will have photovoltaic panels on a lake in Olt County, Romania. Hidroelectrica has signed the contract for the implementation of the „Nufărul Pilot Project,” which aims to build the…
Codirlașu (CFA Romania): The economy will grow modestly. A recession scenario for this year is not excluded
CFA Romania analysts anticipate modest economic growth this year, but do not rule out a recession scenario, amid uncertainty, especially fiscal, stated Adrian Codirlasu, the president of the CFA Romania…
Romania becomes a NATO production hub through a project with the US and General Dynamics
Romania will become a strategic hub in the production of NATO-compatible ammunition with the establishment of the NATO Ammunition Excellence Center in Dragomirești, Dâmbovița County. The announcement was made on…
How Israel-Iran attacks could impact the global economy
The Middle East is the most important oil-producing region in the world and a major center for maritime trade. Its waterways are a critical artery for cargo ships transporting oil…
Fitch: Nicușor Dan's victory does not save Romania from fiscal collapse
Romania risks losing its recommended sovereign investment rating if it fails to significantly reduce the budget deficit and stabilize public debt, warns the financial rating agency Fitch. The deficit reached…
The ruble defies the crisis and sanctions: It has become the most performing currency in the world in 2025
In a geopolitically tense context and with low oil prices, the Russian ruble has surprised international markets, becoming, according to Bank of America, the best-performing currency in the world in…
Trump wants America to start producing again the things they import. But does the US have what it takes?
Donald Trump wants to open and reopen factories, using tariffs as a tool. Companies looking to relocate their production are trying to find the right ways to do so. The…
How Alexandru Badan transformed childhood songs into a global phenomenon: It all started with 200 euros and a Christmas without gifts
The most valuable business ideas emerge when an unmet need is transformed into a strategic opportunity. Today, parents have a multitude of children’s songs at their disposal because, at some…
The text translated from Romanian to English is: "Business people's appeal to political parties: Romania does not need new taxes, but a more efficient state"
At a critical moment for the Romanian economy, marked by fiscal pressures and political uncertainty, the most important business organizations in the country are issuing a joint appeal to political…
Grim warning about pensions: Today's youth risk not having enough to live on in old age
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,…
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…