The effects of the war with Iran are evident to most Americans: gasoline prices have remained above $4 for several weeks, mortgage rates are rising towards 7%, and companies are…
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.
Why are European countries moving their gold out of North America?
The Netherlands moved tens of tons of gold from the United States and Canada. France repatriated reserves from the USA. Germany had already done the same in past years. The…
Diesel gets cheaper from today as excise duty is cut by 25%. How much a litre now costs at the pump
Drivers are benefiting from a new diesel price decrease starting September 1st. The temporary reduction of the excise duty has been increased from 20% to 25%, and the effect is…
Romania's Budget Deficit Falls Sharply After First Seven Months as VAT Revenues Rise and Wage Spending Drops
Romania ended the first seven months of 2026 with a budget deficit of 48.08 billion lei, 28.36 billion lei less than in the same period in 2025. At the same…
Moody’s warns Romania over stalled Salary Law: Recovery funds at risk as fiscal pressures grow. Nazare: “It’s a credibility issue”
The failure of the coalition to timely adopt the new salary law not only means the loss of European funds. Moody’s warns that the deadlock raises questions about Romania’s ability…
How much can bad tax advice from ChatGPT cost you?
More and more Romanians are turning to artificial intelligence to find answers to the problems they face, including how to declare their income or what taxes they have to pay.…
Romania's recovery plan funding is running out, with 86 km of motorway still unfinished. Who will pay to complete the work?
Romania still has 132.4 kilometers of highway to build financed through the NRRP, but only 45.9 kilometers are expected to be completed by August 31, when the European program ends.…
Consumers threaten to sue ANRE, accusing new rules of weakening their rights and favoring suppliers
The Association of Prosumers and Energy Communities in Romania (APCE) threatens to seek the suspension of the regulations developed by ANRE for the implementation of the new Prosumer Law in…
The largest solar park in Europe is being built in Romania: It will provide energy for nearly one million people
The project of the largest photovoltaic park in the EU has taken a significant step towards realization and could soon provide enough energy for nearly one million people. The National…
The United States imposes 50% tariffs on some Canadian products. Ottawa will respond "dollar for dollar"
The United States imposed 50% tariffs on a range of products imported from Canada on Saturday after trade negotiations between the two countries failed at the last minute. Canadian Prime…
Wheat prices climb towards three-year high as Russia and Ukraine disrupt exports. World seeks alternative routes, putting Constanța back in focus
The price of wheat has risen to nearly the highest level in the past three years, following the increasingly intense attacks by Russia and Ukraine on ports and commercial ships…
Russians pull money out of banks and keep it "under the mattress," fearing Putin could seize their savings
Russians are withdrawing more and more money from banks amid fears that the state could end up seizing the population’s savings and companies’ assets to finance the war in Ukraine.…
Europe can no longer rely on its old economic model. Lagarde warns EU risks losing AI race
Europe can no longer rely on the economic model that has brought it prosperity in recent decades, and if it does not address its internal problems, it risks falling behind…
Bulgaria installed more battery storage in one month than Romania has in total. What Bucharest plans to do
Bulgaria has increased its energy storage capacity in batteries by 1,000 MW in just one month. This is more than the entire installed capacity currently in Romania. ENTSO-E data as…
Inflation dropped sharply in July. Rents, diesel, and coffee recorded the highest price increases
The annual inflation rate decreased to 8.16% in July, from 10.42% in June, according to data published on Wednesday by the National Institute of Statistics (INS). Thus, the annual inflation…
12 km of Transylvania Motorway open after years of delays. Pro Infrastructura blames UMB and CNAIR
Romania marks the first highway inauguration of the year on Tuesday. Traffic opens on the 12.24 kilometers of the Transylvania Highway (A3) between Zimbor and Poarta Sălajului starting at 4:00…
Energy storage can save us. But batteries also have a risk
Batteries have been presented as a „crucial technology” in the EU’s transition to clean energy, but recently concerns have arisen about the risk of potential power outages they could cause.…
European Commission clears Naspers’ full takeover of Romanian eMAG
The European Commission has approved, on Friday, the acquisition of sole control over Dante International S.A., the operator of eMAG, by the South African group Naspers Limited. The transaction was…
The international price of oil has dropped to the lowest level in the last three weeks
Oil prices drop after U.S. Treasury Secretary Scott Bessent indicated that Washington and Tehran could reach an agreement on reopening the Strait of Hormuz as early as Tuesday or Wednesday.…
Fitch Maintains Romania’s Investment Grade Rating, Warns Over Political Instability and Budget Deficit
Fitch Ratings agency confirmed Romania’s sovereign rating at BBB- on Friday evening, the last step in the recommended investment category, but maintained a negative outlook, citing risks stemming from high…