Romania’s Gross Domestic Product decreased by 0.2% in the third quarter of 2025 (July-September) compared to the previous quarter, announced the National Institute of Statistics. Compared to the same quarter…
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.
The United States and Switzerland, close to an agreement to reduce trade tariffs
The United States and Switzerland are in the final stages of negotiations for a trade agreement that would significantly reduce import tariffs imposed by the Trump administration, from 39% to…
EU Overstepped Its Authority in Minimum Wage Rules, Court of Justice Rules
The Court of Justice of the European Union (CJEU) ruled on Tuesday that the European Union exceeded its competences when it imposed rules regarding the minimum wage. The Luxembourg-based court…
Bulgaria has gasoline supplies for only one month
Bulgaria only has gasoline reserves for one month, as it prepares for the start of US sanctions against the Russian company Lukoil, which owns the country’s largest oil refinery and…
The damages caused by smoking are astonishing. Why doesn't any government impose higher taxes on tobacco?
Researchers advocating for tobacco control have developed an index that analyzes the tobacco industry and, they say, shows how companies in this sector manage to influence governments to ensure that…
China suspends export ban on certain rare metals to the US
China lifted on Sunday the export ban to the United States on gallium, germanium, and antimony, crucial rare metals for the modern industry, as an additional sign of easing tensions…
Bulgaria has revealed how its euro coins will look (Photo & Video)
The National Bank of Bulgaria (BNB) has presented informative materials showcasing the design of the Bulgarian euro coins, which will enter circulation starting January 1, 2026. The initiative is part…
Politico: Romania wants to request a waiver to delay US sanctions in the Lukoil case. The closure of the refinery would be a propaganda opportunity for Russia
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…
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.…