Romanians pay loan installments with annual effective interest rates almost double compared to many European countries. According to Eurostat data, the average annual effective interest rate on mortgage loans in…
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.
100 million euros from the state for the tire factory in Oradea, which will be unique in the world
The Romanian Government approves, on Thursday, a state aid of nearly 100 million euros for the factory built by Nokian Tyres in Oradea. „The most important project today is the…
The effects of Trump's victory: Stock market increases in Europe and Asia, the dollar strengthens, Bitcoin has reached a historical high
The main stock markets in Europe started Wednesday’s trading session on the rise after Donald Trump claimed victory in the US presidential election. Stocks are rising on European exchanges as…
Who are the billionaires who received the largest subsidies from the EU
The European Union has granted huge subsidies for agriculture to companies owned by several billionaires between 2018 and 2021. At least 17 billionaires were the ultimate beneficiaries of the 3.3…
The Ministry of Finance wants to borrow nearly 6.5 billion lei from banks this month. What will it do with the money
The Ministry of Finance (MF) has planned, in November 2024, loans from commercial banks amounting to 5.7 billion lei, to which the sum of 795 million lei can be added…
The builder of the most expensive section of the Transylvania Highway has been designated: The stretch will feature the longest tunnel on a highway in Romania
The most expensive road infrastructure contract in Romania has been awarded to the Turkish consortium Makyol Insaat Sanayi Turizm VE Ticaret AS – Ozaltin Insaat Ticaret VE Sanayi AS. This…
Romanians who have life insurance will be reported to the tax authorities
Starting from January 1st, insurance companies will have to report to the Romanian tax authorities (ANAF) data regarding individuals in Romania who have taken out life insurance policies or similar…
Burduja assures that the prices on bills will not be higher than last winter
Gas and electricity prices will not be higher this winter compared to the previous similar period, stated the Minister of Energy, Sebastian Burduja, at the Palace of Parliament on Monday.…
Burduja announces that, for the first time, Romania has become the largest gas producer in the European Union
The Minister of Energy, Sebastian Burduja, announces that for the first time, Romania has already become the largest producer of gas in the European Union. „For the first time, Romania…
Marcel Ciolacu announces that the property tax will remain the same in 2025
Prime Minister Marcel Ciolacu announced on Wednesday, during the Government meeting, that next year, Romanians will pay the same property taxes, the decision being to postpone the application of the…
The European Commission has accepted a postponement: Romania must come up with a plan to reduce the deficit by January
The European Commission has agreed with Romania on extending the deadline until January 31, 2025 for the country to submit its budget deficit reduction plan.„Given that we have not yet…
Romania buys 58 new electric trains that will connect 13 major cities
Romania will purchase 58 new electric trains. The investment of 3.3 billion lei from European funds is subject to approval at Wednesday’s Government meeting. The announcement was made by Prime…
The European Commission suspends a portion of the third installment of the PNRR
The European Commission has published a document on Tuesday announcing that it has carried out a preliminary assessment of Romania’s third payment request under the PNRR. According to the document,…
The son of a former US presidential candidate wants to buy land in Romania
American real estate developer Hillwood, owned by billionaire Ross Perot Jr. (65 years old), aims to enter the industrial sector of the Romanian real estate market. The American group is…
Burduja says that Romania could become the first country on the Black Sea to start offshore wind energy production
Romania has the perspective of becoming the first country on the Black Sea to start offshore wind energy production, says Energy Minister Sebastian Burduja. According to him, the target is…
Agricultural crops in Romania have been hit by drought: The only good news from the European Commission
Seven major agricultural crops in Romania have been affected this summer by drought and extreme heat. The European Commission has revised its forecasts for the yields of agricultural crops in…
Romania loses a huge investment: The 1.4 billion euro battery factory will no longer be built in Galați
Romania will not become a source of battery supply for electric cars in Europe, after losing a 1.4 billion euro investment announced by the Belgian company Avesta Battery and Energy…
The Parliament has voted for the exemption of pensions under 3,000 lei from taxation. USR warns that the law is unconstitutional
The Chamber of Deputies plenary session voted on Tuesday for the bill that provides for the exemption of pensions below 3,000 lei from taxation, with 277 votes „in favor” and…
Fiscal amnesty: The draft of the ordinance has been made public. What are the measures and conditions provided
The Ministry of Finance made public on Tuesday the draft emergency ordinance regarding fiscal amnesty. The document proposes, among other things, that companies with debts to the state as of…
What will happen in Europe when Kiev shuts off the tap of Russian gas
More than two years after the invasion of Ukraine, Kiev has continued to allow the transit of Russian gas to Europe. This will no longer happen starting from the end…