Deputy Prime Minister Tanczos Barna stated on Monday evening that any increase in VAT primarily leads to a decrease in consumption, but this market reaction is temporary. „Every time, any…
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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.
Romania set to send NRRP payment request 4 in December. Pîslaru anticipates €2.62 billion arriving in February
The Minister of Investments and European Projects, Dragoș Pîslaru, announced that Romania will submit around December 15th the payment request number 4 from the NRRP. He states that this is…
Washington counts on lower taxes and rates to avoid recession. Shutdown losses seen as manageable, officials insist
The United States economy is not at risk of entering a recession, despite the $11 billion losses caused by the longest government shutdown in history, according to Trump administration officials.…
EU introduces new investment rules for China: How chinese entities are profiting from EU subsidies via Hungary and Spain
The EU plans to tighten its rules on foreign investments in an attempt to counter Chinese firms benefiting from the bloc’s open, common market. The new rules on foreign investments,…
The Brussels plan to stop Russian gas sparks outrage: Slovakia could sue the EU
Slovakia considers suing the European Union over Brussels’ plan to stop importing Russian gas starting in 2028 due to the war in Ukraine. Prime Minister Robert Fico announced that he…
Dependent on China: rare earths, the weapon with which Beijing keeps Europe under control
Europe, like the United States, is trying to maintain stable relations with China to ensure access to rare earth minerals, essential elements for the strategic industries of the region (automotive,…
Christmas Miracle: from Bucharest to Bacău, only on the highway
The construction of section 1 of the Focșani – Bacău highway (A7) is nearing completion, announced the general director of CNAIR, Cristian Pistol. On the 35.6 kilometers between Focșani and…
The European Union is asking the United Kingdom for money for extended access to the single market
The EU has confirmed that the United Kingdom will need to contribute to the community budget if it desires closer integration into the single market, particularly in the electricity sector.…
The European Commission is considering a tax on unhealthy foods
The European Commission is considering the proposal of a tax on ultra-processed foods with high fat, sugar, or salt contents. According to a draft document consulted on Sunday by dpa,…
The Romanian economy decreased in the third quarter
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…
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…