The economic prospects of Europe have significantly deteriorated against the backdrop of energy disruptions caused by the war, which are expected to lead to tighter financial conditions, according to the…
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.
Leu weakens as euro tops 5.2 lei on day of no-confidence vote against Bolojan government
The leu depreciated significantly against the euro on the day of the no-confidence vote against the Bolojan Government. The National Bank of Romania announced on Tuesday an official exchange rate…
Romania receives full payment for NRRP request 4: €2.62 billion approved by Brussels
Romania will receive in full 2.62 billion euros from the NRRP for payment request 4. The Minister of Investments and European Projects, Dragoș Pîslaru, announces that the evaluation by the…
IMF criticizes EU governments for repeating past mistakes and risking massive costs
European Union governments continue to spend billions to temper energy price increases, but a large part of these measures reach the population in an undifferentiated manner and risk creating larger…
Nazare warns ahead of PSD-AUR no-confidence vote: Romania cannot afford to step back
Minister of Finance, Alexandru Nazare, appeals for political stability and responsibility, two days before the vote on the motion of no confidence filed by PSD and AUR against the government…
BlackBerry hasn't died, it has reinvented itself. And people don't realize they use it every day
People have no idea how much they still use BlackBerry. Once on the verge of disappearing, the company is making money again with software hidden in 275 million cars. John…
Huge costs for German car manufacturers due to rising tariffs in the USA
The increase in tariffs announced by American President Donald Trump for cars and trucks imported from the EU would generate significant costs for German car manufacturers, according to an estimate…
EU crisis plan: consumer protection and new energy market rules
The European Commission presented on Thursday a set of recommendations aimed at protecting vulnerable households from the impact of high energy prices, in a context marked by market volatility and…
US naval blockade is choking Iran’s exports: storage is full, oil is piling up at sea
Iran’s oil exports have sharply declined in recent weeks due to the naval blockade imposed by the US, forcing Tehran to store its oil at sea on tankers as onshore…
The cost of political instability: higher interest rates, risks to PNRR funds and pressure on the exchange rate, Concordia analysis
The political instability in Romania is beginning to translate into concrete costs for the economy, companies, and the population. Higher interest rates on loans, pressure on the exchange rate, and…
ANAF to close offices without layoffs; Nazare: “We’re shutting counters, not services”
The Minister of Finance, Alexandru Nazare, announces a major reorganization of the territorial tax administrations, which will involve the closure of a significant number of physical offices and the relocation…
Germany hits the brakes: Iran war halves economic growth
The German government has halved its economic growth forecast for 2026, amid the impact of the Iran war on energy prices and global trade tensions. The Ministry of Economy in…
Siemens is building a green factory based on AI in Sibiu
A new Siemens factory, digitalized, based on artificial intelligence, and carbon-neutral, will be built in Sibiu by 2028. The factory will mainly produce various types of switches and electronic circuit…
Citigroup warns Romania: Political uncertainty increases the risk of fiscal slippage
Political uncertainties increase the likelihood of fiscal slippages, with a budget deficit exceeding the announced target, and put pressure on Romania’s local currency bonds, warn Citigroup analysts. The domestic government…
Tim Cook steps down after 15 years at Apple: who will be the next CEO?
Tim Cook will step down as Apple’s CEO at the beginning of September, after over a decade and a half at the helm of the American giant. The change marks…
Dăianu warns after PSD exits government: We’re not Greece, but the crisis must be resolved quickly
The exit of the PSD from the government risks seriously complicating Romania’s economic and political situation, but it is not a total surprise, says the President of the Fiscal Council,…
Iran war adds $100 to long-haul flight costs from Europe
The war in Iran and tensions in the global oil market are starting to be felt directly in passengers’ pockets. The cost of long-distance flights from Europe is increasing by…
IEA chief warns of “biggest crisis in history,” says recovery could take two years
The USA-Israel war against Iran is generating the most severe energy crisis in world history, stated the head of the International Energy Agency, an institution that advises 32 countries on…
Isărescu: Financial stability is like health - you only realize its value when you lose it. Criticism of bankers’ “jargon”
BNR Governor, Mugur Isărescu, warns that financial stability is essential, even if the public seems to have „grown tired” of this repeated message. Isărescu emphasized, at the opening of the…
Bloomberg: Political tensions threaten Romania’s financing and credit rating
Romania faces a negative reaction from investors and rating agencies due to the new political tensions in Bucharest. An analysis by Bloomberg shows that political instability comes at a critical…