German Chancellor Friedrich Merz welcomed on Sunday the trade agreement between the United States and the EU, which includes a 15% tariff on European exports, but the industry of 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.
EU's response to Trump's trade war: 93 billion euros on American products
EU leaders have approved a scheme to introduce customs duties worth 93 billion euros on American products. The scheme will be implemented starting from August 7, if negotiations with Donald…
Romania narrowly avoids "junk" downgrade. S&P warning on inflation, public debt, and Bolojan's departure
The financial rating agency Standard & Poor’s (S&P) has confirmed Romania’s sovereign rating at „BBB-/A-3” for both long-term and short-term debt, in both local and foreign currency. The maintained rating…
Who are the experts recruited by the Government for the reform of state-owned companies: We do not manipulate anything
Economist Iancu Guda clarifies who the experts co-opted by Deputy Prime Minister Dragoș Anastasiu are in an advisory council dedicated to the reform of state-owned companies and what the mission…
"They stole the entire building!" Radu Miruță accuses a real estate fraud tolerated for 18 years in the Ministry of Economy
The Minister of Economy, Radu Miruță, claims to have discovered a situation of „theft of the entire building.” In a Facebook post, Miruță says he learned how a 1,500 square…
Romania had the largest government deficit in the EU in the first quarter
The seasonally adjusted government deficit has decreased, both in the European Union and in the euro area, in the first quarter of this year compared to the last quarter of…
The European Union is preparing a plan of retaliation as the United States' position radicalizes
EU representatives are set to meet this week to finalize a set of response measures in case no trade agreement is reached with the Trump administration, whose negotiating position on…
Minister Țoiu: EU budget is a challenge for Romania. One bad news and one good news
The Minister of Foreign Affairs, Oana Țoiu, stated that Romania supports the position of the European Parliament regarding the budget proposed by the European Commission for the period 2028-2034. “We…
Head of the Treasury: We had two weeks of a dream from the financing perspective. It's an extremely good vibe
Romania has had two weeks of dream financing, the Fidelis and Tezaur issuances were well subscribed, and nearly 31% of internal funding represents the state titles of the population, stated…
EU Budget: Winners and Losers. Reactions to the new seven-year spending proposal
The European Commission has kicked off, on Wednesday, what will be a two-year negotiation period on the bloc’s spending plan for the seven-year period starting in 2028. The European Commission…
Analysts warn: Trump could actually impose 30% tariffs on imports from the EU
Some market analysts warn that global investors are underestimating President Donald Trump’s determination to impose new trade tariffs, despite the relatively calm reaction of European markets. Trump has announced that…
The owners of Dedeman have purchased a large chain of stores in Greece
After months of negotiations and a wave of interest that started in France and reached Sofia, the Greek chain of stores Praktiker Hellas is changing its owner. The new owner…
Ursula von der Leyen presented the EU budget of 2 trillion euros, "for a new era." Siegfried Mureșan criticizes one of the proposals and announces that the European Parliament will reject it
The President of the European Commission, Ursula von der Leyen, presented on Wednesday the new budget project of the European Union for the period 2028-2034, worth nearly 2 trillion euros,…
Euro = 6 lei and unemployment at 40%. Deputy Prime Minister: Romania risks an economic collapse scenario if it does not adopt austerity measures
Deputy Prime Minister Dragoș Anastasiu warns that Romania could have faced a severe economic crisis if it had not adopted the fiscal package requested by the European Commission by July…
The EU has the response to Trump's tariffs: A list of taxes totaling 72 billion euros, targeting airplanes, cars, food, and beverages from the USA
Aircraft, machinery, cars, chemicals, and medical devices are the main high-value items on the list of American products that the European Commission intends to impose tariffs on if discussions with…
Trump announces customs duties of 30% for the EU and says it could have been worse. Reactions from Europe
US President Donald Trump announced tariffs of 30% on goods from the European Union. Brussels and Washington were in the process of negotiating a trade agreement on this matter. The…
"No meter of new railway track." Romania pays billions for trains that don't reach the tracks
Although Romania has managed to build over 500 kilometers of highways and express roads from European funds, „not a single meter of new railway track has been built” in the…
Council Fiscal: There is no alternative to a severe correction. The budget correction package can prevent Romania's downgrade
The 2025-2026 budget correction package can avoid the downgrading of Romania’s sovereign risk, and there is no alternative to a severe correction, according to the Fiscal Council, which has published…
Fiscal package, ready "tomorrow or the day after tomorrow." It will be a mini-ordinance, including a TVA modification. We are backed into a corner
On Wednesday, the fiscal package will be finalized, which will contain all measures to reduce the budget deficit – expense cuts, investment delays, including TVA modifications. The measures will be…
Politico: Romania faces public backlash in its attempt to reduce the largest deficit in the EU
The Romanian government is preparing for a tense start to its mandate, as the drastic measures proposed to reduce the largest budget deficit in the European Union threaten to cause…