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.…
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 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.…
The city in Romania that will have a port on the Danube and the Black Sea again: 300 jobs and strategic investments
After decades of economic isolation, Sulina is preparing to become an active port on the Black Sea again. Two infrastructure projects carried out by the Sulina Free Zone Administration (AZL)…
How soy became Xi's strongest weapon against Trump
China, the world leader in soybean imports, has stopped buying crops from the US to put pressure on Trump ahead of a trade-focused meeting with Xi Jinping. The beginning of…
The EU member states have approved the ban on the import of Russian gas
Energy ministers from the European Union have agreed on a common position regarding plans to ban all gas deliveries from Russia by the end of 2027. The decision comes as…
Several American banks are being sued for allegedly manipulating the base interest rate for lending for over 30 years
JPMorgan Chase, Bank of America, Wells Fargo, and other major American financial institutions are facing a new class-action lawsuit, accused of conspiring to manipulate the prime lending rate in the…
Over 500 public institutions have debts to the budget
The National Agency for Fiscal Administration (ANAF) announced on Friday that it will send official notifications to institutions and public authorities that have not paid their tax obligations by August…
IMM Romania proposes freezing the gross minimum wage for the country for the year 2026
IMM Romania, a representative national employers’ confederation, is requesting the maintenance of the current gross minimum wage at 4,050 lei and in 2026, warning that an increase could lead to…
Kiev could become the new Silicon Valley. A European fund of 50 million euros supports Ukrainian startups
In the midst of war, Ukraine is rebuilding its future through innovation. Two veterans of the local tech scene, Charles Whitehead and Dominique Piotet, are launching the Ukraine Phoenix Tech…
Germany invests heavily in Romania: 18 billion euros and common development plans
Germany remains Romania’s most important trading partner and the main foreign investor, said Foreign Minister Oana Țoiu on Tuesday after meeting with her German counterpart, Johann David Wadephul, who was…
Inflation remained below 10% in September. What has become more expensive the most
The annual inflation rate in September 2025, compared to the same period of the previous year, was 9.88%, according to data from the National Institute of Statistics. The highest price…
Trump's post that crashed the stock markets: $2 trillion wiped off Wall Street
A single social media post was enough to wipe out $2 trillion from the American market capitalization on Friday after President Donald Trump threatened China with new huge import tariffs,…
How European allies of Ukraine fuel Russia's war economy. Romania is among them, Reuters reports. The reaction of the Ministry of Energy
European nations, including France, are among the staunchest supporters of Ukraine in the fight against Russia. However, several of them have increased their imports of Russian energy, pumping billions of…
Putin's wartime economy stumbles: Russia's industrial titans lay off workers
Major Russian companies are trying to cut costs by shortening the workweek, sending employees on unpaid leave, or by laying them off. In several sectors, cost-cutting measures have been attempted…
Optimism in Finance ahead of S&P's decision on Romania's rating: We will prove that we keep our word
Romania is awaiting a crucial decision from the S&P rating agency on Friday evening, and Finance Minister Alexandru Nazare says he is optimistic about maintaining the current rating. „Tomorrow evening…
Saved by Ukrainian steel: ArcelorMittal Hunedoara restarts furnaces, and the 470 employees return to work
The ArcelorMittal steel plant in Hunedoara will resume its activity starting from November 1, and the approximately 470 employees have been called back to work, announced the president of the…
The high quality of life in Europe is becoming increasingly difficult to sustain. France is sinking, Germany is staggering
The cost of the European way of life, with health insurance, accessible education, and a decent pension for all, through high social expenses, becomes unbearable. In France, as the national…
Gold has reached a record level after the U.S. blockade
The price of gold reached a new record level on Wednesday, after an orderly shutdown of Government activities began in the United States, which will also cause the postponement of…