The poverty rate in Germany rose in 2025 to a record level of 16.1%, which means approximately 13.3 million people classified as poor, according to a report published on Tuesday…
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.
Contract signed for a new section of the Union Highway, a nearly 4 billion lei project financed through SAFE
A significant step forward in the construction of the Union Highway (A8) was taken on Friday, as the National Company for Road Infrastructure Investments (CNIR) signed the contract for the…
IEA Chief Warns EU Against Easing Russia Sanctions as US and UK Loosen Restrictions
The European Union would make „a major mistake” if it were to relax sanctions on Russian energy, warns the director of the International Energy Agency (IEA), Fatih Birol. The US…
Romanians living abroad can receive up to €200,000 to start businesses in the country
Romanians living abroad who want to start businesses in Romania will be able to receive grants of up to 200,000 euros through a new program launched by the Ministry of…
ECB warns of the risk of a global financial crisis as the Iran war and trade tensions threaten to destabilize the economy
The European Central Bank warns that the global economy is entering a period of high risk, in which the conflict between the US and Iran, global trade tensions, and the…
France to mint gold investment coins for first time since the 19th century
France will once again issue solid gold coins for investment, for the first time in over a century, at a time when gold is becoming increasingly sought after amid geopolitical…
Romania’s budget deficit has been cut by more than half. Finance officials speak of a “change in trajectory”
Romania’s budget deficit has been reduced to less than half in the first four months of 2026 compared to the same period last year, while investments supported by European funds…
Diesel is now cheaper than gasoline. What’s happening on the fuel market
The price of diesel has dropped below that of gasoline at some gas stations in Romania, a rare occurrence in the local fuel market and a first recorded after the…
Poland is being invaded by drivers from neighboring countries who come to fill up with subsidized fuel
The Polish government’s program to cap fuel prices at the pump is attracting drivers from neighboring countries to cross the border and refuel with some of the cheapest gasoline in…
Ilie Bolojan revisits the Doicești reactors controversy: “The project has issues that we cannot deny”
Interim Prime Minister Ilie Bolojan revisited on Friday the controversy surrounding the small modular reactors (SMR) project in Doicești and argued that the investment raises real issues that cannot be…
ANAF tests “robot” assistants at service counters. Taxpayers could interact with digital terminals similar to those in airports
The National Agency for Fiscal Administration (ANAF) is preparing a pilot digitalization project where individual taxpayers would interact at counters with digital terminals and virtual assistants, following the model of…
ANRE takes over Bolojan’s plan against the “smart guys” in energy: What changes for speculative projects
The National Energy Regulatory Authority (ANRE) approved on Thursday a set of new rules aimed at eliminating speculative energy projects – those investments announced „on paper,” which reserve network capacity…
Green light for the Brașov-Făgăraș highway: The project includes 49 bridges and wildlife crossings
The National Company for Road Infrastructure Management (CNAIR) approved on Thursday the feasibility study for the Brașov – Făgăraș Highway, a project estimated at 7.74 billion lei without VAT, which…
Energy expert explains why Bolojan is right in the Doicești scandal: We will all pay for the costs of the SMR plant
Energy and infrastructure public policy analyst Ana Otilia Nuțu believes that interim Prime Minister Ilie Bolojan is right to question the small modular reactors (SMR) project at Doicești. The expert…
Temporary agreement between the EU and the US to avoid new tariffs
The European Union reached a provisional agreement on Wednesday regarding the implementation of the trade pact with the United States, paving the way to avoid new tariffs threatened by American…
Bolojan: The Doicești reactor project has “serious problems” and risks failing to recover the money invested
Interim Prime Minister Ilie Bolojan criticized once again, on Wednesday evening, the project of small modular nuclear reactors (SMRs) at Doicești, carried out in partnership with an American company, stating…
The government is considering extending the cap on commercial markups for basic food products beyond June 30
Vice Prime Minister Tánczos Barna, interim Minister of Agriculture, says that capping the commercial markup on basic food items should be extended beyond June 30, given the high inflation and…
Romania’s Recovery Plan Implementation Surpasses 60%, With €10 Billion Still to Be Secured
The implementation level of the National Recovery and Resilience Plan (PNRR) has exceeded 60% after the approval of payment request number 4, amounting to 2.62 billion euros, announced the Government…
Mugur Isărescu rules out new taxes and says Romania is not on the brink of insolvency
Governor Mugur Isărescu sent a strong message on Tuesday to the future Government: Romania does not need new taxes, but nor does it need tax cuts, at a time when…
Warning in the energy sector: “New smart guys” will emerge, and prices will remain high
Romania risks turning energy storage into a new speculative business instead of using it to reduce prices and increase energy security, warns Dumitru Chisăliță, president of the Intelligent Energy Association…