The European Central Bank (ECB) obtained key support from the European Parliament (EP) on Tuesday for the launch of a digital euro, an electronic payment method intended to make 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.
Heatwave puts Europe's power grids under strain. Countries with the highest blackout risk
Europe is going through the third major heatwave of the year, and the extreme temperatures are affecting not only the population’s health and transportation but also putting increasing pressure on…
Oil prices are falling after the US-Iran deal. So why aren't airfares coming down too?
Airlines worldwide could save tens of billions of dollars following the drop in oil prices triggered by the recent agreement signed by the US and Iran. However, for passengers, the…
Ukrainian biotech firm Biopharma to open Romania plant by late 2027
Ukrainian company Biopharma Plasma plans to start production at its new factory in Arad by the end of 2027. Biopharma Plasma is the largest producer of plasma-derived medicines in Eastern…
Romania is the only EU country where diesel has become more expensive in May compared to April
The prices of fuels and lubricants for personal transport in the European Union increased by 20.7% in May 2026 compared to the same period in 2025, following a 20.8% rise…
Romanians Bought Over $15 Million Worth of SpaceX Shares, Ranking Third Globally via XTB
Romanian investors have purchased shares of Elon Musk’s company worth $15.27 million through the XTB broker, from the Friday listing debut until Tuesday inclusive, according to company data. Romania ranks…
Radu Miruță blocks TAROM and CFR Călători budgets: "I will not sign off on 2 plus 2 equaling 10"
Interim Minister of Economy and Transportation, Radu Miruță, did not approve the budget projects of TAROM and CFR Călători, citing unrealistic estimates that could lead to further losses for the…
Gold is coming home: more central banks repatriate reserves amid rising geopolitical tensions
More and more central banks choose to bring their gold back to their country and reduce their dependency on major international financial centers, against the backdrop of deteriorating geopolitical climate…
After the shock of the Iran war, the world could face an oil glut by 2027
The global oil market could undergo a radical change in the next two years. After the shock caused by the war between Iran and the USA-Israel alliance, which significantly reduced…
ANRE announces new gas distribution tariffs: some Romanians will pay less, others more
The National Energy Regulatory Authority (ANRE) has approved the new tariffs for natural gas distribution, which will come into effect on July 1. For the majority of consumers, this measure…
Mintia, the EU’s largest gas-fired power plant, passes first grid interconnection test
The Mintia thermal power plant, the future largest gas-fired power plant in the European Union built on a single site, has successfully passed the initial tests for connection to the…
The annual inflation rate rose to 10.9% in May
The annual inflation rate rose to 10.9% in May, according to data from the National Institute of Statistics. In April 2026, the annual inflation rate reached 10.7%. The highest price…
Trump: "I like inflation" as US inflation hits a three-year high; Democrats accuse him of mocking Americans' problems
Inflation in the United States accelerated in May to 4.2% on an annual basis, the highest level in the past three years, driven by the rising cost of energy and…
Historic shift in the US: solar power overtakes coal in electricity generation
Solar energy surpassed coal in electricity production in the United States in May. It is the first time that, over the course of a month, solar energy has exceeded one…
"Banks knew since Friday": Chirițoiu explains why the ROBOR decision was made public only on Sunday
Banks sanctioned in the ROBOR case found out about the Competition Council’s decision as early as Friday, two days before it was publicly announced. The President of the institution, Bogdan…
The ROBOR scandal: 10 banks fined nearly €710 million as banks challenge Competition Council decision
The Competition Council has fined 10 banks a total of 3.73 billion lei, equivalent to approximately 710 million euros, for breaching competition rules in the process of setting the ROBOR.…
First fuel price cut after a week-long pause. Here's how much gasoline and diesel cost now
After nearly a week during which fuel prices remained unchanged, drivers receive good news: gasoline and diesel are getting cheaper in the Rompetrol network. The reduction comes after a period…
Revolut plans Bucharest headquarters and 130 new hires as its Romanian customer base reaches 4.8 million
Revolut is preparing for a significant expansion in Romania and is looking for a central headquarters in Bucharest. The company is analyzing several office buildings in the Capital for renting…
The Rich Get Richer: Millionaire Numbers and Fortunes Jump in 2025
The number of millionaires worldwide and their wealth continued to grow in 2025, reaching new records, driven by the strong performance of the stock market and a decrease in inflation.…
The Trump administration is proposing a 25% tariff on imports from Brazil
The administration of President Donald Trump has proposed the introduction of a 25% tariff on products imported from Brazil, after the United States Trade Representative (USTR) concluded that this country…