The Turkish manufacturer Otokar and Romtehnica company have signed a multi-year contract worth 4.26 billion lei (approximately 857 million euros without VAT) for the supply of 1,059 armored tactical 4×4…
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.
A boulevard in Romania climbs into the top of the world's most expensive commercial streets
An artery in Bucharest has climbed two positions in the ranking of the most expensive commercial destinations in the world, in the latest report „Main Streets Across the World,” conducted…
An American military giant will produce batteries in Oradea
Lockheed Martin and the Romanian company Sinteza S.A. signed a letter of intent on Wednesday for the construction of a GridStar Flow battery factory in Oradea, with zero carbon emissions,…
ING Bank has blocked in court the order that obliges it to recalculate the interest rates on tens of thousands of loans. The bank cites immense costs and nearly 300,000 hours of work
The National Authority for Consumer Protection considers that ING Bank Romania has forced clients to pay two interest margins, asking the bank to eliminate one of them and to refund…
Amazon is closing its AI department in Romania - 400 people laid off
Amazon is closing its Machine Learning department in Romania. And starting from January 1st, around 400 people will be laid off. „Negotiations are currently underway regarding the amount of compensation…
Customs duties on US imports: Scenarios in which Europe will suffer more than China
Donald Trump has promised to impose taxes on imported goods, a key element of his economic agenda for a second presidential term. China will suffer the most, but other countries,…
Why train travel in Europe is more complicated and expensive, even though people want to give up flying
Across the continent, it is cheaper and easier to travel by plane than by train, which poses a problem for an increasing number of people who wish to travel sustainably.…
The inflation in Romania is the highest in the EU for the eighth consecutive month
The annual inflation rate in the European Union rose in October to 2.3%, from a level of 2.1% in September. Romania, for the eighth consecutive month, is the country with…
Romanians pay interest rates on loans almost double compared to rest of Europeans. What is the explanation
Romanians pay loan installments with annual effective interest rates almost double compared to many European countries. According to Eurostat data, the average annual effective interest rate on mortgage loans in…
100 million euros from the state for the tire factory in Oradea, which will be unique in the world
The Romanian Government approves, on Thursday, a state aid of nearly 100 million euros for the factory built by Nokian Tyres in Oradea. „The most important project today is the…
The effects of Trump's victory: Stock market increases in Europe and Asia, the dollar strengthens, Bitcoin has reached a historical high
The main stock markets in Europe started Wednesday’s trading session on the rise after Donald Trump claimed victory in the US presidential election. Stocks are rising on European exchanges as…
Who are the billionaires who received the largest subsidies from the EU
The European Union has granted huge subsidies for agriculture to companies owned by several billionaires between 2018 and 2021. At least 17 billionaires were the ultimate beneficiaries of the 3.3…
The Ministry of Finance wants to borrow nearly 6.5 billion lei from banks this month. What will it do with the money
The Ministry of Finance (MF) has planned, in November 2024, loans from commercial banks amounting to 5.7 billion lei, to which the sum of 795 million lei can be added…
The builder of the most expensive section of the Transylvania Highway has been designated: The stretch will feature the longest tunnel on a highway in Romania
The most expensive road infrastructure contract in Romania has been awarded to the Turkish consortium Makyol Insaat Sanayi Turizm VE Ticaret AS – Ozaltin Insaat Ticaret VE Sanayi AS. This…
Romanians who have life insurance will be reported to the tax authorities
Starting from January 1st, insurance companies will have to report to the Romanian tax authorities (ANAF) data regarding individuals in Romania who have taken out life insurance policies or similar…
Burduja assures that the prices on bills will not be higher than last winter
Gas and electricity prices will not be higher this winter compared to the previous similar period, stated the Minister of Energy, Sebastian Burduja, at the Palace of Parliament on Monday.…
Burduja announces that, for the first time, Romania has become the largest gas producer in the European Union
The Minister of Energy, Sebastian Burduja, announces that for the first time, Romania has already become the largest producer of gas in the European Union. „For the first time, Romania…
Marcel Ciolacu announces that the property tax will remain the same in 2025
Prime Minister Marcel Ciolacu announced on Wednesday, during the Government meeting, that next year, Romanians will pay the same property taxes, the decision being to postpone the application of the…
The European Commission has accepted a postponement: Romania must come up with a plan to reduce the deficit by January
The European Commission has agreed with Romania on extending the deadline until January 31, 2025 for the country to submit its budget deficit reduction plan.„Given that we have not yet…
Romania buys 58 new electric trains that will connect 13 major cities
Romania will purchase 58 new electric trains. The investment of 3.3 billion lei from European funds is subject to approval at Wednesday’s Government meeting. The announcement was made by Prime…