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…
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.
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…
Spain exceeds all expectations: It is the champion of economic growth in the eurozone
Spain has achieved a rare victory in the financial markets, after Fitch and Moody’s followed S&P’s example and improved the country’s ratings, against the backdrop of an economy that continues…
When will energy bills start to decrease. Announcement from the Government
Prime Minister Ilie Bolojan stated that energy bills should decrease starting from the second half of 2026. He explained that this will be possible with the introduction of energy storage…
How Bolojan convinced the European Commission to accept a deficit of 8.4%
Prime Minister Ilie Bolojan explained on Monday evening that the most important thing is to tell partners the truth, whether it’s the European Commission, investors, rating agencies, or citizens, and…
Viktor Orban refuses to give up Russian gas and oil: Our economy would be on its knees
Prime Minister Viktor Orban stated on Friday that Hungary will continue to source fossil fuels from Russia, despite the requests of American President Donald Trump. Orban said he conveyed to…
Great news for drivers: Starting next year, you will be able to drive on the highway from Bucharest to Pașcani, covering a distance of 390 kilometers
Work on the Moldova Highway is progressing rapidly, and if the current pace is maintained, it will be possible to drive on the highway from Bucharest to Pașcani, covering 390…
The melting of the Arctic ice allows China to test a new commercial route to Europe
A Chinese company is preparing to send a cargo ship along the northern coast of Russia to Europe – a test run made possible by the melting ice and accelerating…
Slovakia and Hungary oppose Trump's attempt to stop imports of oil and gas from Russia
Slovakia and Hungary have signaled that they will resist pressures exerted by US President Donald Trump to reduce imports of Russian oil and gas until the European Union member states…
The Minister of Energy is negotiating with the European Commission the postponement of the closure of coal-fired power plants: The price of energy will increase and thousands of people will be left without jobs
The Minister of Energy, Bogdan Ivan, announced on Wednesday evening that he is negotiating with representatives of the European Commission to convince them to postpone the deadline for closing coal-fired…
Americans say that Romania will have the largest wheat harvest in the last 10 years by 2025
Romania is expected to record this year the highest wheat production in the last decade, according to the latest forecast from the US Department of Agriculture (USDA). The estimates indicate…
Economist Ionut Dumitru discusses the chances of Romania avoiding a recession. Deficit over 8% this year, confirmed by Bolojan
Economist Ionuț Dumitru, honorary advisor to Prime Minister Ilie Bolojan, believes that the available economic data show that Romania could avoid a recession. “As an economist, I avoid giving very…
Crisis in the separatist enclave: the war in Ukraine shakes the economic system dominating Transnistria
A cognac factory. A prominent football team. Supermarkets. Gas stations. Banks. A textile factory. A television station. A hotel. A mobile phone network. A casino. A caviar and sturgeon farm.…
Moody's confirms Romania's rating at "Baa3", and the outlook remains negative
Rating agency Moody’s has confirmed Romania’s rating at „Baa3” on Friday, with the outlook remaining negative. The decision to maintain the negative outlook reflects significant implementation risks related to the…
IMF lowers forecast: Only 1% economic growth for Romania in 2025. What is the most important risk
The International Monetary Fund (IMF) has concluded its consultation mission in Romania with more reserved forecasts than in the spring. The institution’s experts have revised downward the economic growth estimates,…
The increase in VAT has pushed inflation up to nearly 10%
The VAT increase pushed inflation to nearly 10% in August, announced the National Institute of Statistics. The annual inflation rate in August 2025 compared to the same period of the…