After months of negotiations and a wave of interest that started in France and reached Sofia, the Greek chain of stores Praktiker Hellas is changing its owner. The new owner…
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.
Ursula von der Leyen presented the EU budget of 2 trillion euros, "for a new era." Siegfried Mureșan criticizes one of the proposals and announces that the European Parliament will reject it
The President of the European Commission, Ursula von der Leyen, presented on Wednesday the new budget project of the European Union for the period 2028-2034, worth nearly 2 trillion euros,…
Euro = 6 lei and unemployment at 40%. Deputy Prime Minister: Romania risks an economic collapse scenario if it does not adopt austerity measures
Deputy Prime Minister Dragoș Anastasiu warns that Romania could have faced a severe economic crisis if it had not adopted the fiscal package requested by the European Commission by July…
The EU has the response to Trump's tariffs: A list of taxes totaling 72 billion euros, targeting airplanes, cars, food, and beverages from the USA
Aircraft, machinery, cars, chemicals, and medical devices are the main high-value items on the list of American products that the European Commission intends to impose tariffs on if discussions with…
Trump announces customs duties of 30% for the EU and says it could have been worse. Reactions from Europe
US President Donald Trump announced tariffs of 30% on goods from the European Union. Brussels and Washington were in the process of negotiating a trade agreement on this matter. The…
"No meter of new railway track." Romania pays billions for trains that don't reach the tracks
Although Romania has managed to build over 500 kilometers of highways and express roads from European funds, „not a single meter of new railway track has been built” in the…
Council Fiscal: There is no alternative to a severe correction. The budget correction package can prevent Romania's downgrade
The 2025-2026 budget correction package can avoid the downgrading of Romania’s sovereign risk, and there is no alternative to a severe correction, according to the Fiscal Council, which has published…
Fiscal package, ready "tomorrow or the day after tomorrow." It will be a mini-ordinance, including a TVA modification. We are backed into a corner
On Wednesday, the fiscal package will be finalized, which will contain all measures to reduce the budget deficit – expense cuts, investment delays, including TVA modifications. The measures will be…
Politico: Romania faces public backlash in its attempt to reduce the largest deficit in the EU
The Romanian government is preparing for a tense start to its mandate, as the drastic measures proposed to reduce the largest budget deficit in the European Union threaten to cause…
The global economy is on the brink of a new crisis: This trend cannot continue
The global economy is facing increasing risks, warns the Bank for International Settlements (BIS). Trade tensions, geopolitical crises, and vulnerability to shocks indicate „a new era of uncertainty and unpredictability,”…
Romania, a poor country. We have the cheapest food in the EU, but also among the lowest incomes
Romania remains one of the cheapest countries in the European Union. With prices 36% below the EU average, our country is surpassed only by Bulgaria, where goods and services are…
Premiere in Bulgaria: The sun has produced more energy than the country has consumed
Bulgaria achieved an absolute first in the energy sector on June 20, 2025: for the first time, solar energy produced in a specific time frame exceeded the national electricity consumption.…
The progressive tax could bring in an additional 12 billion euros to the budget, estimates the European Commission. Who would lose
The European Commission estimates that transitioning to a progressive income tax system would bring an additional 11.8 billion euros to Romania’s budget. Implementing a progressive tax with three brackets –…
Three quarters of Romanians do not trust that the state will spend their taxes properly
Three-quarters of Romanians do not believe that the money from the new taxes will be managed efficiently. Before any tax increase, the population demands the cutting of privileges and the…
Premiere for Hidroelectrica: Photovoltaic panels on a lake
Hidroelectrica will have photovoltaic panels on a lake in Olt County, Romania. Hidroelectrica has signed the contract for the implementation of the „Nufărul Pilot Project,” which aims to build the…
Codirlașu (CFA Romania): The economy will grow modestly. A recession scenario for this year is not excluded
CFA Romania analysts anticipate modest economic growth this year, but do not rule out a recession scenario, amid uncertainty, especially fiscal, stated Adrian Codirlasu, the president of the CFA Romania…
Romania becomes a NATO production hub through a project with the US and General Dynamics
Romania will become a strategic hub in the production of NATO-compatible ammunition with the establishment of the NATO Ammunition Excellence Center in Dragomirești, Dâmbovița County. The announcement was made on…
How Israel-Iran attacks could impact the global economy
The Middle East is the most important oil-producing region in the world and a major center for maritime trade. Its waterways are a critical artery for cargo ships transporting oil…
Fitch: Nicușor Dan's victory does not save Romania from fiscal collapse
Romania risks losing its recommended sovereign investment rating if it fails to significantly reduce the budget deficit and stabilize public debt, warns the financial rating agency Fitch. The deficit reached…
The ruble defies the crisis and sanctions: It has become the most performing currency in the world in 2025
In a geopolitically tense context and with low oil prices, the Russian ruble has surprised international markets, becoming, according to Bank of America, the best-performing currency in the world in…