The High Court of Cassation and Justice (ÎCCJ) has definitively ruled that the National Agency for Fiscal Administration (ANAF) must reimburse OMV Petrom the amount of 435.6 million lei, representing…
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.
Over 200 hotels in Romania have joined the European process against Booking.com
110 hotel operators from Romania, representing over 200 hotels, have already joined the European collective process against the Booking.com platform, accused of price fixing and imposing abusive commissions. The hoteliers…
European brands are resorting to an obscure customs clause to mitigate the impact of tariffs imposed by Trump
Renowned European companies are analyzing the use of a little-known American customs clause called the „First Sale” rule to mitigate the effects of the new trade tariffs imposed by President…
The translation of the text is: AI Stars, "hunted" like sports celebrities: Young people negotiating salaries of 250 million dollars
Artificial intelligence specialists approach the job market as if it were an NBA star, like LeBron James. They seek advice from their entourage and play hardball with those offering more…
Economist: There are too few children in Germany, people should retire at the age of 69
Germans should stay longer in the workforce to protect the pension system and support growth, economist Martin Werding stated, as reported by dpa on Saturday. Despite the unpopularity of requests…
How China took electric cars, lithium batteries, and solar panels from America's hands
China dominates the global market for green technologies such as electric vehicles, batteries, and solar panels. And these technologies have something in common: they were all invented in the United…
Blockage in the approval of American exports: Thousands of requests are left hanging due to bureaucratic chaos
Tens of thousands of license requests for exports by American companies, including to China, are blocked due to dysfunctionality within the government agency responsible for approval. The Bureau of Industry…
7 American Products Manufactured in Europe That Will Be Hit by Trump's Tariffs
The tariffs imposed by Donald Trump aim to increase American production and promote a sense of „local for locals.” However, many American products are actually „Made in Europe.” The U.S.…
Taken out of the National Recovery and Resilience Plan, highways A7 and A8 have been saved
The Minister of European Funds, Dragoș Pîslaru, announced that the A7 and A8 highways will not be abandoned, despite no longer being included in the National Recovery and Resilience Plan…
Trump desperately needed a deal with the EU. He got almost everything he wanted
After endless discussions about trade, the Trump administration needed a significant victory. It seems they have just achieved one. For months, President Trump’s inclination to exaggerate the speed at which…
The Romanian state is preparing subsidies of hundreds of millions of euros for geothermal energy
The Romanian state is preparing a state aid scheme worth hundreds of millions of euros for geothermal energy production and transport projects for centralized heating or cooling, using funds from…
US-EU tariffs: Merz welcomes the agreement, but the German industry trembles. Italy remains cautious, opposition in France criticizes the deal
German Chancellor Friedrich Merz welcomed on Sunday the trade agreement between the United States and the EU, which includes a 15% tariff on European exports, but the industry of the…
EU's response to Trump's trade war: 93 billion euros on American products
EU leaders have approved a scheme to introduce customs duties worth 93 billion euros on American products. The scheme will be implemented starting from August 7, if negotiations with Donald…
Romania narrowly avoids "junk" downgrade. S&P warning on inflation, public debt, and Bolojan's departure
The financial rating agency Standard & Poor’s (S&P) has confirmed Romania’s sovereign rating at „BBB-/A-3” for both long-term and short-term debt, in both local and foreign currency. The maintained rating…
Who are the experts recruited by the Government for the reform of state-owned companies: We do not manipulate anything
Economist Iancu Guda clarifies who the experts co-opted by Deputy Prime Minister Dragoș Anastasiu are in an advisory council dedicated to the reform of state-owned companies and what the mission…
"They stole the entire building!" Radu Miruță accuses a real estate fraud tolerated for 18 years in the Ministry of Economy
The Minister of Economy, Radu Miruță, claims to have discovered a situation of „theft of the entire building.” In a Facebook post, Miruță says he learned how a 1,500 square…
Romania had the largest government deficit in the EU in the first quarter
The seasonally adjusted government deficit has decreased, both in the European Union and in the euro area, in the first quarter of this year compared to the last quarter of…
The European Union is preparing a plan of retaliation as the United States' position radicalizes
EU representatives are set to meet this week to finalize a set of response measures in case no trade agreement is reached with the Trump administration, whose negotiating position on…
Minister Țoiu: EU budget is a challenge for Romania. One bad news and one good news
The Minister of Foreign Affairs, Oana Țoiu, stated that Romania supports the position of the European Parliament regarding the budget proposed by the European Commission for the period 2028-2034. “We…
Head of the Treasury: We had two weeks of a dream from the financing perspective. It's an extremely good vibe
Romania has had two weeks of dream financing, the Fidelis and Tezaur issuances were well subscribed, and nearly 31% of internal funding represents the state titles of the population, stated…