Economic news

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28 July 11:11

In the first quarter of 2024, the average monthly household income was 9,148 lei, and expenditures accounted for 83.8% of this total.

Sources

28 July 10:26

Samsung Electronics has won a $16.5 billion contract to produce chips for Tesla, a major step in the turnaround of its semiconductor division.

Sources

+5

28 July 09:32

Bucharest Stock Exchange opened Monday's trading with declines on most indices

Sources

28 July 05:59

The Minister of Finance, Alexandru Nazare, announces the implementation of a per-employee appraisal, starting Monday, to monitor the work of each employee.

Sources

+6

27 July 09:00

Stellantis has appointed Gilles Vidal as design director for its European brands, in charge of coordinating design strategy for Peugeot, Fiat, Citroën and Opel.

Sources

27 July 08:50

Qatar has warned it will cut off liquefied natural gas supplies to the EU unless the CSDD's law on sustainability in supply chains is amended.

Sources

27 July 08:46

Romanian President Nicușor Dan met with Austrian officials in Salzburg to relaunch bilateral relations and attract investment.

Sources

27 July 06:49

Central Bank of Russia Governor Elvira Nabiullina announced a key interest rate cut to 18% and emphasized the need for a tight monetary policy to control inflation.

Sources

26 July 13:27

The Ministry of Transport has published a project for the modernization of the DN 73C, estimated at 641 million lei, essential for traffic on the A1.

Sources

25 July 20:05

The President of Austria announced that OMV is targeting renewable energy investments in Romania, in addition to oil and gas exploitation.

Sources

25 July 12:40

Russia has announced the suspension of tariffs on exports of sunflower oil and sunflower seed oil to support local producers with a well-supplied domestic market.

Sources

25 July 11:16

President Nicușor Dan has announced the promulgation of the first fiscal package, which will come into force in August, underlining the importance of pro-Western parties taking on the government.

Sources

25 July 10:52

In 2024, agricultural output fell by 4.3%, with a significant decrease in crop production but an increase in the livestock sector.

Sources

25 July 09:02

Banca Transilvania issues RON 1.5 billion in sustainable bonds, marking a record on the Romanian banking market, maturing in 2032.

Sources

+2

25 July 08:28

St. John's Church in Brasov has installed a POS terminal for quick donations, adapting to the contemporary needs of parishioners.

Sources

25 July 06:28

Tesla reported a decline in auto sales for the second straight quarter, causing shares to fall 8%.

Sources

24 July 15:09

Dominic Fritz, president of USR, says that S&P's maintenance of the country's rating is a "respite", but Romania must continue reforms to avoid economic risks.

Sources

24 July 09:12

Noodle Pack, with nearly 40 outlets and 400 employees, has filed for insolvency due to debts of 47.9 million lei.

Sources

24 July 09:02

CFA Romania's Macroeconomic Confidence Indicator fell by 14.9 points, suggesting risks of recession and rising inflation

Sources

24 July 08:00

Elon Musk warns of risks to Tesla from the removal of tax incentives and rising costs, with the company reporting a drop in net profit.

Sources

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