Economy news

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Sunday 08:50

A UBS survey shows that most foreign exchange reserve managers are concerned about the independence of the Federal Reserve and the deteriorating rule of law in the US.

Sources

Sunday 08:35

Air France-KLM will increase its stake in SAS to 60.5% by acquiring shares from Castlelake and Lind Invest in a deal to be completed in 2026.

Sources

Sunday 08:10

Foxconn posted record second-quarter revenue, buoyed by demand for AI solutions, but signals geopolitical and currency risks.

Sources

Sunday 07:45

For the first time in more than a decade in office, Chinese leader Xi Jinping will be absent from the BRICS summit in Brazil, delegating Li Qiang to represent China's interests

Sources

Sunday 07:35

Bulgarians are protesting in several cities against the adoption of the euro, demanding a referendum and the resignation of the government.

Sources

+1

Sunday 06:05

The OPEC+ alliance decided to increase oil production by 548,000 barrels a day in August, continuing the upward trend for the fourth consecutive month.

Sources

5 July 20:28

ANAF has to recover 84 billion lei from about 40,000 companies, most of the arrears are more than three years old

Sources

5 July 12:54

Butter prices have hit record highs due to low stocks and increased demand, particularly in Asia, affecting supply chains.

Sources

5 July 10:30

Tanczos Barna said the budget deficit of 9.3% was due to extra salaries, pensions and investments, which he considered unsustainable.

Sources

4 July 19:32

Alexandru Nazare warns that Romania is facing an excessive deficit and risks significant financial losses without the right measures.

Sources

4 July 18:14

The government led by Ilie Bolojan has sent to the Parliament the draft Austerity Law, aimed at fiscal measures to stabilize public finances and reduce the budget deficit.

Sources

+2

4 July 16:52

The 3-month ROBOR fell to 6.99%, below the 7% threshold, after the announcement of a new tax package that will increase taxes.

Sources

+8

4 July 08:24

Donald Trump plans to send letters to trading partners to announce punitive tariffs amid trade talks.

Sources

4 July 08:17

The United States has lifted restrictions on chip design software exports to China, signaling a loosening of trade relations.

Sources

4 July 08:00

14 EU governments, including Romania, are contesting Ursula von der Leyen's proposed reform of regional funds, calling for a robust budget for poorer regions.

Sources

4 July 06:47

Sorin Grindeanu calls for quick results from ANAF under the new leadership, focusing on fighting tax evasion and increasing tax collection.

Sources

+6

4 July 05:19

US Treasury Secretary Scott Bessent has announced a 10% reciprocal tariff for about 100 countries, anticipating an intensification of trade talks.

Sources

3 July 19:06

Volvo Cars and Polestar have signed an agreement to jointly produce electric cars at a new plant in Slovakia from 2027.

Sources

3 July 18:31

The Ministry of Finance has proposed to increase the additional turnover tax for banks from 2% to 4%, starting July 1, 2025.

Sources

3 July 16:53

Alexandru Nazare presented a fiscal package with a positive impact, negotiated with the European Commission, estimating revenues of 9.5 billion in 2025.

Sources

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