Economic news

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23 July 08:16

Russian carmaker Avtovaz may introduce a four-day working week from September amid falling sales and competition from Chinese manufacturers

Sources

23 July 07:27

Oil prices fell on Tuesday for the third day in a row, amid diminishing hopes for a US-EU trade deal that could hurt the global economy

Sources

23 July 07:00

Lockheed Martin posted a loss of $1.6 billion in the second quarter of the year, leading to an 80% drop in profit and a more than 8% drop in shares

Sources

23 July 06:48

Deputy Prime Minister Dragoș Anastasiu emphasized the need to list at least three companies on the stock exchange in order to comply with the obligations of the PNRR: "Ideally, we should reform, make the companies more efficient and list them at a time when we can get more money. But don't ask me which companies will be listed because that decision has not yet been taken"

Sources

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23 July 06:28

US Treasury Secretary Scott Bessent suggests the deadline for trade tariffs on China could be extended following the Stockholm meeting.

Sources

22 July 20:38

The Bank of England has called on the banking industry to accelerate innovation in payments, while assessing the need for a central digital currency (CBDC).

Sources

22 July 20:16

266 public enterprises in Romania have generated losses of 2.5 billion lei, with seven companies making losses of two billion, despite the subsidies they received.

Sources

22 July 19:03

Household spending on services fell by 0.7% in the first five months of 2025, with notable declines in tourism and gambling.

Sources

22 July 18:43

The European Union could activate the Anti-Coercion Instrument in response to Trump's threats of 30% tariffs on EU imports.

Sources

22 July 18:21

Prime Minister Ilie Bolojan and Deputy Prime Minister Dragoș Anastasiu have announced measures to streamline state-owned companies, including legislative changes and reducing the number of members on the Boards of Directors.

Sources

22 July 18:03

Bosch will lay off up to 1,100 employees and shift the Reutlingen plant's focus to semiconductors due to falling sales.

Sources

22 July 14:48

Cernavodă City Hall has signed a contract worth 1.7 million lei to organize the City Days, despite the austerity measures discussed at central level.

Sources

21 July 19:37

Romania's public debt reached RON 1.013 trillion in April, representing 56.6% of GDP, up from 55.8% in March.

Sources

21 July 19:22

The Bucharest Stock Exchange recorded a generalized decrease of the indices, with total transactions amounting to 57.41 million lei.

Sources

21 July 18:59

Michael McGrath, EU justice commissioner, expressed serious concerns about dangerous products sold on Shein and Temu, urging urgent action.

Sources

21 July 17:55

Stellantis reported expenses of €3.3 billion, announcing program cancellations and a drop in sales, especially in the US.

Sources

21 July 17:37

Treasury Secretary Scott Bessent has called for an evaluation of the US Federal Reserve, emphasizing the need to review the institution's performance.

Sources

21 July 15:55

PSD President Sorin Grindeanu opposes the suspension of investments and demands a detailed analysis of each project, warning of the economic risks.

Sources

21 July 15:22

Romanian entrepreneur Frank Timis controls the Tanbreez project in Greenland, a key rare metals deposit in a post-carbon era.

Sources

21 July 13:39

Romania's public debt increased by 4.1 pp in Q1 2023, reaching 55.8% of GDP, surpassed only by Poland.

Sources

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