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Economics&Markets
Popa: Energy prices have been passed on in foods, NBR tries to counterbalance the effects
Energy prices have been transmitted to food, while services have felt less shocked, being less energy intensive, but the NBR…
INS: Natural gas and fuel have become more expensive in the last year
Natural gas, fuels, potatoes and oil have become more expensive in the last year, while the only reduction has been…
World Bank estimates that Romania’s economy will grow modestly by 1.9% in 2022
Romania’s economy will grow modestly by 1.9% in 2022, as the risks from the Ukraine crisis are high, the World…
NBR decided to increase the key-interest rate at 3%, estimates a further rise in prices
The Board of the National Bank of Romania, having convened for the meeting of 5 April 2022, decided to increase…
Filip Thon: Consumers need to prepare for dramatic price increases
German consumers must prepare for dramatic price increases if the European Union bans Russian gas, E.ON Germany Utility Group CEO…
Germany could enter a severe recession, in the event of a halt of deliveries from Russia
Germany could face a severe recession if there is a halt to gas and oil supplies from Russia, Christian Sewing,…
Under the pressure of an anachronistic conflict
Against the background of an unstable macroeconomic context, Romania will most likely enter a technical recession or a period marked…
EY: More than 18 bln. euro, available through PNRR and the Modernization Fund
In the period 2022-2030, the European Union will allocate significant sums for investments in renewable energy production and storage capacities,…
Gentiloni: Romania’s economic growth will be negatively affected by the war in Ukraine
The effects of the war in Ukraine on the European economy cannot be quantified yet, but it is clear that…
Ukraine: IMF, EBRD and the World Bank are drawing attention to the “far-reaching” consequences for the world economy
Several international economic organizations, such as the European Bank for Reconstruction and Development, the International Monetary Fund and the World…
Purcărea, CFA Romania: Economic growth halves due to the conflict in Ukraine
Romania’s estimated economic growth for this year is of between 2% and 2.5%, compared to 4% three weeks ago, before…
Romania: EUR 907 mln. – EIB Group engagement in 2021
Last year the European Investment Bank Group provided EUR 907 million for new investments across Romania. The EIB Group’s engagement…
Suciu: Inflation has reached 8.5% in Romania, but it is a global phenomenon
Inflation rose in February 2022 in Romania as well, reaching 8.5%, but it is a general global phenomenon and the…
EU could sell bonds to fund Member States’ defense and energy spending
The European Union will present a plan this week that provides for the large-scale joint issuance of bonds to finance…
Fitch and Moody’s downgrade Russia’s rating by six steps to junk
Financial rating agencies Fitch and Moody’s downgraded Russia’s rating by six notches to “junk” (not recommended for investment), saying Western…
Western firms head for the exit in Russia as sanctions tighten
Energy giant BP, global bank HSBC and the world’s biggest aircraft leasing firm AerCap joined a growing list of companies…
Crude oil futures surged more than 6% to above $97 a barrel
Crude oil futures surged more than 6% to above $97 a barrel in the early trading on Monday in Asia…
The 3-month ROBOR index has risen to its highest level in nine years
The 3-month ROBOR index, according to which the cost of most loans is calculated, rose on Friday to 3.78% per…
Elisei, Deloitte: I don’t see taxonomy as good news, but as an alarm signal
The EU taxonomy is rather an alarm signal, as it announces the last days of unsustainable investments, says Sorin Elisei,…
NBR: Inflation will exceed 11% in June, amid rising energy prices
The annual inflation rate is expected to sharply increase in the second quarter of 2022, to 11.2% in June, compared…
Economy Ministry announces new policies for the production of electric cars in Romania
The Ministry of Economy is considering the elaboration of public policies for the development of the electric and hybrid car…
AHK Romania urges the Government to urgently amend the measures of GEO 118
The energy crisis requires targeted solutions instead of general measures that can lead to discriminatory treatment among the population, but…