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11:21, 14.02.2023

Hungary leads east EU economic slide amid war in Ukraine

Soaring inflation, higher interest rates and supply-chain snarls spurred by the war in Ukraine probably pushed most of the European Union’s biggest eastern economies into contraction at end-2022, with Hungary leading…




11:21, 08.11.2022

EU dims hopes for a price cap to contain soaring gas costs

The European Union’s executive signaled it does not see a price cap on imported natural gas as the best tool to rein in an unprecedented energy crisis and instead suggested a plan that would spread the soaring…




20:05, 28.10.2022

Real average wage expected to drop 2 percent amid soaring inflation

The average gross wage is expected to increase by 10.6 percent this year to 6,120 RON, but amid soaring inflation, the real wage will probably drop by about 2 percent, shows the autumn version of the 2022 - 2026…




12:40, 09.09.2022

EU countries seek solutions to soaring energy prices due to Ukraine crisis

European Union energy ministers met on Friday to seek agreement on ways to shield citizens from sky-high energy prices and prevent power utilities from collapsing as Russia has gradually turned off gas supplies…




23:50, 31.03.2022

AgriMin Chesnoiu: 'Fertilizers market has been hit hard by soaring gas prices'

The fertilizers market has been hit hard by the soaring gas prices, and counteracting solutions are now being sought, Minister of Agriculture and Rural Development Adrian Chesnoiu said during his official visit…




12:35, 15.02.2022

One-third of entrepreneurs in Romania laying off people; 8pct close down amid soaring energy bills

More than 34% of entrepreneurs in Romania say they are downsizing their workforce due to soaring electricity and gas bills, and 8% are shutting up shop, according to a survey conducted by the National Council of…




13:41, 06.10.2021

Soaring energy prices climb up EU’s political agenda

The European Union said on Wednesday it would scrutinise its power market design and consider proposals to revamp EU regulation, as the bloc seeks to keep its plans to tackle climate change on track amid record-high…