English Section

15 septembrie 2025
Photo source: rosatom.ru/en

Russia defies EU: Rosatom continues Paks 2 project despite CJEU ruling

G.M.English Section / 15 septembrie 2025

Russia, through nuclear giant Rosatom, announced late last week that it is not stopping the Paks 2 project in Hungary, according to press reports in Budapest and Moscow, despite Thursday's ruling by the Court of Justice of the European Union, which annulled the European Commission's 2017 approval for the financing and construction of the two new nuclear reactors.

Chinese refineries, the target of European sanctions against Russia?

Chinese refineries, the target of European sanctions against Russia?

I.Ghe.English Section / 15 septembrie 2025

The European Union is expected to announce today the 19th package of sanctions against Russia, according to the statement of the French Foreign Minister Jean-Noël Barrot, who emphasized to the French press that the measures are coordinated for the first time directly with the US President Donald Trump.

Austerity and reforms

Austerity and reforms

George MarinescuEnglish Section / 15 septembrie 2025

The end of the summer calendar recorded a tense economic and political reality in our country, in which the governing coalition was forced to combine financial stability measures with attempts to restore confidence in the population and external partners.

Septembers in numbers

Septembers in numbers

A.V.English Section / 15 septembrie 2025

August 1 

- The first package of fiscal measures established by the Government enters into force, which provides, among other things, for the increase in VAT from 19 to 21%, the introduction of a single reduced rate of 11% for basic food and other essential products, the increase in excise duties on alcohol, tobacco and fuels, the additional taxation of dividends and large profits, as well as the introduction of CASS for pensions exceeding 3,000 lei.

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Illustration designed by MAKE

The Yuan's Assault on the Dollar

Andrei Iacomi, George MarinescuEnglish Section / 10 septembrie 2025

The geopolitical and economic storm that is shaping up around the US dollar is taking on unexpected proportions after the recent summit of the Shanghai Cooperation Organisation (ed. - Shanghai Cooperation Organisation - SCO), which took place...

Chaos at the beginning of the school year

Chaos at the beginning of the school year

George MarinescuEnglish Section / 8 septembrie 2025

The opening of the 2025-2026 school year, scheduled for today, September 8, 2025, is set to be one of the most tense in recent years, marked by large-scale protests, calls for boycotts and legislative changes that have sparked dissatisfaction...

Oil continues to be the world's main energy source

Oil continues to be the world's main energy source

A.V.English Section / 3 septembrie 2025

The world's ten largest oil-consuming countries represented, in 2024, 61% of the global share. This percentage increases to 80% in the top 20 countries, given that total consumption had a moderate advance of 0.7% annually, according to...

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