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Latest Business News from Romania

balkan-countries-sign-gas-pipeline-agreement
23 Apr 15

Balkan Countries Sign Gas Pipeline Agreement

Bulgaria, Greece and Romania are planning the construction of a new gas corridor in order to reduce dependence on Russian energy deliveries.

brusselss-approves-romania-s-aid-for-energy-holding
22 Apr 15

EU Backs Romania’s Aid for Energy Complex

The European Commission has approved the temporary rescue aid package that Romania has offered the energy producer Complexul Energetic Hunedoara.

romania-cuts-vat-on-food
07 Apr 15

Romania Slashes VAT on Food to Boost Spending

Romania is cutting VAT on all food items from June 1 in order to boost disposable income and get people spending more.

romania-restarts-work-at-needed-highway
06 Apr 15

Romania Restarts Work on Transylvanian Highway

Construction work on a stretch of the projected 415-kilometre-long highway is to be restarted after years of delays.

eu-funds-to-develop-romania-s-tourism-project
13 Mar 15

Romania Seeks EU Cash For Danube Delta Tourism

Romania is planning to attract 1 billion euro to develop infrastructure and tourism in the world famous but impoverished and underdeveloped delta region.

ford-romania-to-axe-staff-in-sales-slump
09 Mar 15

Ford Romania To Axe Staff Amid Sales Slump

Almost 500 people are to be laid off this year at Ford’s car factory in Craiova, although the redundancies are fewer than initially expected.

uber-car-service-arrives-in-romania
27 Feb 15

Uber Arrives to Mixed Fanfare in Romania

The US mobile-app-based transportation network Uber has launched its first ridesharing service in Romania - but while many potential users are delighted, taxi drivers are less happy.

enel-freezes-sale-of-its-romanian-assets
20 Feb 15

Italy's Enel Freezes Sale of Romanian Assets

The Italian energy group Enel has put on hold the sale of its assets in Romania after reducing its debts.

romania-s-economy-rises-in-2014
13 Feb 15

Romania’s Economy Grew in 2014, Data Show

New Statistics Institute report says Romania's GDP grew by 2.9 per cent last year, building on a recovery that began in 2013.

ec-upgrades-romania-s-economic-growth-for-2015
06 Feb 15

Commission Upgrades Romania’s Growth in 2015

The European Commission predicts Romania's economy will grow by 2.7 per cent this year, the sixth highest growth rate in the EU.

belgium-s-bpost-eyes-romanian-post
04 Feb 15

Belgium’s Post Interested in Buying Romanian Post

The Belgian postal services operator is the sole company to have expressed interest in buying Romania's state-owned post service, Posta Romana.

converting-franc-loans-will-cost-romania-bank-says
02 Feb 15

Converting Franc Loans Will Cost Romania, Bank Says

Converting loans connected to Swiss franc into Romania's own currency would cost the country too much, the head of the national bank has warned.

romania-to-launch-fiscal-receipts-lottery
23 Jan 15

Romania to Launch Receipts Lottery at Easter

New lottery is designed to get people to demand receipts for goods and services - thereby making it less easy for shops and other sellers to evade paying sales taxes.

romania-plans-personal-bankruptcy-law
21 Jan 15

Romanians Hit by Franc's Rise May go Bankrupt

Worried by the plight of tens of thousands of borrowers with loans in Swiss francs, Romania is planning to adopt a law to help them declare themselves bankrupt.

world-bank-cuts-croatian-gdp-growth-predictions
14 Jan 15

World Bank Revises Croatia's GDP Growth Down

In more bad news for the struggling centre-left government, the World Bank has altered its earlier forecast of Croatia’s GDP growth in 2015, cutting it from 1.2 to 0.5 per cent.

Politics and Society

controversy-following-romanian-government-decision-to-tax-tips
27 Apr 15

Romania Govt Casts Predatory Eye on Waiters' Tips

Government plan to raise revenues by taxing tips meets scornful response from some waiters - who have vowed to hold on to their extra earnings.

Culture and Lifestyle

romanian-films-selected-at-cannes-festival
17 Apr 15

Romanian Films Selected for Cannes Festival

Two Romanian movies have been selected this year for the ‘Un Certain Regard’ section of the Cannes film festival dedicated to innovative work.