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Latest Business News from Romania

romanian-prosecutors-seize-country-s-biggest-refinery-05-11-2016
12 May 16

Refinery Seizure Threatens Romania-China Deal

Romanian prosecutors' decision to seize the country’s largest oil refinery, held by Kazakhstan's KazMunaiGaz, is seen as a possible obstacle towards completion of the biggest transaction of the year, between KazMunaiGaz and China Energy Company Ltd.

romanian-controversial-mortgage-law-causes-uncertainty-05-06-2016
09 May 16

Controversial Romanian Mortgage Law Unsettles Banks

Deposits for mortgages in Romania have doubled ahead of the introduction of a controversial law allowing people to write off their unpaid loans by handing over their property to the banks.

first-bulgaria-romanian-pipeline-to-start-operation-in-august-04-06-2016
07 Apr 16

Bulgaria-Romania Gas Pipeline to Open in August

An Austrian company will complete the remaining 2.1 km of a long-anticipated gas interconnector that will help the energy diversification of the two Balkan countries.

romania-encourages-purchase-of-non-polluting-cars-04-04-2016
05 Apr 16

Romania Offers Incentives to ‘Greener’ Car Buyers

Romania’s government is to offer a financial incentive package to buyers of electric and hybrid cars in an effort aimed at curbing pollution.

romanian-refinery-to-process-iranian-oil-02-21-2016
22 Feb 16

Romanian Refinery to Process Iranian Oil

A first Iranian oil shipment will arrive in Romania soon, as the country takes advantage of the lifting of international sanctions against Tehran.

romania-tries-to-attract-new-tourists-02-16-2016
17 Feb 16

Romania Lures Russians to Cut-Price Resorts

Romania's tourist board is hoping to triple the number of Russian tourists by offering bargain wellness holidays at the seaside for as little as 10 euro a night.

tax-cuts-to-help-romania-improves-economy-01-04-2016
05 Jan 16

New Year Tax Cuts Take Force in Romania

Romania has started new year 2016 with some important - but potentially risky - tax cuts, including a significant drop in VAT.

romania-still-pays-for-soviet-era-investment-in-ukraine-12-09-2015
10 Dec 15

Ukraine's Unfinished Plant Drains Romania's Cash

Romania is continuing to spend money on a unfinished steel plant in Ukraine, where work started decades ago and but shows no sign of being completed.

romania-to-build-reactors-with-chinese-money-10-16-2015
19 Oct 15

Romania to Build Reactors With Chinese Money

Romania is to sign an agreement with a Chinese company to construct two new nuclear reactors as the country seeks to boost its energy security.

romania-remains-open-to-gmo-cultivation-10-05-2015
06 Oct 15

Romania Spurns Trend Towards Banning GM Crops

Two-thirds of EU countries may have opted out new European legislation allowing the growth genetically modified organisms, GMO - but Romania has decided against a ban.

volkswagen-emissions-scandal-to-hit-romania-10-02-2015
05 Oct 15

Romania to Bill Volkswagen Over Emissions Scandal

Romania intends to claim damages from Volksvagen over the emissions-cheating revelations, but it also fears that the scandal may damage its own economy.

romania-looks-for-a-new-imf-deal-09-30-2015
01 Oct 15

Romanian Bank Chief Backs New IMF Deal

The respected head of the national bank says Romania needs a new deal with the International Monetary Fund, IMF, as a form of insurance against potential turbulence.

romania-must-amend-privatisation-law-ec-says-09-09-2015
09 Sep 15

Romania Told to Amend Privatisation Law

The European Commission has urged Romania to change its privatisation law in order to drop provisions that could be seen as allowing state aid.

eu-to-financially-support-western-balkans-08-28-2015
31 Aug 15

Europe to Fund Balkan Transport, Energy Projects

Following the Vienna summit, the Western Balkans has been promised 200 million euro in co-financing for 10 transport and energy projects, to improve growth and energy security.

romania-parties-forge-on-with-tax-cuts-08-21-2015
21 Aug 15

Romania Parties Forge on With Tax Cuts

Parliament due to vote by end of month on new fiscal code, slashing VAT, which critics say could blow a hole in budget.

Premium

romania-licks-its-wounds-as-daimler-turns-elsewhere-05-12-2016
17 May 16

Romania Licks its Wounds as Daimler Turns Elsewhere

Romania’s failure to attract a sought-after investment by the German car giant is being blamed on poor infrastructure and the lack of a skilled workforce.

25 Jun 15

Balkan Economies Brace for Impact of Grexit

01 Sep 11

Romania Dreams of Highways to the Future

16 Aug 11

Romania Plays Nature Card to Attract Tourists

07 Dec 10

Turkey’s Balkan Shopping Spree

Politics and Society

romania-among-the-eu-states-exporting-arms-to-egypt-05-25-2016
25 May 16

Amnesty Slates Balkan Arms Sales to Egypt

Romania and Bulgaria are among the EU countries criticized by Amnesty International for complicity in Egypt’s crackdown on dissent through arms exports to the country, as is non-EU member Serbia.  

24 May 16

Romania Probes IT Giant HP

Culture and Lifestyle

romanian-film-festival-honours-sophia-loren-05-26-2016
27 May 16

Romanian Film Festival Honours Sophia Loren

Italian film legend Sophia Loren will be the special guest at the largest international feature film festival in Cluj, Romania, to pick up the festival's Lifetime Achievement Award.

11 May 16

Two Romanian Movies Bid for Top Cannes Prize

19 Apr 16

Romania Faces Eurovision Exit over €10m Debt

15 Apr 16

Feud Over Foreigners Splits Romanian Opera