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Latest Business News from Romania

romania-backs-new-gas-pipeline-project
22 May 15

Romania, Bulgaria Back New Gas Pipeline

Four ex-communist countries have signed a declaration of support for the construction of a gas pipeline across all four states that will ease dependence on energy coming from Russia.

romania-s-economy-grows-this-year-so-far
13 May 15

Romania’s Economic Recovery Gathering Speed

New statistical stata appear to show that the country's economic recovery is gathering pace.

romanian-bank-offers-lifeline-to-franc-borrowers
06 May 15

Romanian Bank Offers Lifeline to Franc Borrowers

Borrowers with franc loans in Volksbank may be able to convert them into cheaper loans in the national currency as of July.

romania-to-list-new-companies-on-bourse
04 May 15

Romania to List New Companies on Stock Exchange

Romania will try to attract much-needed cash with the public listing of more state-owned companies starting from this autumn.

romania-hopes-listing-fund-will-lure-investors
28 Apr 15

Romania Lists Fund in London to Lure Investors

The Romanian investment fund Fondul Proprietatea is planning a secondary listing on the London Stock Exchange, in a bid to attract fresh investors to the country.

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.

Politics and Society

romania-doubles-child-benefit
21 May 15

Romania Doubles Child Benefit to Boost Population

Romania's parliament has approved a 100-per-cent rise in the monthly child allowance in the hope of encouraging families to have more children.

Culture and Lifestyle

czech-accent-at-bucharest-book-fair
21 May 15

Czech Theme at This Year's Bucharest Book Fair

Bookfest, Romania’s largest book fair, has opened in Bucharest with a Czech flavour this year - but the fair takes place in a country where interest in reading seems to be fading.