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Latest Business News from Romania

balkan-eu-states-drop-roaming-fees-06-14-2017
15 Jun 17

Balkan EU States Drop Roaming Fees

Mobile phone users from Bulgaria, Croatia and Romania will be able to save money from Thursday onwards, when new EU rules officially scrapping roaming charges come into force.

moldova-new-energy-deal-raises-questions-over-russian-pressure-06-08-2017
09 Jun 17

Moldova Energy Deal Raises Concerns of Russian Pressure

A new deal signed quietly by the government in Chisinau with the Russian operator of a power plant in Moldovan breakaway region Transnistria has worried EU observers and the Moldovan opposition.

experts-warn-romanian-government-on-risky-economic-policies-05-26-2017
26 May 17

Romanian Growth Down to Higher Consumption, Bank Warns

Romania's Central Bank in a report on Friday warned that the country’s recent high growth rates were based too much on higher consumption of imports rather than on investment.

balkan-countries-hit-by-cyber-attack-05-15-2017
15 May 17

Romania Worst Hit in Balkans by Cyber-Attack

Romania was the Balkan country worst affected by last Friday's global cyber-attack, while Bulgaria reported that one unnamed public institution was affected.

romania-inaugurates-biggest-onshore-gas-reserve-in-30-years-05-12-2017
12 May 17

Romania Inaugurates Biggest Gas Reserve in Decades

Politicians and gas company chiefs have attended the official presentation of the country's biggest natural gas deposit in three decades - as Romania furthers its bid to become a regional energy hub.

romania-s-government-warned-on-loose-fiscal-and-wage-policies-05-03-2017
04 May 17

Romania's Pay Hikes Worry Financial Institutions

Romania’s Social Democrat government is coming under fire for borrowing large sums of money to cover the costs of what are deemed high-risk wage and fiscal policies.

austria-s-omv-sues-romania-for-petrom-environmental-clean-up-expenses-04-25-2017
25 Apr 17

Austria’s OMV Sues Romania over Environmental Clean-Up

Austrian oil group OMV, which controls Romania’s former state-owned Petrom, has filed an arbitration suit accusing Bucharest of not reimbursing environmental clean-up costs and violating its privatisation contract.

bulgaria-romania-join-outcry-against-varying-food-quality-in-the-eu-03-07-2017
08 Mar 17

'Double Standards' in Food Products Alarms Bulgaria, Romania

Bulgaria and Romania have joined an outcry against multinational food companies, accused of selling lower quality products in Eastern Europe compared to those offered in the Western supermarkets.

bulgaria-romania-still-hope-canada-lifts-visas-10-24-2016-1
24 Oct 16

Bulgaria, Romania Still Hope Canada Lifts Visas

While a Belgian region holds up the EU’s CETA deal with Canada, Romanians and Bulgarians hope to end visa requirements with Canada regardless of the outcome.

gulf-group-builds-oil-recycling-plant-in-romania-06-22-2016
23 Jun 16

Gulf Group to Build Oil Recycling Plant in Romania

The Emirates Chemie-Tech DMCC group will set up an oil recycling plant in southeastern Romania, the first of its kind in the region.

ec-probe-energy-companies-in-romania-for-blocking-gas-exports-06-08-2016
08 Jun 16

European Commission Probes Romanian Gas Companies

European Commission officials carried out inspections at the premises of Romgaz, OMV Petrom and Transgaz, key players in the natural gas sector, on suspicion that they violated anti-trust rules.

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.

Premium

romania-s-looming-political-crisis-threatens-its-budding-economy-06-16-2017-2
20 Jun 17

Romania’s Political Turbulence Threatens Economic Growth

By the end of this year, Romania is set to become the largest economy in the Balkans - but experts warn that if political instability continues, it will struggle to maintain the current momentum.

14 Mar 17

Romania Hopes to Become Regional Energy Hub

16 Jun 16

Romania’s Economic Recovery Comes at a Cost

25 Jun 15

Balkan Economies Brace for Impact of Grexit

01 Sep 11

Romania Dreams of Highways to the Future

Politics and Society

france-s-tough-line-on-cheap-labour-to-affect-balkans-06-23-2017-1
23 Jun 17

Macron to Visit Romania After Vowing to Tackle Cheap Labour

President Macron’s harsh line on Eastern Europeans who work in the West - but pay less in social contributions – will impact on the Balkans, as well as on his primary target, Poland.

23 Jun 17

Romanian Top Filmmakers Fight for Reform

22 Jun 17

Romania Ruling Party Set to Name New PM

21 Jun 17

Romania’s Ruling Party Ousts Own Government

21 Jun 17

Romanian Parliament to Hold No-Confidence Vote

Culture and Lifestyle

inside-guide-to-the-balkans-secret-wonders-06-06-2017
06 Jun 17

Inside Guide to the Balkans’ Secret Wonders

Scattered across the Balkans are stunning little gems of nature or human history that are well worth making a detour to visit.