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Latest Business News from Romania

romania-central-bank-warns-of-high-deficit-risks-11-10-2017
10 Nov 17

Romania Bank Chief Warns of High Trade Deficit

Romania’s Central Bank governor has sounded a number of warning notes about the country's apparently booming economy, including the risk of a yawning trade deficit. 

romania-to-adopt-fiscal-changes-despite-opposition-11-07-2017
08 Nov 17

Romania to Adopt Fiscal Changes Despite Opposition

Romania’s Social Democratic Party-led cabinet is set to pass a controversial decree on fiscal changes Wednesday that critics say could result in wages slumping and economic instability. 

moldovans-send-home-more-euros-than-rubles-11-06-2017
06 Nov 17

Moldovans Send Home More Euros than Rubles

As Moldova’s breach with Russia widens, fewer Moldovans going abroad to work are going to Russia – which is having a clear impact on the currencies in which they send money home.

romania-to-investigate-illegal-logging-in-national-park-11-01-2017
02 Nov 17

Romania Pledges to Investigate Vanished Forest

Romania’s Environment Ministry said on Wednesday that it will investigate how 50 hectares of forest vanished from a national park in the Carpathians, presumably as a result of illegal logging. 

balkan-states-score-high-in-the-world-bank-s-doing-business-ranking-11-01-2017
01 Nov 17

Balkan States Score Well in Doing Business Ranking

World Bank's latest global business ranking holds cheering news for some Western Balkan countries, such as Macedonia and Kosovo, but not for Bosnia, Croatia and Albania, which did not make it into the top 50.

croatian-companies-against-eu-s-equal-posted-workers-wages-10-25-2017
26 Oct 17

Croatian Companies Argue Against EU-Backed Wage Boost

Croatian companies are protesting that a newly-adopted EU directive likely to increase wages for employees sent to work in other EU states will hurt their their businesses and cause job cuts.

romania-no-longer-europe-s-poor-man-guardian-says-10-15-2017
16 Oct 17

Romania ‘No longer Europe’s poor Man’, Guardian Says

Leading UK paper says Romania is fast shrugging off its negative image as the economy and IT sector power ahead, despite continuing problems of corruption.

croatia-romania-oecd-membership-blocked-by-unhappy-neighbours-09-07-2017
07 Sep 17

Angry Neighbours to Bar Croatia, Romania, From OECD

Hungary and Slovenia plan to stop Romania and Croatia from joining the world’s largest economic organization, citing disputes over minority rights and border demarcation.

macron-fails-to-boost-french-arms-sales-to-romania-08-25-2017
25 Aug 17

Macron's Romania Visit Disappoints French Arms Firms

French military equipment and weapons manufacturers have voiced disappointment after President Emmanuel Macron’s visit to Romania did not result in any confirmed arms sales. 

italian-chinese-consortiums-compete-to-build-romania-danube-bridge-08-23-2017
23 Aug 17

Italians and Chinese Compete to Build Romanian Bridge

Two Italian-Japanese and Chinese-led consortiums are competing to build a 500-million-euros bridge over the Danube in Romania - the biggest infrastructure project the country has seen in decades. 

romanian-state-airline-under-scrutiny-after-historical-losses-08-21-2017
21 Aug 17

Romania Order Probe Into State Airline's Losses

Romanian Prime Minister Mihai Tudose has ordered an investigation into the affairs of the state-owned airline Tarom, after the company reported further major losses in the first part of 2017.

romania-bulgarians-at-great-risk-of-modern-slavery-experts-warn-08-16-2017
17 Aug 17

Modern Slavery Risk Highlighted in Bulgaria, Romania

A newly published index names Romania and Bulgaria as two of the five EU countries where the risk of modern slavery is highest – alongside Greece, Italy and Cyprus.

romania-s-economy-speeds-up-to-fastest-growing-in-the-eu-08-16-2017
16 Aug 17

Romania’s Economy Named EU's Fastest Growing

Romania’s economy grew by a healthy 5.9 percent in the second quarter of the year, pushing its GDP to its highest level in 12 months. 

balkan-mining-tycoon-detained-for-graft-in-israel-08-14-2017
14 Aug 17

Balkan Mining Tycoon Arrested for Alleged Graft

Billionaire Benjamin Steinmetz, the owner of two iron and gold mining companies in the Balkans, who is wanted by anti-graft prosecutors in Romania, has been arrested in Israel for alleged money laundering.

romania-joins-visegrad-states-in-eu-food-row-07-27-2017
28 Jul 17

Romania Joins Campaign Against 'Double Standards' in Food

Romania is joining a number of other Eastern European states who accuse big food retailers of using an EU loophole to sell inferior-quality products to their countries.

Premium

changing-ceos-will-not-fix-balkan-airlines-troubles-10-25-2017
25 Oct 17

Changing CEOs will Not Fix Balkan Airlines' Troubles

Overburdened by micro-managing governments, most of the Balkan's state-owned national carriers struggle to survive in an increasingly competitive air transport industry.

19 Oct 17

EU Mulls Lower Roaming Charges for Balkans

04 Jul 17

Economic Storm-clouds Hover Over Romania

14 Mar 17

Romania Hopes to Become Regional Energy Hub

16 Jun 16

Romania’s Economic Recovery Comes at a Cost

Politics and Society

romanians-await-ex-king-funeral-12-08-2017
11 Dec 17

Romanians Turn Palace Into Shrine Before Royal Funeral

Many Romanians have laid tributes outside the old royal palace to their late king Michael, before he is laid to rest in the country he was forced to abandon for several decades.

06 Dec 17

Fatal Inaction: How Measles Made a Comeback

05 Dec 17

Romanian Ex-King Michael Dies Aged 96

Culture and Lifestyle

moldovan-history-film-angers-champions-of-romanian-ties-11-23-2017
24 Nov 17

Moldovan History Film Angers Champions of Romanian Ties

A new movie about Moldova’s history, produced under Socialists auspices, has angered pro-EU politicians and historians by playing down links to Romania and, they say, taking Russia’s line.