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Latest Business News from Romania

romania-plans-to-reopen-closed-mines
14 Apr 14

Romania Takes Fresh Look at Closed Mines

New law may lead to the reopening of some of the 500-plus mines that have been closed in Romania recent years.

romania-to-pay-back-eu-money-for-agriculture
08 Apr 14

Romania to Repay EU for Misspent Agriculture Cash

Romania must return over 4 million euro in agricultural funding that was deemed inappropriately spent.

massive-lays-off-at-romanian-gold-mining-project
02 Apr 14

Frustrated Gold Mine Company Axes Romanians

Canada’s Gabriel Resources says it will lay off 80 per cent of its employees in Romania as a planned gold mining project remains stuck in parliament.

ebrd-finances-solar-project-in-romania
28 Mar 14

EBRD Finances Solar Project in Romania

The European Bank for Reconstruction and Development, EBRD, is to lend 20 million euro for a solar energy project in Romania, following its earlier investment in wind farms.

european-funds-helps-economic-improvement-in-romania
24 Mar 14

Romania Scores Net Gains From European Funds

Romania has notched up a positive balance of over 10 billion euro since joining the European Union despite widespread belief that Bucharest has been paying more than it receives.

romania-face-rise-in-gas-prices
20 Mar 14

Romanian Industry Braces for Rise in Gas Price

Planned steep rise in gas prices for industry starting next month could damage economic recovery and cost jobs, company bosses say.

new-europe-bridge-boosts-bulgaria-romania-turnover
07 Mar 14

New Bridge Boosts Bulgaria-Romania Trade

The New Europe Bridge, previously known as the Danube Bridge 2, has increased trade between Bulgaria and Romania.

telecom-giants-gather-in-belgrade
18 Feb 14

Telecoms Giants Gather in Belgrade

The most successful business people and innovators in the telecommunications sector in South-East Europe meet in Belgrade for the annual SEE Telecoms Forum.

romania-sets-new-date-for-joining-eurozone
18 Feb 14

Romania Sets New Date For Joining Eurozone

New government report says the country meets all the main economic conditions to join the single currency area by 2019.

romania-sees-fdi-boost-1
13 Feb 14

FDI Hits Four-Year High in Romania

Foreign direct investment in Romania in 2013 reached the highest level in four years at 2.7 billion euro - though this is still well down on the record 9.1 billion it attracted in 2008.

austria-s-agrana-buys-sugar-refineries-in-romania
06 Feb 14

Austria's Agrana Buys Romanian Sugar Refineries

Sugar producer Agrana Zucker has agreed to buy two Romanian production units for an undisclosed price in a bid to boost its operations in south-east Europe.

bitcoin-comes-to-romania
21 Jan 14

Romanian Presidential Hopeful Seeks Bitcoin Donors

An MP planning to run in the presidential race in December has raised the profile of the vitual currency in Romania.

serbia-ranked-95th-on-economic-freedom-list
15 Jan 14

Macedonia Tops Balkan Economic Freedom List

The latest Index of Economic Freedom has put Macedonia at the top of the Balkan region in terms of economic freedom.

romanians-in-early-black-friday-sales-fever
22 Nov 13

Black Friday Shoppers Break Record in Romania

More Romanians than ever took part in the annual day of discount shopping on November 22, with some rising at dawn to grab bargains.

many-complain-over-planned-higher-taxes-in-romania
13 Nov 13

New Taxes Dismay Businesses in Romania

Business groups have reacted with concern after the centre-left government announced plans to introduce new taxes in 2014.

Politics and Society

romania-worried-by-tense-situation-at-its-borders
17 Apr 14

Pro-Russian Separatists in Moldova Alarm Romania

After Moldova’s breakaway Transnistria region on Wednesday sought to join Russia, Romania's President repeated that Romania firmly upholds Moldova's territorial integrity.

Culture and Lifestyle

major-romanian-monastery-to-get-face-lift
28 Mar 14

EU Funds Makover of Romanian 'Painted' Monastery

The 15th-century 'painted' monastery of Putna, which a long-ago prince founded in the Bukovina region of northeast Romania, is in line for an EU-funded renovation.