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Latest Business News from Romania

montenegro-drops-in-forbes-business-ranking
18 Dec 14

Montenegro Drops in Forbes Business Ranking

Montenegro has dopped down four places in this year’s Forbes magazine’s list of 'best countries for business,' ranking in 48th place out of 146 surveyed states, although it remains above several EU member states.

no-economic-recovery-in-sight-for-croatia-and-serbia
18 Dec 14

Raiffeisen Gloomy About Croatia, Serbia Economies

Regional analysis conducted by Raiffeisen bank says the economies of Serbia and Croatia saw no growth in 2014 and will not do much better in 2015 - while the outlook for other countries is somewhat brighter.

purchasing-power-in-region-far-below-eu-average
12 Dec 14

Albania and Bosnia Lag in Europe GDP Table

Albania and Bosnia have the lowest GDP per capita of 37 European countries examined, while Bulgaria is the EU's poorest country, the bloc’s statistics office, Eurostat, said on Thursday.

romania-and-international-lenders-agree-over-2015-budget
10 Dec 14

Romania Seals 2015 Budget Deal With Lenders

Romania has reached an agreement with the IMF and EC to run a deficit in 2015 of 1.83 per cent of GDP.

romania-seeks-imf-approval-to-2015-budget
03 Dec 14

Romania Seeks IMF Approval for 2015 Budget

International Monetary Fund and European Union representatives are in Bucharest to discuss Romania’s budget for next year.

ford-to-axe-one-fifth-of-staff-in-romania
20 Nov 14

Ford Romania To Axe Staff in Sales Slump

Around a fifth of the employees at the Ford’s car factory in Craiova are to be laid off next year due to low demand on the market.

imf-asks-romania-to-keep-spending-under-control
12 Nov 14

IMF Reminds Romania To Control Spending

The International Monetary Fund, IMF, has urged Romania not to endanger the progress it has made in recent years, by keeping a tight check on spending.

forbes-romania-s-rich-slightly-overcome-financial-crisis
09 Nov 14

Ex-Tennis Star Tops Romania’s Wealth League

Ion Tiriac and Ioan Niculae top the list of Romanian billionaires according to the latest Forbes Romania Rich List.

ec-warns-over-romania-s-economic-prospects
06 Nov 14

Brussels Warns Romania About Rising Deficit

New European Commission report has warned Romania that is risking a higher than expected budget deficit next year if it does not change course in the meantime.

romania-moldova-gas-pipeline-still-not-operational
31 Oct 14

Romania-Moldova Gas Pipeline Still Not Open

A gas pipeline linking Moldova to Romania, aimed at reducing the former Soviet country's dependence on Russian gas, is still not working despite promises from politicians.

balkans-creating-a-better-economic-climate
29 Oct 14

Balkans Do Better in 'Doing Business' Report

Most Balkan states have improved their positions in the World Bank's latest “Doing Business” report - some much more than others.

romanian-freight-company-reduces-staff
29 Oct 14

Romanian Rail Company Axes Third of Staff

Around a third of the employees at the Romanian railway freight company, CFR Marfa, will have been made redundant by December, following radical restructuring plans.

chinese-company-to-build-new-nuclear-reactors-in-romania
20 Oct 14

Chinese Company to Build Romania Nuclear Reactors

A Chinese company is to invest in constructing two new reactors at Romania’s only nuclear power plant in a deal worth an estimated 6.5 billion euro.

growth-in-se-europe-to-remain-uneven-imf-says
08 Oct 14

IMF Revises Balkan Growth Prospects Downwards

Growth in Southeast Europe is likely to worse in 2014 than was anticipated, a new IMF report says.

romania-aims-to-attract-investors-on-bourse-1
08 Oct 14

Romania to List More Companies on Bourse

Romania plans to attract foreign cash with the public listing of some more state-owned companies next year.

Politics and Society

romanians-remain-ambivalent-over-communist-past
19 Dec 14

Romanians Mark 1989 Revolt With Mixed Feeling

Romania is commemorating 25 years since the overthrow of the Communist regime, although many people say they feel nostalgic for the relative security of life in the old days.

Culture and Lifestyle

northern-transylvania-among-must-see-places-in-the-world
28 Nov 14

Transylvania Named as Essential Tourist Destination

National Geographic Traveler magazine has included the Maramures area of northern Transylvania in its list of the best 20 travel destinations in the world for 2015.