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Latest Business News from Romania

balkan-cities-business-environment-poorly-ranked

20 Feb 12 / 10:39:32

FT Credits Balkan Cities as Cost Effective

Cities in the Balkans may score badly in some fields, but they score highly when it comes to labour costs.

romania-s-inflation-falls-to-a-historic-low

14 Feb 12 / 10:33:51

Romanian Inflation Falls to Historic Low

Monthly inflation in Romania fell in January to levels not seen in decades, but concerns remain over the country’s overall chance of economic recovery.

romania-ups-2012-inflation-forecast-to-3-2-pct

08 Feb 12 / 09:26:30

Romania Ups Inflation Forecast to 3.2%

Romania's Central Bank has increased its inflation forecast for this year, though at well below 4 per cent, the rate is not seen as especially worrying.

02 Feb 12 / 10:09:23

Winter Freeze Forces Up Romania's Gas Bill

As gas consumption in soars in sub-zero temperatures, experts say the country will have to fork out for pricey imports from Russia.

28 Dec 11 / 10:44:10

Romania Aims To Attract More Skiers

Following a major upgrade of its main ski area, Bucharest will extend its ski season to four months a year.

further-step-in-sale-of-romania-s-energy-company

08 Dec 11 / 09:19:20

Romania Energy Companies Merged Ahead of Sale

Merger of important energy companies in Romania opens the way for the privatisation of the new giant in 2012.

nokia-to-close-romanian-plant-one-month-earlier

29 Nov 11 / 10:26:34

Nokia to Close Plant in Romania Early

The telecommunications giant is to close down its unit in Romania at the end of this month instead of at the end of the year.

romania-to-further-cut-number-of-public-servants

25 Nov 11 / 10:15:50

Romania to Shed More Civil Service Jobs

Bucharest is to continue layoffs in the public sector next year, axing another 300,000 jobs.

inflation-rises-due-of-increased-heating-prices

16 Nov 11 / 08:43:56

Inflationary Spike Adds to Romania's Woes

Monthly inflation in Romania unexpectedly peaked in October, which economists blame on a sharp rise in heating bills after subsidies were axed for most families.

31 Oct 11 / 08:36:56

Romania to Sell Large Copper Mine

Romania has announced plans to sell the state owned copper mine Cupru Min Abrud through a tender.

27 Oct 11 / 07:57:15

Romania Against Contributing to EU Bank Shield

President says countries like Romania, whose banks are not heavily in debt, should not have to pay into the new, planned Europe-wide banking 'shield'.

romania-to-have-a-prudent-budget-next-year

25 Oct 11 / 11:14:21

Basescu: Romania's 2012 Budget to Be "Very Prudent"

The Romanian budget deficit target is expected to be lowered to below 3 per cent of the GDP as the government seeks to find a cost-efficient budget for the next year.

bucharest-hopes-new-eu-agriculture-policy-to-revive-farming

18 Oct 11 / 09:22:07

Romania Sees Farming's Future in CAP Reform

Bucharest hopes planned reforms to the Common Agricultural Policy, offering more subsidies to young farmers, may reverse the years-long decline in farming.

14 Oct 11 / 16:42:37

Romania, Bulgaria To Jointly Act Against EU Restrictions

Bulgaria and Romania will take joint action against restrictions on EU labour markets affecting workers from both states, Bulgarian news agency BTA has reported.

06 Oct 11 / 15:53:27

Oil Company Petrom Opens Wind Energy Park

Oil and gas company Petrom, controlled by Austria's OMV, has started commercial operations at its wind energy park in eastern Romania, following an investment of about 90 million euros.