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Latest Business News from Romania

eu-to-financially-support-western-balkans-08-28-2015
31 Aug 15

Europe to Fund Balkan Transport, Energy Projects

Following the Vienna summit, the Western Balkans has been promised 200 million euro in co-financing for 10 transport and energy projects, to improve growth and energy security.

romania-parties-forge-on-with-tax-cuts-08-21-2015
21 Aug 15

Romania Parties Forge on With Tax Cuts

Parliament due to vote by end of month on new fiscal code, slashing VAT, which critics say could blow a hole in budget.

romania-s-capital-airport-hit-by-strike
15 Jul 15

Air Traffic Strike Grounds Bucharest Airport

First ever strike of Romanian air traffic controllers blocked all flights to and from Bucharest for two hours on Wednesday.

croatia-s-industrial-production-growth-biggest-in-eu
15 Jul 15

Croatia Cheered by Rise in Industrial Production

Croatia's industrial production grew by 2.6 per cent in May, the fastest growth of industrial production in the EU, according to the EU statistics agency Eurostat.

region-carefully-brace-for-greek-referendum-results
06 Jul 15

Balkan States Weigh Impact of Greece’s ‘No’

Officials in the Balkans are weighing up the potential impact of the Greek referendum result on their countries amid warnings that a deepening of the crisis could damage economies in the region.

grexit-most-likely-to-affect-romania-s-eurozone-plans
03 Jul 15

Greek Crisis Delays Romania's Eurozone Plans

Romania will have to further postpone its plans to join eurozone as the crisis in Greece tests the solidity of the single currency, experts say.

romanian-pancake-truck-owner-hailed-for-commitment
25 Jun 15

US Toasts Sweet Success of Romanian Entrepreneur

A young woman who turned her passion for pancakes into a small but thriving business has seen her achievement recognised by the US embassy in Bucharest.

german-company-to-build-plant-in-romania
16 Jun 15

German Company to Build Plant in Romania

The German cleaning equipment producer Kaercher is to invest 20 million euro in a new plant in southern Romania.

court-rejects-romanian-oil-company-insolvency-request
10 Jun 15

Romanian Court Rejects Oil Company's Insolvency Request

Rompetrol SA’s request to be declared insolvent was rejected by a court in Bucharest for reasons that have yet to be divulged to the public.

romania-to-sell-stake-in-ailing-airline
08 Jun 15

Romania Seeks Partners for Struggling Tarom Airline

Government says it has started negotiations with several companies to buy a stake in the loss-making airline - and is ready to sell a majority stake if the partner is from Europe.

bank-austria-becomes-majority-stakeholder-in-romanian-unit
04 Jun 15

Austrians Buy Majority Stake in Romanian Lender

In one of the largest transactions in the Romanian banking sector in years, UniCredit Bank Austria has increased its stake in an important Romanian lender.

romania-to-adopt-strategy-for-joining-euro
29 May 15

Romanian President Urges Consensus on Euro

After meeting government leaders, President Klaus Iohannis called for a political consensus on the strategy needed to ensure Romania's membership of the single currency area.

rush-for-gold-to-continue-in-romania
28 May 15

Canadians Lead New Gold Rush in Romania

Two new Canadian projects for gold exploitation have been announced in Transylvania, Romania, and both are likely to draw strong opposition from many quarters.

romania-backs-new-gas-pipeline-project
22 May 15

Romania, Bulgaria Back New Gas Pipeline

Four ex-communist countries have signed a declaration of support for the construction of a gas pipeline across all four states that will ease dependence on energy coming from Russia.

romania-s-economy-grows-this-year-so-far
13 May 15

Romania’s Economic Recovery Gathering Speed

New statistical stata appear to show that the country's economic recovery is gathering pace.

Politics and Society

romania-s-parliament-to-approve-fiscal-code-09-02-2015-1
03 Sep 15

Romanian Parliament to Green Light Tax Cuts

Parliament's second chamber on Thursday was due to nod through a new fiscal code, slashing VAT, which critics say could blow a hole in government revenues.

Culture and Lifestyle

international-music-festival-kick-offs-in-romania-09-03-2015
04 Sep 15

Rattle, Mehta, Star at Romanian Music Festival

This year's George Enescu Festival in Romania is bringing some world famous music stars to Bucharest, including the composers Simon Rattle and Zubin Mehta and the pianists Elisabeth Leonskaja and Yuja Wang.