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Latest Business News from Romania

austria-s-omv-sues-romania-for-petrom-environmental-clean-up-expenses-04-25-2017
25 Apr 17

Austria’s OMV Sues Romania over Environmental Clean-Up

Austrian oil group OMV, which controls Romania’s former state-owned Petrom, has filed an arbitration suit accusing Bucharest of not reimbursing environmental clean-up costs and violating its privatisation contract.

bulgaria-romania-join-outcry-against-varying-food-quality-in-the-eu-03-07-2017
08 Mar 17

'Double Standards' in Food Products Alarms Bulgaria, Romania

Bulgaria and Romania have joined an outcry against multinational food companies, accused of selling lower quality products in Eastern Europe compared to those offered in the Western supermarkets.

bulgaria-romania-still-hope-canada-lifts-visas-10-24-2016-1
24 Oct 16

Bulgaria, Romania Still Hope Canada Lifts Visas

While a Belgian region holds up the EU’s CETA deal with Canada, Romanians and Bulgarians hope to end visa requirements with Canada regardless of the outcome.

gulf-group-builds-oil-recycling-plant-in-romania-06-22-2016
23 Jun 16

Gulf Group to Build Oil Recycling Plant in Romania

The Emirates Chemie-Tech DMCC group will set up an oil recycling plant in southeastern Romania, the first of its kind in the region.

ec-probe-energy-companies-in-romania-for-blocking-gas-exports-06-08-2016
08 Jun 16

European Commission Probes Romanian Gas Companies

European Commission officials carried out inspections at the premises of Romgaz, OMV Petrom and Transgaz, key players in the natural gas sector, on suspicion that they violated anti-trust rules.

romanian-prosecutors-seize-country-s-biggest-refinery-05-11-2016
12 May 16

Refinery Seizure Threatens Romania-China Deal

Romanian prosecutors' decision to seize the country’s largest oil refinery, held by Kazakhstan's KazMunaiGaz, is seen as a possible obstacle towards completion of the biggest transaction of the year, between KazMunaiGaz and China Energy Company Ltd.

romanian-controversial-mortgage-law-causes-uncertainty-05-06-2016
09 May 16

Controversial Romanian Mortgage Law Unsettles Banks

Deposits for mortgages in Romania have doubled ahead of the introduction of a controversial law allowing people to write off their unpaid loans by handing over their property to the banks.

first-bulgaria-romanian-pipeline-to-start-operation-in-august-04-06-2016
07 Apr 16

Bulgaria-Romania Gas Pipeline to Open in August

An Austrian company will complete the remaining 2.1 km of a long-anticipated gas interconnector that will help the energy diversification of the two Balkan countries.

romania-encourages-purchase-of-non-polluting-cars-04-04-2016
05 Apr 16

Romania Offers Incentives to ‘Greener’ Car Buyers

Romania’s government is to offer a financial incentive package to buyers of electric and hybrid cars in an effort aimed at curbing pollution.

romanian-refinery-to-process-iranian-oil-02-21-2016
22 Feb 16

Romanian Refinery to Process Iranian Oil

A first Iranian oil shipment will arrive in Romania soon, as the country takes advantage of the lifting of international sanctions against Tehran.

romania-tries-to-attract-new-tourists-02-16-2016
17 Feb 16

Romania Lures Russians to Cut-Price Resorts

Romania's tourist board is hoping to triple the number of Russian tourists by offering bargain wellness holidays at the seaside for as little as 10 euro a night.

tax-cuts-to-help-romania-improves-economy-01-04-2016
05 Jan 16

New Year Tax Cuts Take Force in Romania

Romania has started new year 2016 with some important - but potentially risky - tax cuts, including a significant drop in VAT.

romania-still-pays-for-soviet-era-investment-in-ukraine-12-09-2015
10 Dec 15

Ukraine's Unfinished Plant Drains Romania's Cash

Romania is continuing to spend money on a unfinished steel plant in Ukraine, where work started decades ago and but shows no sign of being completed.

romania-to-build-reactors-with-chinese-money-10-16-2015
19 Oct 15

Romania to Build Reactors With Chinese Money

Romania is to sign an agreement with a Chinese company to construct two new nuclear reactors as the country seeks to boost its energy security.

romania-remains-open-to-gmo-cultivation-10-05-2015
06 Oct 15

Romania Spurns Trend Towards Banning GM Crops

Two-thirds of EU countries may have opted out new European legislation allowing the growth genetically modified organisms, GMO - but Romania has decided against a ban.

Premium

romania-hopes-gas-finds-turn-it-into-energy-hub-03-13-2017
14 Mar 17

Romania Hopes to Become Regional Energy Hub

Bucharest’s plans to start extracting gas in the Black Sea zone and construct a regional pipeline aim to ensure Romania’s energy security and turn it into a regional gas exporter.

16 Jun 16

Romania’s Economic Recovery Comes at a Cost

25 Jun 15

Balkan Economies Brace for Impact of Grexit

01 Sep 11

Romania Dreams of Highways to the Future

16 Aug 11

Romania Plays Nature Card to Attract Tourists

Politics and Society

moldova-s-president-bars-military-from-nato-exercise-04-27-2017
27 Apr 17

Moldova’s President Bars Military from NATO Exercise

Moldova’s pro-Russian President Igor Dodon, who wants the country to be militarily neutral, said that the participation of 50 troops in a NATO exercise in Romania was “inappropriate”.

26 Apr 17

Balkan States Suffer Decline in Media Freedom

Culture and Lifestyle

bucharest-municipality-plans-façade-contest-to-revamp-the-city-04-20-2017
21 Apr 17

Bucharest Municipality Plans Façade Contest to Revamp the City

Bucharest City Hall will cut municipality taxes for residents who refurbish their properties in a bid to involve citizens in revamping areas of the Romanian capital.

31 Oct 16

Dracula Legend Lures Halloween Fans to Romania

24 Aug 16

‘Game of Thrones’ Star to Visit Romania