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Latest Business News from Romania

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.

russia-worried-after-investigation-at-lukoil-refinery-in-romania
07 Oct 14

Probe Into Lukoil Refinery in Romania Worries Russia

The closure of Russia’s Lukoil refinery in southern Romania, in connection to a tax evasion and money laundering probe, has alarmed the Russian ambassador in Bucharest.

romanian-firms-among-the-biggest-in-the-region
30 Sep 14

Romanian Firms Lead South-East Europe

The largest oil companies and banks in south-east Europe are based in Romania, according to an independent ranking of the top 100 firms in the region.

slow-growth-puts-romania-in-technical-recession-situation
04 Sep 14

Romania Hits ‘Technical Recession’ Despite Annual Growth

Despite year-on-year growth, the Romanian economy contracted in the first two quarters of 2014, putting the Balkan country in technical recession.

world-economic-forum-balkan-shows-mixed-results
03 Sep 14

Balkan Economic Competitiveness Makes Uneven Progress

The latest World Economic Forum report on global competitiveness ranks Bulgaria as the best in the Balkans and Albania as the worst, just behind Serbia.

bad-weather-poor-services-affect-romania-s-seaside-tourism
30 Jul 14

Romanian Seaside Suffers Drop in Tourist Numbers

Unven weather, poor services - and the chance of snatching a bargain trip to Greece - are just some of the factors behind this year's disappointing tourist figures on the Romanian Black Sea coast.

Politics and Society

romania-s-government-to-adopt-budget-for-2015
26 Nov 14

Romania Govt Vows No Tax Hikes in Budget

Romania’s draft budget for 2015 is to be adopted early next month, with the government promising not to raise taxes.

Culture and Lifestyle

book-by-klaus-iohannis-becomes-best-seller-in-romania
20 Nov 14

Iohannis's Life Story Proves a Hit in Romania

At Bucharest's main book fair there was rush on copies of the autobiogaphy of the man who - very unexpectedly - has just won the presidential election.