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Latest Business News from Romania

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.

volkswagen-emissions-scandal-to-hit-romania-10-02-2015
05 Oct 15

Romania to Bill Volkswagen Over Emissions Scandal

Romania intends to claim damages from Volksvagen over the emissions-cheating revelations, but it also fears that the scandal may damage its own economy.

romania-looks-for-a-new-imf-deal-09-30-2015
01 Oct 15

Romanian Bank Chief Backs New IMF Deal

The respected head of the national bank says Romania needs a new deal with the International Monetary Fund, IMF, as a form of insurance against potential turbulence.

romania-must-amend-privatisation-law-ec-says-09-09-2015
09 Sep 15

Romania Told to Amend Privatisation Law

The European Commission has urged Romania to change its privatisation law in order to drop provisions that could be seen as allowing state aid.

Premium

romania-s-economic-recovery-comes-at-a-cost-06-15-2016
16 Jun 16

Romania’s Economic Recovery Comes at a Cost

It is forecast to have one of the fastest-growing economies in Europe this year - but underlying weaknesses continue, and the average Romanian has yet to see real benefits.

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

protests-at-romanian-prisons-over-poor-conditions-07-14-2016
15 Jul 16

Romanian Prisoners Protest About Poor Conditions

Prison protests spread across Romania this week as inmates expressed their dissatisfaction with poor conditions, despite efforts to reduce overcrowding over the past decade.

Culture and Lifestyle

bulgaria-gets-its-teeth-into-the-vampire-market-07-11-2016
12 Jul 16

Bulgaria Gets its Teeth Into the Vampire Market

Romania may be the homeland of Dracula - but some Bulgarians insist they have a few vampires of their own, and are keen to market the potential.

27 May 16

Romanian Film Festival Honours Sophia Loren

11 May 16

Two Romanian Movies Bid for Top Cannes Prize

19 Apr 16

Romania Faces Eurovision Exit over €10m Debt