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Latest Business News from Romania

romanian-state-airline-under-scrutiny-after-historical-losses-08-21-2017
21 Aug 17

Romania Order Probe Into State Airline's Losses

Romanian Prime Minister Mihai Tudose has ordered an investigation into the affairs of the state-owned airline Tarom, after the company reported further major losses in the first part of 2017.

romania-bulgarians-at-great-risk-of-modern-slavery-experts-warn-08-16-2017
17 Aug 17

Modern Slavery Risk Highlighted in Bulgaria, Romania

A newly published index names Romania and Bulgaria as two of the five EU countries where the risk of modern slavery is highest – alongside Greece, Italy and Cyprus.

romania-s-economy-speeds-up-to-fastest-growing-in-the-eu-08-16-2017
16 Aug 17

Romania’s Economy Named EU's Fastest Growing

Romania’s economy grew by a healthy 5.9 percent in the second quarter of the year, pushing its GDP to its highest level in 12 months. 

balkan-mining-tycoon-detained-for-graft-in-israel-08-14-2017
14 Aug 17

Balkan Mining Tycoon Arrested for Alleged Graft

Billionaire Benjamin Steinmetz, the owner of two iron and gold mining companies in the Balkans, who is wanted by anti-graft prosecutors in Romania, has been arrested in Israel for alleged money laundering.

romania-joins-visegrad-states-in-eu-food-row-07-27-2017
28 Jul 17

Romania Joins Campaign Against 'Double Standards' in Food

Romania is joining a number of other Eastern European states who accuse big food retailers of using an EU loophole to sell inferior-quality products to their countries.

chinese-group-sets-foot-in-romania-via-energy-acquisition-07-27-2017
27 Jul 17

Chinese Seal Major Romanian Energy Acquisition

A Chinese company will acquire Romania’s main Black Sea refinery after Bucharest approved its purchase of a majority stake in Kazakh-based KMG International, which owns 48.1 per cent of Rompetrol Rafinare.

swedish-row-exposes-eastern-low-cost-it-services-07-25-2017
25 Jul 17

Sweden Scandal Highlights Cheap Romanian, Serbian IT Market

The growth of the low-cost IT subcontracting market in Eastern Europe has been highlighted by a scandal over Romanian, Czech and Serbian programmers potentially having access to Swedish citizens’ data.

romania-sued-over-halted-gold-mine-project-06-30-2017
30 Jun 17

Canadians Sue Romania Over Halted Montana Gold Mine

The Canadian company Gabriel Resources is seeking 4.4 billion US dollars from Romania over the Rosia Montana gold mining project, which the government blocked in 2014. 

romanian-companies-affected-by-ransomware-attack-06-28-2017
28 Jun 17

Ransomware Attack Spreads to Romania

Several companies in Romania have been hit by the massive cyber attack that struck Ukraine on Tuesday and which continues to spread in Europe and Asia.

balkan-eu-states-drop-roaming-fees-06-14-2017
15 Jun 17

Balkan EU States Drop Roaming Fees

Mobile phone users from Bulgaria, Croatia and Romania will be able to save money from Thursday onwards, when new EU rules officially scrapping roaming charges come into force.

moldova-new-energy-deal-raises-questions-over-russian-pressure-06-08-2017
09 Jun 17

Moldova Energy Deal Raises Concerns of Russian Pressure

A new deal signed quietly by the government in Chisinau with the Russian operator of a power plant in Moldovan breakaway region Transnistria has worried EU observers and the Moldovan opposition.

experts-warn-romanian-government-on-risky-economic-policies-05-26-2017
26 May 17

Romanian Growth Down to Higher Consumption, Bank Warns

Romania's Central Bank in a report on Friday warned that the country’s recent high growth rates were based too much on higher consumption of imports rather than on investment.

balkan-countries-hit-by-cyber-attack-05-15-2017
15 May 17

Romania Worst Hit in Balkans by Cyber-Attack

Romania was the Balkan country worst affected by last Friday's global cyber-attack, while Bulgaria reported that one unnamed public institution was affected.

romania-inaugurates-biggest-onshore-gas-reserve-in-30-years-05-12-2017
12 May 17

Romania Inaugurates Biggest Gas Reserve in Decades

Politicians and gas company chiefs have attended the official presentation of the country's biggest natural gas deposit in three decades - as Romania furthers its bid to become a regional energy hub.

romania-s-government-warned-on-loose-fiscal-and-wage-policies-05-03-2017
04 May 17

Romania's Pay Hikes Worry Financial Institutions

Romania’s Social Democrat government is coming under fire for borrowing large sums of money to cover the costs of what are deemed high-risk wage and fiscal policies.

Premium

turkish-crisis-fuels-investment-surge-in-balkans-08-21-2017
22 Aug 17

Turkish Crisis Fuels Investment Surge in Balkans

The political crisis in Turkey is motivating many Turkish companies to shift their business operations to the nearby Balkan states.

04 Jul 17

Economic Storm-clouds Hover Over Romania

14 Mar 17

Romania Hopes to Become Regional Energy Hub

16 Jun 16

Romania’s Economic Recovery Comes at a Cost

25 Jun 15

Balkan Economies Brace for Impact of Grexit

Politics and Society

balkan-leaders-express-condolences-after-barcelona-attack-08-18-2017
18 Aug 17

Balkan Leaders Express Sympathy Over Barcelona Attack

Balkan leaders joined those of other countries in condemning the terrorist attacks in Spain on Thursday that left at least 14 people dead and expressing their condolences to the victims.

Culture and Lifestyle

romanian-broadcast-watchdog-mulls-permit-for-russian-tv-08-17-2017
17 Aug 17

Romanian Broadcast Watchdog Mulls Permit for Russian TV

Romania’s Audiovisual Council is considering whether a Moldovan television station that rebroadcasts Russian programs can operate in Romania, amid fears that it will spread pro-Kremlin propaganda. 

01 Aug 17

Best Balkan Films to Watch This Summer

06 Jun 17

Inside Guide to the Balkans’ Secret Wonders