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Latest Business News from Romania

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.

romania-moves-forward-with-new-nuclear-reactors
25 Jul 14

Romania Moves Forward With New Nuclear Reactors

Two new nuclear reactors are to be built up in Romania under a deal inked on Thursday with Canadian and Chinese investors.

enel-faces-legal-challenge-in-romania
24 Jul 14

Romania to Sue Italy's Enel Over Failed Sale

The Romanian government is to sue Italian group Enel at the International Court of Arbiration over the collapse of the sale of an energy company.

romania-plans-to-raise-indirect-taxation
16 Jul 14

Romania Raises Indirect Taxes to Fill Budget Gaps

The centre-left government is proposing hikes in indirect taxation to cover a likely budget deficit created by reductions in the levies on employers.

romania-to-launch-sale-of-power-producer
12 Jun 14

Romania Hopes for Windfall From Power Producer Sale

Romania hopes to raise up to 435 million euro by the sale of a majority stake in the power distributor, Electrica.

Politics and Society

romanian-dairy-sector-hit-by-russia-food-ban
30 Oct 14

Romanian Dairy Sector Hit by Russia Food Ban

Sales of Romanian diary products are declining, with cheaper EU products flooding the country following Russia ban.

Culture and Lifestyle

romania-marathon-heads-for-starting-line
04 Oct 14

Romania Marathon Heads For Starting Line

Thousands of people are expected to attend this year's seventh Bucharest International Marathon.