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Latest Business News from Romania

romania-to-launch-fiscal-receipts-lottery
23 Jan 15

Romania to Launch Receipts Lottery at Easter

New lottery is designed to get people to demand receipts for goods and services - thereby making it less easy for shops and other sellers to evade paying sales taxes.

romania-plans-personal-bankruptcy-law
21 Jan 15

Romanians Hit by Franc's Rise May go Bankrupt

Worried by the plight of tens of thousands of borrowers with loans in Swiss francs, Romania is planning to adopt a law to help them declare themselves bankrupt.

world-bank-cuts-croatian-gdp-growth-predictions
14 Jan 15

World Bank Revises Croatia's GDP Growth Down

In more bad news for the struggling centre-left government, the World Bank has altered its earlier forecast of Croatia’s GDP growth in 2015, cutting it from 1.2 to 0.5 per cent.

romania-s-inflation-at-a-record-low
13 Jan 15

Romania’s Inflation Rate at Record Low

Annual inflation in December dropped to 0.8 per cent last year in Romania, the lowest rate recorded in 25 years.

romania-s-car-industry-faces-turmoil
08 Jan 15

Dacia Car Workers Threaten Strikes in Romania

Workers at the main carmaking plant in Romania are threatening industrial action in a dispute over pay and bonuses.

croatia-limping-at-eu-frontend
07 Jan 15

Croatia Falling Behind in EU, Statistics Show

New data from Eurostat have no good news for Croatia, whose economy is falling behind that if its EU counterparts in almost all fields.

romania-to-start-gas-deliveries-to-moldova
25 Dec 14

Romania Turns on the Gas to Moldova

A gas pipeline linking Moldova to Romania, aimed at reducing the former Soviet country's dependence on Russian imports, is to start functioning on New Year's Day.

major-media-company-sells-its-radio-stations-in-romania
24 Dec 14

Radio Stations Change Hands in Romania

The five radio licenses in Romania belonging to CME media company are to be sold to the Romanian telecom provider RCS&RDS.

montenegro-drops-in-forbes-business-ranking
18 Dec 14

Montenegro Drops in Forbes Business Ranking

Montenegro has dopped down four places in this year’s Forbes magazine’s list of 'best countries for business,' ranking in 48th place out of 146 surveyed states, although it remains above several EU member states.

no-economic-recovery-in-sight-for-croatia-and-serbia
18 Dec 14

Raiffeisen Gloomy About Croatia, Serbia Economies

Regional analysis conducted by Raiffeisen bank says the economies of Serbia and Croatia saw no growth in 2014 and will not do much better in 2015 - while the outlook for other countries is somewhat brighter.

purchasing-power-in-region-far-below-eu-average
12 Dec 14

Albania and Bosnia Lag in Europe GDP Table

Albania and Bosnia have the lowest GDP per capita of 37 European countries examined, while Bulgaria is the EU's poorest country, the bloc’s statistics office, Eurostat, said on Thursday.

romania-and-international-lenders-agree-over-2015-budget
10 Dec 14

Romania Seals 2015 Budget Deal With Lenders

Romania has reached an agreement with the IMF and EC to run a deficit in 2015 of 1.83 per cent of GDP.

romania-seeks-imf-approval-to-2015-budget
03 Dec 14

Romania Seeks IMF Approval for 2015 Budget

International Monetary Fund and European Union representatives are in Bucharest to discuss Romania’s budget for next year.

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.

Politics and Society

romania-concerned-by-political-situation-in-moldova
26 Jan 15

‘Weak’ Moldova Government Worries Romania

The formation of a minority government in Moldova has put the country’s prospects for EU integration in jeopardy, analysts in neighbouring Romania fear.

Culture and Lifestyle

northern-transylvania-among-must-see-places-in-the-world
28 Nov 14

Transylvania Named as Essential Tourist Destination

National Geographic Traveler magazine has included the Maramures area of northern Transylvania in its list of the best 20 travel destinations in the world for 2015.