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Latest Business News from Romania

24 Oct 16

Bulgaria, Romania Still Hope Canada Lifts Visas

While a Belgian region holds up the EU’s CETA deal with Canada, Romanians and Bulgarians hope to end visa requirements with Canada regardless of the outcome.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.


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

27 Oct 16

NATO Boosts Eastern flank to Reassure Nervous Allies

The Western alliance has taken a significant step towards upping defensive capacities along its entire eastern flank amid growing concerns about Russia.

25 Oct 16

Romanian Liberals Back PM for New Term

14 Oct 16

Strike Wave Threatens Romania Ahead of Polls

Culture and Lifestyle

24 Aug 16

‘Game of Thrones’ Star to Visit Romania

Tom Wlaschiha, who plays Jaqen H’ghar in the television series ‘Game of Thrones’, will visit Bucharest in November for the East European Comic Con event.

15 Aug 16

Insiders’ Guide: Hidden Gems of the Balkans

05 Aug 16

Balkan Athletes Ready to Wave Flags in Rio