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Latest Business News from Romania

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.

austria-s-omv-sues-romania-for-petrom-environmental-clean-up-expenses-04-25-2017
25 Apr 17

Austria’s OMV Sues Romania over Environmental Clean-Up

Austrian oil group OMV, which controls Romania’s former state-owned Petrom, has filed an arbitration suit accusing Bucharest of not reimbursing environmental clean-up costs and violating its privatisation contract.

bulgaria-romania-join-outcry-against-varying-food-quality-in-the-eu-03-07-2017
08 Mar 17

'Double Standards' in Food Products Alarms Bulgaria, Romania

Bulgaria and Romania have joined an outcry against multinational food companies, accused of selling lower quality products in Eastern Europe compared to those offered in the Western supermarkets.

bulgaria-romania-still-hope-canada-lifts-visas-10-24-2016-1
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.

Premium

romania-more-turmoil-likely-despite-strong-growth-12-28-2017
02 Jan 18

Romania in 2018: More Turmoil Likely Despite Strong Growth

The failure of healthy growth rates to translate into wage rises – coupled with the passage of unpopular and controversial laws – are likely to mean a bumpy year. 

19 Oct 17

EU Mulls Lower Roaming Charges for Balkans

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

Politics and Society

balkan-heritage-sites-listed-among-europe-s-most-endangered-01-19-2018
23 Jan 18

Balkan Sites Feature Among Europe’s Endangered Heritage

Four historic landmarks around the Balkans have been shortlisted for the Most Endangered Programme, which aims to raise awareness of neglected monuments and sites across Europe.

20 Jan 18

Romanians Resume Anti-Corruption Protests

19 Jan 18

Duma Slates Moldova's Ban on Russian TV Shows

Culture and Lifestyle

balkan-heritage-sites-listed-among-europe-s-most-endangered-01-19-2018
23 Jan 18

Balkan Sites Feature Among Europe’s Endangered Heritage

Four historic landmarks around the Balkans have been shortlisted for the Most Endangered Programme, which aims to raise awareness of neglected monuments and sites across Europe.

01 Jan 18

Gallery: New Year’s Eve, the Balkan Way

27 Dec 17

Balkan Cities to Party Their Way Into 2018