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Latest Business News from Romania

11 Dec 07

Romania's Inflation Stays Steady

Bucharest _ Romania's annual inflation rate stood at 6.67% in November, slightly down on the month before, when it was 6.8%, official data showed on Tuesday.
28 Nov 07

EU Warns Romania on Car Tax

Bucharest _ The European Commission said on Wednesday it had sent Romania a "reasoned opinion", asking it to change its legislation on car taxation.
22 Nov 07

Romania Currency Weakens

Bucharest_ The Romanian leu fell to around 3.60 lei to the Euro on Thursday, its lowest level in almost 18 months.
14 Nov 07

Romania Faces Farm Aid Cut

Bucharest _ The European Commission on Wednesday gave Romania one more month to correct deficiencies in its farm payments systems, but analysts are skeptical that Bucharest will be able to meet the deadline.
14 Nov 07

Romania Seeks to Bring Workers Home

Bucharest _ Romania will step up efforts to keep workers at home in order to respond to domestic labor shortages, Prime Minister Calin Popescu Tariceanu said Wednesday.
06 Nov 07

Romania Sells Engineering Plant

Bucharest _ Romania has sold a major engineering firm, Electroputere Craiova, to a Saudi Arabian company for €120 million, Romania’s Authority for State Assets Recovery, AVAS, said on Tuesday.
24 Oct 07

Bulgaria and Romania See FDI Surge in 2006

Sofia_Bulgaria was a regional leader in foreign direct investment, FDI in 2006, according to the World Investment Report 2007 published by the United Nations Conference on Trade and Development, UNCTAD.
22 Oct 07

Romania Farmers Demand Higher Subsidies

Bucharest _ Some 150 cattle farmers protested on Monday outside the agriculture ministry in the Romanian capital, calling for higher subsidies.
25 Sep 07

Romanian MPs Reject Sale of Dracula's Castle

Bucharest _ Romania’s lower house of parliament on Tuesday approved a parliamentary report which says Bran Castle, better known as Dracula’s castle, cannot be sold by its owner.
19 Sep 07

Work on Danube Bridge to Accelerate

Sofia _ Bulgarian Prime Minister Sergei Stanishev and his Romanian counterpart, Calin Popescu-Tariceanu, have confirmed their support for the speedy construction of a second Danube bridge connecting their countries.
07 Sep 07

Ford in Bid to Buy Romanian Car Plant

Bucharest _ Ford Motor Co. has made an offer of 57 million euros for a majority stake in the Romanian car manufacturing plant formerly owned by South Korea’s Daewoo Motor, Romania's Authority of State Assets Recovery, AVAS said Friday.
04 Jul 07

US Ford To Buy Romanian Car Plant

Bucharest __ Ford Motor Co. has been selected as the buyer of a majority stake in a Craiova car manufacturing plant formerly owned by South Korea’s Daewoo Motor, Romania's Authority of State Assets Recovery, AVAS said Friday.
11 Jun 07

Italy's Enel Acquires Romanian Power Company

Bucharest_Romanian electricity distributor Electrica Muntenia Sud, or EMS, was acquired by Italy's Enel in a deal valued at 820 million euros, following signing of the privatisation contract on Monday.

Premium

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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

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22 Jan 18

Romania King's Death Threatens Royals' Right to Palace

Romania’s royal family may have to quit their residence in Bucharest, the Elisabeta Palace, as the law only allowed the country's last monarch, King Michael, to use it – and he died in December.

20 Jan 18

Romanians Resume Anti-Corruption Protests

19 Jan 18

Duma Slates Moldova's Ban on Russian TV Shows

18 Jan 18

Blizzards Cause Turmoil in Romania and Moldova

Culture and Lifestyle

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01 Jan 18

Gallery: New Year’s Eve, the Balkan Way

New Year’s Eve was celebrated in true Balkan style across the region, with cities from Zagreb to Tirana putting on extravagant firework displays and open-air events, which saw regional and international stars performing to the swathes of jubilant crowds that came out to mark the beginning of 2018.

27 Dec 17

Balkan Cities to Party Their Way Into 2018