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Latest Business News from Romania

01 Mar 10

Restrictive Legislation Keeps Prices Low in Bosnia

The Bosnian real estate market has hit historic lows buffeted by the credit crunch and a sharp decline in the average Bosnian’s purchasing power. To make matters worse, restrictive laws obstruct foreign nationals from acquiring property in the country.

01 Mar 10

Romania's Forex Reserves at All-time High

Romanian foreign exchange reserves rose €1.7 billion in February to an all-time high of €29.739 billion, following the disbursal of the third and fourth tranches of its IMF loan, according to central bank data released on Monday.

23 Feb 10

Romania Receives 3rd, 4th IMF Tranche

The International Monetary Fund, IMF, will this Tuesday disperse the third and fourth tranches of the IMF loan, amounting to 2.45 billion euro, media report.

18 Feb 10

Romania Officially Invited To Join South Stream

Russian gas giant Gazprom has invited Romanian state-run gas pipeline operator Transgaz to join the South Stream gas pipeline, Economy Minister Adriean Videanu said Thursday.

17 Feb 10

Romania to Further Finance Housing Program

Romania's government on Wednesday raised the upper guarantee cap for first-time homebuyer loans to €75,000 per loan, up from the previous cap of €60,000, Finance Minister Sebastian Vladescu said.

15 Feb 10

Corporate Tax Hits Romanian Companies

About 6,000 companies in Romania suspended their operations in January, four times more than in the same period in 2009, according to data published on Monday by the National Companies Registry Office.

12 Feb 10

Romanian FDI Halves to '4.89 billion in 2009

Foreign direct investment, FDI, into Romania during 2009 fell 48.4 per cent on the year to €4.89 billion, the central bank, BNR, said on Friday.

11 Feb 10

Romania: Media Giant Sells Papers to Local Firm

The Swiss-based Ringier media company has sold two newspapers from Romania to a local company in a deal valued at around €8 million, media portal paginademedia.ro reports.

08 Feb 10

Romania Unemployment Climbs Further

Romania's jobless rate almost doubled in January compared with a year before, hitting 8.1 per cent according to data released by the National Statistical Institute.

03 Feb 10

Romania Central Bank Cuts Rates

Romania’s central bank, BNR, on Wednesday cut its key rate by 50 basis points to 7 per cent, the lowest level in more than two years, but kept the minimum reserve requirements unchanged.

02 Feb 10

Romanian Public Clerks on Strike

Around 45,000 public servants from the local administration sector launched a warning strike on Tuesday in protest at the government's decision to cut salaries and jobs in the public sector.

02 Feb 10

Romania Press Review ' February 2

Here are the top stories in Romania’s main newspapers. Balkan Insight has not verified the reports and cannot vouch for their accuracy.

01 Feb 10

Romania: Proposed Junk Food Tax Criticized

Representatives of the food industry on Monday said that plans to introduce a tax on fast food would raise food prices by around 20 percent, while 36,000 people would likely lose their jobs.

01 Feb 10