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Latest Business News from Romania

28 Jan 10

Romania to Lift Energy Emergency

On Friday the government in Bucharest will lift an energy emergency declared after freezing temperatures earlier in the week strained the country's gas delivery system, local press reports.

27 Jan 10

IMF to Resume Aid to Romania

Romania on Wednesday got news of the unblocking of the €20 billion International Monetary Fund and European Commission-led aid package, two weeks after the crisis-hit country passed an austerity budget.

27 Jan 10

Romania Press Review ' January 27

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

26 Jan 10

IMF, Romania Reach Agreement on Key Bills

The International Monetary Fund, IMF, and the European Commission have reached an agreement with the Romania's government on the content of bills on public pensions and fiscal responsibility, IMF mission Romania head Jeffrey Franks said on Tuesday.

25 Jan 10

EBRD: Gradual Recovery in South East Europe

Serbia and Macedonia’s economies may benefit from a rebound in metals prices and see steady growth in the coming two years, the European Bank for Reconstruction and Development, EBRD, said.

22 Jan 10

Romanians Still Worried by Financial Crisis

Around 48 per cent of Romanians say their financial situation worsened during the last year due to the global financial crisis, while only 14 per cent say it improved, according to a poll published on Thursday.

21 Jan 10

Romania: Good Chance of Unblocking IMF Loan

Romania has an “extremely good” chance of unblocking a 20 billion euro International Monetary Fund, IMF, and European Commission led aid package, following Parliament's adoption of an austerity package last week, central bank Vice Governor Cristian Popa said.

21 Jan 10

Balkans Becoming Economically Freer, Says Index

Albania has region’s freest economy, Bosnia the least free, while Bulgaria is sole country in region whose score has dropped.

15 Jan 10

Romania Adopts Key Austerity Budget

After four days of debates, Romania's Parliament on Thursday evening passed this year’s budget with 198 votes for and 132 against, paving the way for further key aid disbursements.

13 Jan 10

Romania Finance Minister Hires Media Starts

A local rock star, who is also the host of a TV show, together with a former media celebrity, have just been appointed as media advisers for Romanian Finance Ministry, in order to improve the ministry's public communication efforts.

13 Jan 10

Romania Debates Austerity Budget

Romania's Prime Minister Emil Boc says he expects parliament to adopt the budget for 2010 by 15 January. The budget is key to the continuation of an International Monetary Fund, IMF, led aid package, crucial for stabilising the country's economy.

12 Jan 10

Romania 2009 Inflation Slips to 4.7%

Annual inflation in Romania dropped last year to 4.7 per cent from 6.3 per cent in 2008, the National Statistics Institute reported on Tuesday.

07 Jan 10

Romania Unemployment Almost Doubles

Romania’s unemployment rate almost doubled in December compared with a year-before, hitting the highest levele in the last six years the National Employment Agency, ANOFM, said on Thursday.

07 Jan 10

Croatia Best Place to Live in the Balkans

The Quality of Life Index, published by International Living magazine for the 30th year, has ranked Croatia as the best place to live in the Balkans.

06 Jan 10

Romania Oil Giant Buys Kazakh Rights

Petrom, Romania's main oil company, has bought Korned LLP, a firm that owns an exploration licence of an oil field in Kazakhstan for an undisclosed price, the firm said on Wednesday.