Greater use of electronic payments is responsible for part of the decrease in Romania’s shadow economy, a study by Visa says.
Naspers has expanded its online holdings by purchasing Romania's main online retailer.
Poor market conditions force Bucharest to change plans to sell a minority stake in the Transgaz gas company
Forbes magazine has rated Slovenia and Macedonia as the best countries in the Balkans in which to do business. Serbia is rated worst.
Fund says Bucharest must implement promised reforms to conclude a new agreement; mission to return after December elections.
Trying to guarantee economic growth, Romania's President and Prime Minister have agreed on the need for a fresh IMF loan.
The collective wealth of the richest Romanian businessmen has fallen by about 9 per cent compared to last year, according to the Forbes Romania Rich List
The government has decided to re-start some activity at the debt-ridden Oltchim chemical plant but doubts about company’s future remain.
Loss-making Tarom airline to get new boss from private sector in bid to return the company to profit.
Loss-making Tarom airline to get new boss from private sector in bid to return the company to profit.
The hunt is on for Cristian Sima, who appears to have unexpectedly vanished, taking with him large amounts of his clients' money.
Boom in constructing small hydro-electric power plants is raising concerns about the potential environmental impact on pristine rivers.
The cash-strapped country has postponed the sale of the plastics manufacturer Oltchim.
A large number of Eastern Europe's workers and firms are engaged in the 'shadow economy' and Bulgaria tops the blacklist, a World Bank report shows.
Bucharest intends to stick to a 2015 deadline to adopt the European single currency, though experts are cautious about whether the country stands to benefit from adopting the euro.
More than 4 million foreign tourists visited Romania in the first seven months of this year, over 12 per cent more than visited the country in the same period in 2011.
Uncertainty about the future of the single currency makes many Romanians concerned for their financial future.
A court in Bucharest has jailed a football club owner and other senior ex-officials for corruption.
The annual Night of Museums in Romania will involve exhibitions, dance and theatre performances, concerts and films in events across the country.