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romania-s-underground-economy-down-study-shows
13 May 13

Romania’s Shadow Economy Shrinking, Study Says

Greater use of electronic payments is responsible for part of the decrease in Romania’s shadow economy, a study by Visa says.

Latest Business News from Romania

romanian-online-shop-sold-for-80-million-usd
29 Nov 12

Romanian Online Shopper Sold for $80m

Naspers has expanded its online holdings by purchasing Romania's main online retailer.

romania-cancels-selling-stake-in-energy-company
20 Nov 12

Romania Cancels Selling Stake in Energy Firm

Poor market conditions force Bucharest to change plans to sell a minority stake in the Transgaz gas company

forbes-slovenia-and-macedonia-best-in-balkans-for-business
20 Nov 12

Slovenia, Macedonia Top Forbes' Business Ranking in Balkans

Forbes magazine has rated Slovenia and Macedonia as the best countries in the Balkans in which to do business. Serbia is rated worst.

imf-presses-romania-to-complete-reforms
15 Nov 12

IMF Presses Romania to Complete Reforms

Fund says Bucharest must implement promised reforms to conclude a new agreement; mission to return after December elections.

romania-looks-for-a-new-imf-loan
09 Nov 12

Romania's Feuding Leaders Agree on IMF Loan

Trying to guarantee economic growth, Romania's President and Prime Minister have agreed on the need for a fresh IMF loan.

forbes-crisis-dents-richest-romanians-wealth
30 Oct 12

Forbes: Crisis Dents Richest Romanians' Wealth

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

romania-partly-restarts-ailing-chemical-firm
29 Oct 12

Romania Partly Restarts Ailing Chemical Firm

The government has decided to re-start some activity at the debt-ridden Oltchim chemical plant but doubts about company’s future remain.

romania-to-name-first-private-boss-for-state-company
15 Oct 12

Austrian Tipped to Run Romania's Ailing Airline

Loss-making Tarom airline to get new boss from private sector in bid to return the company to profit.

austrian-tipped-to-run-romania-s-ailing-airline-0
15 Oct 12

Austrian Tipped to Run Romania's Ailing Airline 0

Loss-making Tarom airline to get new boss from private sector in bid to return the company to profit.

investor-allegedly-left-romania-with-clients-funds
12 Oct 12

Romania Investor Vanishes With Clients’ Millions

The hunt is on for Cristian Sima, who appears to have unexpectedly vanished, taking with him large amounts of his clients' money.

new-hydropower-plants-alarm-romanian-greens-0
11 Oct 12

New Hydropower Plants Alarm Romanian Greens 0

Boom in constructing small hydro-electric power plants is raising concerns about the potential environmental impact on pristine rivers.

romania-delays-privatisation-of-main-chemical-producer
18 Sep 12

Romania Delays Sale of Main Chemical Firm

The cash-strapped country has postponed the sale of the plastics manufacturer Oltchim.

report-bulgaria-relies-heavily-on-shadow-economy
13 Sep 12

Report: Bulgaria Relies Heavily on Shadow Economy

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.

romania-remains-firm-on-adopting-euro-by-now-at-least
06 Sep 12

Romania Committed to Joining Euro in 2015

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.

romania-reports-growth-in-tourists-number
05 Sep 12

TV Promotions Boost Tourism in Romania

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.

Politics and Society

romanian-mp-former-officials-jailed-for-abuse-of-power
21 May 13

Romania Jails MP, Former Officials, For Abuse

A court in Bucharest has jailed a football club owner and other senior ex-officials for corruption.

Culture and Lifestyle

romanians-ready-for-museums-night
17 May 13

Romanian Museums Prepare For All-Night Opening

The annual Night of Museums in Romania will involve exhibitions, dance and theatre performances, concerts and films in events across the country.