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Latest Business News from Romania

14 Nov 08

Bids Invited for Serbia's FAP

Belgrade_Serbia’s Privatization Agency has launched its second attempt to sell a majority stake in the state-operated Fabrika Automobila Priboj, a loss-making truck and utility vehicles producer.

13 Nov 08

Romanian Anti-Crisis Package Criticised

Bucharest _ Romanian economic analysts and opposition politicians have criticised a government program designed to support economic growth, saying that the plan is "unrealistic" and "politically motivated".

12 Nov 08

Global Crisis Hits Romanian Companies

Bucharest _ A growing number of Romanian companies are experiencing cash flow problems and have begin to announce plans to reduce activity or to cut jobs.

11 Nov 08

Romanian Clerks Cancel Planned Strike

Bucharest _ Thousands of civil servants in Romania have decided to cancel a general strike planned for this Thursday, following negotiations with the government.

11 Nov 08

Romania's October Inflation Up 7.4%

Bucharest _ Inflation in Romania during October rose to 7.4 per cent compared to a year earlier due to the continued high cost of food and a weaker currency, the country's Statistics Office said on Tuesday.

10 Nov 08

Fitch Cuts Romania's Rating to 'Junk'

Bucharest _ The ratings agency Fitch on Monday downgraded its sovereign ratings for Romania to below investment-grade.

06 Nov 08

Romania Unemployment Up To 4% in Oct

Bucharest _ Romania’s unemployment rate rose by a small fraction in October to 4 percent, the National Employment Agency, ANOFM, said on Thursday.

04 Nov 08

Romania Average Pay Climbs 24.6% in Sept

Bucharest _ The average net salary in Romania was up 24.6 percent year-on-year in September, according to the National Statistics Board.

03 Nov 08

Romania Raises Inflation Forecasts

Bucharest _ Romania's central bank, BNR, on Monday raised this year’s inflation rate to 6.7 percent from an earlier forecast of 6.6 per cent.

03 Nov 08

Romania PM Asks Teachers to End Protests

Bucharest _ Romanian Premier Calin Popescu Tariceanu has urged teachers to end their protests and accept the postponement of a major salary hike.

29 Oct 08

Romanian Teachers to Go on Strike

Bucharest _ The main teachers’ union in Romania are threatening to launch a strike next week in a protest against the centrist government’s move to postpone a 50 percent pay hike.

29 Oct 08

Romania Govt Endorses 2009 Budget

Bucharest _ The Romanian Government has passed the public budget for next year but failed to allocate any funds for a 50 percent increase in teachers' wages.

28 Oct 08

Romania Denies Talks with IMF Over Loan

Bucharest _ The Romanian government has not had discussions with the International Monetary Fund over possible financial support but they are in "close dialogue", officials in Bucharest say.

27 Oct 08

S&P Lowers Romania's Foreign Debt Rating

Bucharest _ Romania's foreign-currency debt rating was lowered by Standard & Poor's due to concerns over its access to external financing, news wires report.

27 Oct 08