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Latest Business News from Romania

22 Nov 07 / 12:07:00

Romania Currency Weakens

Bucharest_ The Romanian leu fell to around 3.60 lei to the Euro on Thursday, its lowest level in almost 18 months.

14 Nov 07 / 08:29:00

Bucharest _ The European Commission on Wednesday gave Romania one more month to correct deficiencies in its farm payments systems, but analysts are skeptical that Bucharest will be able to meet the deadline.

14 Nov 07 / 08:29:00

Romania Seeks to Bring Workers Home

Bucharest _ Romania will step up efforts to keep workers at home in order to respond to domestic labor shortages, Prime Minister Calin Popescu Tariceanu said Wednesday.

06 Nov 07 / 08:30:00

Romania Sells Engineering Plant

Bucharest _ Romania has sold a major engineering firm, Electroputere Craiova, to a Saudi Arabian company for €120 million, Romania’s Authority for State Assets Recovery, AVAS, said on Tuesday.

24 Oct 07 / 08:35:00

Bulgaria and Romania See FDI Surge in 2006

Sofia_Bulgaria was a regional leader in foreign direct investment, FDI in 2006, according to the World Investment Report 2007 published by the United Nations Conference on Trade and Development, UNCTAD.

22 Oct 07 / 08:35:00

Romania Farmers Demand Higher Subsidies

Bucharest _ Some 150 cattle farmers protested on Monday outside the agriculture ministry in the Romanian capital, calling for higher subsidies.

25 Sep 07 / 08:41:00

Romanian MPs Reject Sale of Dracula's Castle

Bucharest _ Romania’s lower house of parliament on Tuesday approved a parliamentary report which says Bran Castle, better known as Dracula’s castle, cannot be sold by its owner.

19 Sep 07 / 04:36:00

Work on Danube Bridge to Accelerate

Sofia _ Bulgarian Prime Minister Sergei Stanishev and his Romanian counterpart, Calin Popescu-Tariceanu, have confirmed their support for the speedy construction of a second Danube bridge connecting their countries.

07 Sep 07 / 06:53:00

Ford in Bid to Buy Romanian Car Plant

Bucharest _ Ford Motor Co. has made an offer of 57 million euros for a majority stake in the Romanian car manufacturing plant formerly owned by South Korea’s Daewoo Motor, Romania's Authority of State Assets Recovery, AVAS said Friday.

04 Jul 07 / 03:08:00

US Ford To Buy Romanian Car Plant

Bucharest __ Ford Motor Co. has been selected as the buyer of a majority stake in a Craiova car manufacturing plant formerly owned by South Korea’s Daewoo Motor, Romania's Authority of State Assets Recovery, AVAS said Friday.

11 Jun 07 / 03:06:00

Italy's Enel Acquires Romanian Power Company

Bucharest_Romanian electricity distributor Electrica Muntenia Sud, or EMS, was acquired by Italy's Enel in a deal valued at 820 million euros, following signing of the privatisation contract on Monday.