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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
Call to Drop Tax on Tourism in Romania
Minister plans to boost foreign tourism by scrapping VAT on visitors.
FT Credits Balkan Cities as Cost Effective
Cities in the Balkans may score badly in some fields, but they score highly when it comes to labour costs.
Romanian Inflation Falls to Historic Low
Monthly inflation in Romania fell in January to levels not seen in decades, but concerns remain over the country’s overall chance of economic recovery.
Romania Ups Inflation Forecast to 3.2%
Romania's Central Bank has increased its inflation forecast for this year, though at well below 4 per cent, the rate is not seen as especially worrying.
Winter Freeze Forces Up Romania's Gas Bill
As gas consumption in soars in sub-zero temperatures, experts say the country will have to fork out for pricey imports from Russia.
Serbia, Bosnia Rank Low on Economic Freedom Index
Serbia and Bosnia rank lowest among Balkan countries in economic freedom survey.
Oil Companies in Romania Fined
In first such move in the EU, Romania's antitrust body has levied big fines against key oil players in the country.
Romanian State Companies to Donate 85% of Profit
In a controversial move, the Romanian government has ordered state companies to transfer most of their 2012 profits to the state budget.
Romania Aims To Attract More Skiers
Following a major upgrade of its main ski area, Bucharest will extend its ski season to four months a year.
Romania Energy Companies Merged Ahead of Sale
Merger of important energy companies in Romania opens the way for the privatisation of the new giant in 2012.
Nokia to Close Plant in Romania Early
The telecommunications giant is to close down its unit in Romania at the end of this month instead of at the end of the year.
Romania to Shed More Civil Service Jobs
Bucharest is to continue layoffs in the public sector next year, axing another 300,000 jobs.
Inflationary Spike Adds to Romania's Woes
Monthly inflation in Romania unexpectedly peaked in October, which economists blame on a sharp rise in heating bills after subsidies were axed for most families.
Romania to Sell Large Copper Mine
Romania has announced plans to sell the state owned copper mine Cupru Min Abrud through a tender.
Romania Against Contributing to EU Bank Shield
President says countries like Romania, whose banks are not heavily in debt, should not have to pay into the new, planned Europe-wide banking 'shield'.
Premium
Eurozone Crisis Hits Romania’s Embattled Middle Class
Uncertainty about the future of the single currency makes many Romanians concerned for their financial future.
Romania Dreams of Highways to the Future
Turkey’s Balkan Shopping Spree
Politics and Society
Romania Jails MP, Former Officials, For Abuse
A court in Bucharest has jailed a football club owner and other senior ex-officials for corruption.
Romania Football Officials Face Retrial
Romania Names Anti-Corruption Chiefs
Culture and Lifestyle
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.
