Romania

Romanian flag carrier Tarom reports losses amid claims of “sabotage” by new CEO

Iulian Ernst in Bucharest May 25, 2017

Tarom last posted a profit in 2007 and recently lost its leading position on the local market to low-cost carrier Blue Air.

Former Romanian tourism minister and ex-president's daughter indicted in corruption case

Carmen Simion in Bucharest May 24, 2017

Former minister Elena Udrea and Ioana Basescu indicted in case concerning financing for Traian Basescu's 2009 presidential election campaign.

New law to allow Romania’s “port oligarchs” to cash in

Clare Nuttall in Bucharest May 24, 2017

Private port operators to benefit from minimal rents at Romanian ports for the next decade if proposed law is adopted.

EBRD slams Romanian government for lack of progress on infrastructure development

Carmen Valache in Nicosia May 23, 2017

Unlocking infrastructure and energy projects is essential to improving Romania's attractiveness as an investment destination, development bank's vice president says.

CONFERENCE CALL: Europe slowly wakes up to Russian disinformation threat

Nicholas Watson in Prague May 19, 2017

While some fret Europe is not doing enough to counter Russian disinformation, others express concern at the STRATCOM Summit 2017 that focusing on this allows Moscow to set the agenda.

Romania’s parliament dismisses head of financial markets regulator

Iulian Ernst in Bucharest May 12, 2017

Misu Negritoiu claims dismissal - originally triggered by crisis on Romania's car insurance market - was politically motivated.

CEE'S TOP BUSINESS LEADERS: Southeastern Europe

bne IntelliNews May 11, 2017

Our look at which business leaders really matter in each CEE/CIS country, ranked by our correspondents not just on wealth but on influence.

Profi to target regional growth in Romania

Clare Nuttall and Carmen Simion in Bucharest May 11, 2017

After its takeover by Mid Europa Partners, supermarket chain Profi is taking modern retail into smaller Romanian towns.

Businesswomen seek a seat at the top table

Clare Nuttall in Bucharest May 11, 2017

The fall of communism has been followed by successive backlashes against feminism, the latest inspired by the election of populist rightwing governments.

CFA tries to raise financial awareness in emerging markets

Liam Halligan in Prague May 10, 2017

CFA Institute managing director Gary Baker talks to bne IntelliNews about winning back trust for the financial services industry and developing the sector's human capital.

CEE slowly warms up to energy efficiency

Carmen Valache in Lund May 10, 2017

Commercial banks have been slow to jump at the opportunity to finance small-scale energy efficiency projects because the return on investment for them tends to be low.

RCS&RDS management probed for corruption as parent company launches IPO

Carmen Simion in Bucharest May 7, 2017

Current and former members of RCS&RDS management board targeted in corruption investigation concerning football broadcasting rights.

Investors jump on Romania’s consumer bandwagon

Clare Nuttall in Bucharest May 4, 2017

Romania’s economy is set to be among the fastest growing in Europe this year, with consumer spending driven by tax cuts and public sector pay rises.

Anti-corruption protests erupt again in Bucharest

Carmen Simion in Bucharest May 3, 2017

Romanians are back on the streets after Senate's legal committee backs plan to pardon corrupt officials.

Romania’s industrial prices slide in February-March

Iulian Ernst in Bucharest May 3, 2017

Weaker energy prices the main cause of recent fall in industrial prices.

Telco Digi poised for Romania’s largest ever private sector IPO

Carmen Simion in Bucharest April 27, 2017

Shareholders of parent company of Romania's RCS & RDS could get up to €264.9mn from IPO.

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