04.04.2023

Romania has been a strong performer among emerging economies, though periods of economic overheating have caused concern at times, but economic perspectives have deteriorated significantly since the more

09.09.2022

The European Commission (EC) has approved a Romanian aid scheme worth EUR4 billion to support the companies affected by Russia’s invasion of Ukraine. more

09.06.2022

The summer 2022 Standard Eurobarometer survey shows increased trust of citizens in the European Union (EU) and continued strong support for the EU's response to the Russian aggression against Ukraine. more

03.01.2022

President Klaus Iohannis said on Tuesday, in the context of Russia’s invasion of neighboring Ukraine, that Romania would increase the government expenditure on defense to 2.5% of gross domestic more

09.20.2021

Romanian executive Marius Dorner will become global subsidiaries group head of Citi’s Russia, Ukraine and Kazakhstan (RUK) cluster and of Citi Russia on November 1, 2021, subject to approval by the more

08.05.2015

Romanian executive Silviu Popovici took the reins of PepsiCo operations in Russia, Ukraine the CIS early this month, 12 markets in all that generate more than $5 billion revenue. more

06.26.2015

Romanian state-owned airline Tarom has been trying unsuccessfully in the last year to get Russia’s approval to use its airspace to operate the Bucharest-Beijing direct flight, Tarom sources told more

11.03.2014

One of the most important tasks for Silviu Popovici, the Romanian executive who is running the EUR5 billion Russian operations of soft drinks producer Pepsi Co, is to put together a team capable of more

10.08.2014

Renault's Duster is the fourth of 25 best-selling car models in Russia in January-September, while the Logan is eighth and the Sandero 15th, according to data released Wednesday by the Association of more

10.01.2014

Romania energy minister Razvan Nicolescu said, after talks with the Russian ambassador to Romania, Oleg Malginov, on the gas imports cut in September, that there is no guarantee that the situation more

08.07.2014

Vehicle sales account for one third of Romania’s exports to Russia, which rose by $500 million last year, to $1.84 billion, and cars, machinery and electrical equipment make up a quarter of exports, more

05.20.2014

The United States can help the European countries, including Romania, reduce dependence on Russian oil and natural gas, U.S. vice-president Joe Biden stated Tuesday, adding that Russia should not use more

04.24.2014

Romania faces “manageable economic risks” in the context of Russia-Ukraine tensions, due to the reduced exports to Russia and Ukraine, low dependence on Russian gas and no direct links between more

04.03.2014

Leszek Balcerowicz, former Finance minister of Poland and president of the country’s central bank, says the Ukraine-Russia conflict is an European problem and Putin’s actions should not be ignored more

11.13.2013

Romanian carmaker Dacia’s SUV, the Duster, was the fourth best-selling car model in Russia in the first ten months of the year, according to data released Wednesday by the Association of European more

04.19.2013

The partnership between Romania and Russia in the natural gas sector is working as it should, but things could get bumpy due to some problematic EU regulations, the head of Russian Federal Agency more

04.15.2013

Accessories and jewelry retailer Meli Melo Paris opened its first store in Sofia, Bulgaria at the end of March, following a EUR100,000 investment, and plans to open a store in Moscow, Russia, later more

01.15.2013

French group Renault, owner of Romanian carmaker Dacia, sold 58,732 Logan models in Russia in 2012, down 28% on the year, according to the carmaker committee within the Association of European more

10.22.2012

Russia will send specialists to Romanian meat production and processing units interested to export on the Russian market, which could result in lifting a ban instated in 1996 for imports of meat and more

09.19.2012

Romania’s government Wednesday said it will launch renegotiations with Russia on several agreements regarding natural gas transportation on Romanian territory, after the European Commission has more

05.03.2012

Romanian President Traian Basescu said Thursday that Moldova is unlikely to turn into a buffer-state between NATO and Russia, on account of Romania hosting elements of the missile defense system, but more

03.17.2012

With two exceptions, every bill paid by Romania over the past eight years for natural gas supplied through intermediaries from Russia has been higher than $1 billion. Last year, the cost was $1.57 more

03.07.2012

Dacia’s new Logan model might be launched at the end of 2012 or early next year, said Renault sales manager Jerome Stoll, cited by Russian new agency Ria Novosti. more

03.03.2012

Romania wants a stronger dialog with Russia in order to clarify and solve some outstanding problems with a view to establish an economic partnership based on mutual respect and benefits, Romanian more

10.05.2011

U.S. irrigation systems maker Toro, with $1.7 billion in sales worldwide, starts manufacturing of irrigation systems in its factory in Ploiesti on Wednesday. The company has exports to Ukraine and more