EU finance ministers approved Romania's deficit-cutting plan on Tuesday to bring its fiscal deficit below 3% of national output by 2030, a move Bucharest hopes will help reassure investors about its economic outlook and tame surging bond yields.

We look at India and Romania's economic ties that are advancing in areas such as trade, defense, agriculture, space exploration, and energy.

Romania's largest natural gas producer, Romgaz, has awarded a EUR 226,000 consulting contract to Schlumberger, the world's largest onshore and offshore drilling services company, to assist in repurposing its depleted gas fields into carbon dioxide (CO2) storage facilities,

Encouraged by his position as the coalition’s power broker, UDMR leader Kelemen Hunor (leader of the Democratic Alliance of Hungarians in Romania) has

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Polls show that if the elections (against the background of Romania's involvement in the fight against Russia) are held today, then independent suveranist candidate Calin Georgescu can win them even in the first round,

In January, gas supplies via the European route of the Turkish Stream reached an average daily record. The Balkans and Romania needed Russian gas. If Serbia and Bulgaria were temporarily left without supplies from Azerbaijan,

Romania will set up and operate its first fish farms in the Black Sea this year, as announced by environment minister Mircea Fechet, with certain areas already assigned for future farms. Investments are long overdue,

E.ON Energie Romania is one of the European Union member's biggest gas and electricity providers, serving around 3.4 million customers. MVM Group is the main energy supplier in Hungary, a 100% state-owned company, ranking as the sixth in Central Europe and it wants to acquire the Romanian firm's gas and electricity supply division.

EU finance ministers on Tuesday formally approved France's multi-annual budget plan, despite its scaled-back ambitions to rein in the country's ballooning budget deficit this year.

Romanian Railways has announced Railworks as the preferred bidder for a $US 474.5m contract to upgrade a main line in southern Romania.

The European Union’s finance ministers have welcomed and approved Romania’s move to reduce its fiscal deficit below 3% of national output by 2030. Authorities in Bucharest hope the plan will ease investor concerns about the country’s economic outlook and steady bond yields that have been in a state of flux.