This work deals with the translations of the well known Romanian literary works into Serbian language, as well as with the translations of Serbian works into Romanian language. Before nineteen sixties, Serbian literary circles were not familiar with the greatest literary works of Romanian literature. At the end of twentieth century, there were more and more translations of Romanian works, thus today, Serbian readers have a very rich collection of Romanian literature pieces translated into Serbian. Besides prose, poetry and theatre palys, Romanian literary critics and essays have been translated in recent years. This work deals with belletristic literature from its appearance in Serbia in 1940. until today.