21 nov 2013

Romania will most likely adopt the euro in 2021, with the timeframe for joining the euro zone moving further into the future as living standards and work productivity gaps need to be bridged. Analysts more

18 nov 2013

Romania’s Finance Ministry anticipates that banks and companies, as well as individuals, will earn higher income in the years to come and will contribute more to the budget than the amounts expected more

15 nov 2013

Romania’s 4.1% economic growth in the third quarter has taken everybody by surprise, including analysts and businesspeople. more

13 nov 2013

Romanian Minister for Budget Liviu Voinea says 127 major investment projects worth a total of 148 billion lei (EUR33.2 million) will to be included in the state budget for 2014, which will be more

6 nov 2013

Analysts say the new taxes to be levied as of 2014 will indirectly also affect the population, leaving less money in Romanians’ pockets for consumption. more

5 nov 2013

The Romanian state collected only 15.7 million lei from banks in the first nine months of this year as earnings tax (tax on profit), 18 times less than in the similar period of 2012, and central bank more

30 oct 2013

The problem of tax evasion is systemic and has been perpetuated over time, affecting budget revenue collection. It has also affected honest companies, which have to compete against many players who more

24 oct 2013

Businesspeople in Romania have started to draft next year’s budgets for their companies, but they cannot use the country’s 2014 draft budget as reference point because the latter will be finalized more

23 oct 2013

Romania's 2012 budget deficit was barely kept within the target of 3% of the gross domestic product agreed upon the international financial partners, under the European System of Accounts (ESA 95) more

16 oct 2013

The Netherlands, Austria and Germany fetched around half the total volume of foreign direct investments in the past five years, remaining in the top three every year, according to data from central more

3 oct 2013

Romania’s real GDP will return to the pre-crisis level in 2014, after six years and after borrowing EUR20 billion from international lenders. The country’s the public debt has doubled in the more

2 oct 2013

The three- and six-month ROBOR rates, the indicators of the money market used as a reference when setting prices for leu loan contracts, have plunged to all time lows of less than 4% this year. This more

24 sep 2013

Overdue debts of private companies and state-owned companies in Romania increased between 2008 and 2012, reaching around 20% of the country’s gross domestic product (nearly RON120 billion). more

19 sep 2013

Romania’s domestic and external public debt sped up during the five years since the crisis began, and has now more than doubled compared with the end of 2008, to over 250 billion lei (EUR56 more

17 sep 2013

Slowness and fear of taking decisions are among the main reasons why Romania lacks foreign investments, believes Mihai Bogza, president of the Foreign Investors Council (CIS) and chairman of more

9 sep 2013

The lack of transparency, efficiency and responsibility of the public local administrations can be a major risk for Romania’s economy and more transparency could be the way to avoid potential more

5 sep 2013

Romania’s economic growth would have been 3% in the first half of the year if investments had at least been flat. more

23 aug 2013

The Romanian leu has gained ground in 2013 against the main currencies, whereas the currencies of Latin American and Asian countries are severely affected by the withdrawal of foreign capital. more

21 aug 2013

Audit and consultancy firm KPMG is involved in a transaction to sell a portfolio of non-performing loans with a nominal value of over EUR100 million, Serban Toader, Senior Partner of KPMG Romania, more

20 aug 2013

The Romanian Finance Ministry has put aside a forex reserve of EUR6 billion, the so-called “fiscal buffer” needed to supply liquidity in case of new shortages on financial markets and if Romania more

8 aug 2013

Romania’s state budget for 2014 is built on 2.2% growth, Minister-delegate for Budget Liviu Voinea said, adding that the Government is seeking to lower social security contributions and increase more

8 aug 2013

Analysts are skeptical there will be significant progress in terms of structural reforms. “Romania will continue to promise to do things the IMF way and do whatever it wants.” more

23 iul 2013

The National Statistics Institute is set to announce the economic growth for the first half of the year in mid-August, but estimates have already appeared, suggesting GDP growth of between 1.8% and more

10 iul 2013

US giant JP Morgan revised upward its forecast for Romania’s gross domestic product to 2.6% in 2013, from 1.9% previously, which is one of the most optimistic forecasts for this year. more

28 iun 2013

Bank analysts say Romania needs a new loan with the International Monetary Fund after the Executive Board of the financial institution completed the last two reviews of Romania’s stand-by loan more