21 mar 2013

The economic crisis caused losses for around half the 42 banks on the Romanian market, with the budget “losing” a big share of the resources that banks used to pay in profit tax, as the overall more

13 mar 2013

The ten biggest debtors to Romania’s general consolidated budget, seven of which are state-run companies, had overdue payments of 14.5 billion lei (around EUR3.3 billion) in taxes and contributions more

7 mar 2013

Romania meets conditions for repealing the excessive deficit procedure, with the budget deficit sliding below 3% of the gross domestic product in 2012 and likely to stay below that ceiling in 2013 and more

4 mar 2013

Germany forgets that it does EUR9B worth of business in Romania and rejects Romania’s Schengen entry in a political statement. The costs of the postponement amount to hundreds of millions of euros more

26 feb 2013

One of Romania’s structural problems is that it does not have enough medium-sized entrepreneurs with local capital that are able to expand regionally, so one needs to encourage local players, said more

20 feb 2013

The turnover per employee exceeded EUR100,000 per person in foreign companies in 2011, almost double as high as for the entire economy. more

18 feb 2013

Investors in the U.S. and the UK bought almost 80% of the $1.5 billion bonds that Romania issued on Thursday on the US market, but the US-denominated bonds also generated interest among German, more

6 feb 2013

The major problem of banks in Romania is that they are very much stuck in consumer lending and have not developed their capability to finance the entrepreneurial sector, believes central bank (BNR) more

4 feb 2013

Interest rates are declining and the leu is appreciating, while consumption is down, the economy is stalling and there is no improvement in standards of living. more

31 ian 2013

Cutting social security contributions is a way to stimulate the economy, given that Romania has remained one of the countries with the highest levels of social security contributions, 44.45% of the more

29 ian 2013

The precautionary arrangement that Romania sealed with the International Monetary Fund in the spring of 2011 and which was supposed to end in April 2013 has reached a turning point: Romania asked for more

28 ian 2013

The freeze on EU funding and the sluggish economic activity widened Romania’s budget gap in 2012, causing the country to miss its budget deficit target agreed with the International Monetary Fund, more

24 ian 2013

The revised fiscal-budgetary strategy for 2013-2015 can be considered a new governing program of the Ponta 2 Government and one closer to reality. Future policies will most likely be built around more

22 ian 2013

Romanian authorities’ enthusiasm regarding the economic growth has been tempered by discussions with the experts from the International Monetary Fund, the European Commission and the World Bank, more

17 ian 2013

Banks in Romania continue to charge fees for the administration of the current account, and they remain high, while in Germany there are banks with zero fees, said Radu Merica, president of the more

14 ian 2013

Liviu Voinea, minister-delegate for the state budget, said in an interview for Ziarul Financiar, that the Ponta Government inventoried state assets, both in public institutions and state-run more

3 ian 2013

The Romanian leu could stabilize at 4.5 against the euro in 2013 and will see no more sudden fluctuations because the country's political situation has stabilized and the central bank continues to more

28 dec 2012

Economic analysts anticipate the economy will grow in 2013, with estimates for an increase of the gross domestic product ranging between 0.5% and 2.2% after the Romanian economy returned to negative more

19 dec 2012

The Ponta II Government will be faced with the repayment of the bulk of the record EUR19 billion loan that Romania took out from foreign lenders. The loan was approved in 2009 during the Democrat more

13 dec 2012

Instead of simplifying the administrative apparatus as it had promised to do, the ruling coalition wants to create new ministries. more

6 dec 2012

Bankers have ceased promoting loans in lei and even made them more expensive over the past few months. The high interests that once discouraged customers from borrowing in domestic currency are making more

19 nov 2012

Bank analysts expect Romania’s economy to grow 1.2% on average in 2013 after a mere 0.5% rise in 2012, a pessimistic forecast compared with foreign institutions’ estimates. more

29 oct 2012

Romania’s euro-zone entry in 2015 is difficult to achieve and the new government that will be formed after December’s parliamentary elections is set to decide if the timeline for adopting the more

25 oct 2012

The Government must decide which companies it keeps and privatize or liquidate the remaining ones because the Romanian sector of state-run enterprises is still oversized even when considered against more

22 oct 2012

Companies that will enforce the system of collecting VAT upon invoice payment as of 2013 have to submit to the fiscal authorities by Thursday, October 25, a notification proving that their turnover more