21 nov 2014

Economic growth was close to 3% nine months into the year compared with the same period of 2013, following the surprising increase in the gross domestic product in the third quarter largely driven by more

18 nov 2014

Romania has elected a new president, Klaus Iohannis, but has the same government led by Prime Minister Victor Ponta, and no budget for next year. A budget, which, regardless of how it is devised, will more

11 nov 2014

Romania’s economy showed signs of a rebound in September but it remains to be seen whether the progress was enough for it to return to positive territory after having slipped into technical more

5 nov 2014

Romania’s central bank on Tuesday cut the key rate again, to 2.75%, in another attempt to encourage lending. Governor Mugur Isarescu urges banks to get close to their customers and not expect them more

24 oct 2014

The central bank and the Finance Ministry have only EUR2.2 billion left to repay of the loan Romania took from the International Monetary Fund in 2009, with the former repaying most of this amount, more

16 oct 2014

The attitude of tax authorities in Romania has been unmindful of the business sector and is now anti-business. This relationship between the tax authorities and the local business sector, the frequent more

9 oct 2014

The five-year term of the current Board of Directors of Romania’s central bank (BNR) is coming to an end, so a new board comprising new and already existing members will take over next week having more

1 oct 2014

The lower than expected economic growth, the low inflation level and still depressed lending activity, as well as the decision of the European Central Bank to cut monetary policy rate to an all-time more

1 oct 2014

Most money transfers to Romania operated through Western Union were made from Italy, Germany and Spain, and the average value of a transfer is around $300, said Daniela Budurea, Western Union country more

26 sep 2014

Banks in Romania need to complete balance sheet cleanup and focus on resuming lending, to the end of generating new sources of profitability and sustainable growth. more

20 aug 2014

The bad loan ratio has entered a downward trend in Romania after it peaked at 22.3% in March and analysts expect the trend to maintain amid the sale of certain portfolios of soured loans. more

5 aug 2014

Romania’s central bank (BNR) decision to cut the key rate to 3.25% was not an easy one considering the potential response of commercial lenders, as already seen, to first cut deposit interest rates, more

29 iul 2014

The government came with two successive waves of taxation changes in 2013, followed by a new taxation increase in the first half of this year, but despite the new or higher taxes, the total revenue of more

23 iul 2014

The World Bank/IFC, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) extended loans of around EUR400 million in the first year-half to Romania’s more

28 mai 2014

The macroeconomic indicators may have been good news, as the economic growth was beyond expectations in the first quarter of 2014, but budget revenue did not follow the same trend, merely rising by more

26 mai 2014

Financial analysts’ confidence in Romania’s economy reached a new all-time high in April, prompted by positive expectations about its performance in the coming period and the evaluation of the more

23 mai 2014

Foreign investors are calling on the Romanian government to scrap the tax on special constructions in its current form because it is expected to generate huge losses for companies by doubling or even more

21 mai 2014

The loan IFC, the World Bank’s investment arm, granted to Czech-held APS Holding for the takeover of NPLs in Romania is likely to be used by the company for the purchase of three or four portfolios, more

13 mai 2014

Banca Transilvania (TLV.RO) is in talks to buy a bank or a portfolio, with a possible deal set to be sealed if it brings added value and if it is related to the retail or SME segment, states Omer more

9 mai 2014

The foreign banks that participated in the Vienna Initiative and that hold around two thirds of the Romanian banking system's assets narrowed their exposure to local subsidiaries by 20% between March more

7 mai 2014

The latest March data show a rebound in lending, yet the rebound is not that strong, as the ‘divorce’ of banks and companies is still dominant. more

1 mai 2014

Romania set out to adopt the euro in 2019, when it will assume the EU presidency for the first time, Prime Minister Victor Ponta said on Wednesday. more

29 apr 2014

The Finance Ministry has almost EUR8 billion left to repay of the about EUR20 billion record loan it took out together with the central bank from international financial institutions in 2009 by 2023. more

28 apr 2014

Romania could see a rating upgrade from Moody’s if a pronounced acceleration in gross domestic product growth occurs without a widening of macroeconomic imbalances, along with a greater efficiency more

25 apr 2014

Romanian financial analysts’ confidence increased in March after improved expectations about the economy's performance over the next twelve months, confirming positive forecasts of other economists more