Articles 376 - 400 of 517 by " Claudia Medrega"
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Central Bank Governor Reluctant To Comment On Political Situation
13 iul 2012
Mugur Isarescu, the governor of the National Bank of Romania (BNR), on Thursday was very reluctant to comment the situation on the local political scene, which is keeping the leu under pressure and more
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Paying VAT After Invoices Are Cashed Is A Breath Of Fresh Air For Companies, But IMF And EU Consent Is Necessary
12 iul 2012
Payment of VAT when invoices are paid, not when they are issued, for companies with turnovers of up to EUR500,000, would be beneficial for companies with liquidity problems and could help economic more
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Romania Needs Investors And Capital, Not Political Battles For All Europe To See
10 iul 2012
While USL fights to suspend president Traian Basescu, the leu’s fast depreciation continues, absorption of EU funds is catastrophic and foreign investors are becoming nervous. more
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Analysts See Inflation At 3.7% By Yearend
9 iul 2012
The increase in consumer prices in June will be 2.1% and the annual inflation rate will go up to 3.7%. These are the estimates of the Association of Financial-Banking Analysts of Romania. more
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Good Signs From Industry And Constructions In May. Energy Consumption Is Down
9 iul 2012
The turnover and new orders in industry recorded rises in May, as did construction works, while energy consumption remained on the decline, according to data from Romania’s statistics institute. more
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Political Instability May Cost Romania EUR1 Million A Day Because Of Higher Interest Rates
6 iul 2012
The persistence of political turmoil affects Romania’s perception by foreign investors and may lead to higher borrowing costs, which in turn will have a significant impact on the spending on the more
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IMF: Political Pressures In Romania Will Be Strong Over Coming Months
4 iul 2012
The International Monetary Fund expects political pressures for relaxing fiscal consolidation and structural reforms to intensify despite the new government strongly affirming its commitment to the more
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Farming Output Will Breathe Life Into The Economy In 2012 As Well
3 iul 2012
This year’s grain harvest is estimated at almost 18 million tons, just 7% lower than the record-high 2011 figures. Converted in money, as prices remained high, almost EUR5 billion should go into more
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Average Net Wage In BNR Three Times Higher Than Romania's Average Salary
3 iul 2012
The average monthly net salary in Romania's central bank, or BNR, was around 5,000 lei (EUR1,180), higher than the average gain in commercial banks and three times higher than the net wage in the more
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BNR Turns Into Surrogate Parent For Foreign-Held Romanian Banks
28 iun 2012
For the first time ever, Romania’s central bank (BNR) says financing of foreign-held banks by their parent banks is uncertain and therefore finds it has to lend them money itself. more
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The EUR1B Credit Line From World Bank Is Like Car Insurance – You Have An Accident, You Get The Money
15 iun 2012
The EUR1-billion credit line for Romania approved on Tuesday by the World Bank (WB) is the first loan of this kind that a European country takes out, and will consolidate the liquidity reserve of the more
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Finance Ministry Pays More And Borrows Less On Local Market
13 iun 2012
Yields on government bonds have risen again in the past few weeks as has Romania’s CDS, as well as interest rates on the interbank market. This at a time when risk aversion in Europe is on the rise more
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World Bank Discusses Romania’s EUR1B Loan On Tuesday
11 iun 2012
The World Bank has scheduled for Tuesday the meeting of the Board which will discuss granting the EUR1 billion loan to Romania, Stefan Nanu, Romania’s representative at the international financial more
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How Much Further The Leu Can Depreciate And Who Would Be Affected By A Euro Worth RON5
8 iun 2012
The depreciation of the leu towards RON5 per euro would affect Romanians whose loans in euros are worth EUR3.5 billion and would lead to a deterioration of banks’ loan portfolios and an increase in more
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Vasilescu: BNR Will Use “All Its Instruments” To Stop An Excessive Depreciation Of The Leu
7 iun 2012
The National Bank of Romania doesn’t plan on sitting idly by, but will use all the instruments at its disposal if an excessive appreciation of the US dollar might endanger the price stability and more
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Romania's Public Debt Nears 40% Of GDP
22 mai 2012
Romania’s public debt is approaching its sustainability limit, 40% of GDP, the maximum level accepted by investors. At the price of creating a liquidity buffer, the growth of the public debt was more
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BNR’s Greatest Fear: Aggressive Lending Cut By European Banks
21 mai 2012
The fast, excessive and erratic reduction of lending by euro zone banks on the local market is the greatest risk threatening Romania, the central bank (BNR) believes, as a consequence of the more
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Firms Liquidate Deposits Above EUR100,000 From Banks Because Of Lower Interest Rate
21 mai 2012
Almost 1,000 companies with bank deposits above 100,000 liquidated their deposits, while the number of depositors holding less than that amount fell by 7,800, according to the bank deposit guarantee more
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Should The Economy Adjust To An Exchange Rate Of RON4.5 Per Euro?
18 mai 2012
The depreciation of the Romanian leu is helping exporters and encourages lending in local currency, but it is also boosting non-performing loans and increases people’s fears, which will impact more
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Central Bank Worried About Capital Outflows From Banking Market
11 mai 2012
The significant reduction in the exposure of eurozone parent banks to financial markets in the region, including Romania, and the higher volatility of capital flows in general, have become two of the more
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New Government To Free Up EUR400M For Consumer Spending And Drive Deficit To 2.2% Of GDP
7 mai 2012
The gradual restoration of public sector wages and paying back health insurance contributions collected from pensioners could have a negative impact of about 1.7 billion lei (about EUR400 million), more
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Politicians Play Ping Pong With Public Sector Workers’ Wage Raises
4 mai 2012
High officials are tossing the issue of increasing public sector wages back and forth, while the Romanian currency is depreciating and rating agencies warn that a prospective increase in the budget more
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PM-Designate Victor Ponta Wants To Boost Wages And The Deficit Target Agreed With The IMF
1 mai 2012
Prime Minister-designate Victor Ponta said, after the “informal” talk with the joint delegation of the International Monetary Fund, the European Commission and the World Bank, that there are more
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Quicker Payments To Budget Saved First-quarter Deficit Figures
27 apr 2012
The spectacular rise of collection from the corporate tax and the higher amount attracted to the budget in March from individual income taxes contributed to the rise of budget revenues by 16.2% more
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Budget Deficit Target Already Under Threat As Public Debt Is Rising Fast
25 apr 2012
Romania's budget deficit in the first two months was the same as in 2011, while public debt continued to rise fast because of the Finance Ministry's policy to borrow aggressively from markets for fear more