29 feb 2012

Austria's government invests a further EUR250 million in Volksbank’s capital after taking a 70% loss from a previous EUR1 billion injection, this being the third time since 2008 that the Austrian more

28 feb 2012

The growth rate of revenues from the value added tax slowed down in January to 15%, half of the growth recorded in the same month of 2011. The slowdown of revenues collected came as the base effect of more

27 feb 2012

Romanian central bank BNR has eased the minimum reserve requirements for banks, a measure that could release liquidity into the market, especially foreign-currency. more

23 feb 2012

Longer maturities on government bonds, a clear bond issuing calendar for the whole year, as well as sticking to the amounts in the issuing prospectus are the main recommendations of analysts for the more

22 feb 2012

The European bank deleveraging in Romania and the escalation of the sovereign debt crisis are the external risks Romania will continue to face, warn the analysts of Deutsche Bank, the largest German more

20 feb 2012

The new Government has not so far issued opinions on the performance of the economy or on concrete measures to support the economy, after the negative signals of the past few months. The more

20 feb 2012

Bank external debt at the end of 2011 was at a level comparable to that at the end of 2010. Long-term debt decreased by around EUR300 million, but short-term debt climbed significantly. This indicates more

16 feb 2012

The good news of Romania’s 2.5% gross domestic product growth last year is clouded by the prospects of a new recession, as a GDP decline is expected for the first quarter of 2012. more

15 feb 2012

Most analysts estimate the economy slowed down in the fourth quarter of last year as a result of the significant deterioration of the industry growth rate amid a slowdown of western economies, but more

13 feb 2012

The term of Romania’s new Prime Minister Mihai Razvan Ungureanu starts under tough circumstances: bad weather and recession in the euro zone. more

3 feb 2012

The central bank has cut the key rate by 0.75 percentage points since November, to 5.5% but a number of banks like BCR, Raiffeisen, Emporiki and Garanti did the exact opposite not long ago when they more

2 feb 2012

The Austrian banks cut exposure to Romania by some EUR1.9 billion in the third quarter of 2011 compared with the mid-year level, due to pressures to reduce vulnerability to risk and consolidate their more

31 ian 2012

The Government is caught in the middle of electoral pressure, street protests and forecasts of an economic growth slowdown. Monday morning, with the International Monetary Fund breathing down its more

30 ian 2012

The International Monetary Fund (IMF), which currently has one of the most optimistic forecasts for Romania’s economic growth this year, 1.8% to 2.3%, is getting ready to lower its estimates. Talks more

27 ian 2012

The republishing of the Tax Code, long awaited and expected for this year, will not take place within the next 2-3 years, believes Alex Milcev, Fiscal Assistance Partner at audit and consultancy firm more

25 ian 2012

Crowding and discontent, this was the atmosphere on Tuesday morning in front of the Fiscal Administration of Bucharest's 2nd district, where around 100 people were queuing up to submit the necessary more

20 ian 2012

The Romanian economy returned to positive territory last year, after two years of recession, but the growth of the gross domestic product was not felt by the people, as signs of a consumption rebound more

18 ian 2012

A consolidation of the banking system might occur where the market position and investment level no longer justify the presence of a bank in Romania or if they fail to find certain niches, believes more

16 ian 2012

An increase in euro financing costs and a higher leu/euro exchange rate volatility could be the first effects of rating agency Standard & Poor’s (S&P) decision to downgrade nine euro zone countries. more

13 ian 2012

Nokia's departure was one of the worst news of 2011, as Romania loses one of its largest exporters and a major temporary work provider. But the worst may be yet to come. more

11 ian 2012

Industrial output, one of the main economic indicators, continued its upward trend in November 2011, but at a much slower rate. It was one of the weakest year-on-year rises, as external demand more

6 ian 2012

Analysts welcome Romania’s central bank (BNR) decision to cut the main interest from 6% to 5.75%, considering the downward trend of inflation and the risks about an economic growth slowdown in 2012. more

4 ian 2012

The Romanian leu will remain relatively stable this year, fluctuating between 4.25 to the euro and 4.35 to the euro, a slightly narrower interval than last year. However, there is also the risk of more

31 dec 2011

Romania’s exports continued to increase in 2011, driven by foreign demand, though they slowed down in the second half, given the turmoil caused the sovereign debt crisis in the euro zone countries, more

29 dec 2011

Foreign direct investment (FDI) plummeted in 2011, as Romania was not really attractive to non-residents despite the return of its economy to positive territory. Signals for 2012 are not that more