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

28 dec 2011

Romania sealed another two-year arrangement with the International Monetary Fund this spring, which it has so far treated as precautionary, as it has not drawn money from the amounts made available by more

22 dec 2011

Romanian banks are about to start reporting according to the international standards, which will heavily test their IT systems and administrative resources. more

19 dec 2011

The Finance Ministry will expand maturities of government securities, according to the requests of institutional investors and can even launch “specific instruments,” according to investor more

17 dec 2011

Romania needs public policies that would enhance domestic saving if it wants to benefit from additional liquidity estimated at around 17 to 18 billion lei (approximately EUR4 billion), said Ionut more

14 dec 2011

Romanian foreign direct investments, or FDI, amounted to just EUR133 million in October, while the EUR1.3 billion recorded in the first ten months covered only 32% of the current account deficit. more

12 dec 2011

The head of the National Bank of Romania’s supervisory department, Nicolae Cinteza, made his harshest statements about banks since the onset of the crisis three years ago, saying that with their way more

6 dec 2011

Mugur Isarescu, governor of the Romanian central bank BNR, hopes banks will reduce interests on loans, at least on leu-denominated ones, in line with the inflation decline, although the market trend more

25 nov 2011

The National Bank of Romania has abstained from criticism over the announcement of the Austrian supervisory authorities, while Erik Berglof, chief economist of the European Bank for Reconstruction and more

25 nov 2011

The Romanian Banking Institute (IBR) marked its twelfth anniversary by launching two courses for bankers on the Romanian market – Chartered Banker and compliance analysts or officers, offered in more

21 nov 2011

Romania was the biggest positive surprise in the region given the 4.4% economic growth it recorded in the third quarter, note analysts of Barclays Capital, the investment division of one of the more