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

17 nov 2011

Most analysts have revised or are preparing to revise upwards their forecasts for economic growth for this year by around one percent point, towards 2.5%, after above-expectations data were announced more

16 nov 2011

The burden of the fiscal system on the business sector is not the amount of taxes but the excessive red tape, which continues to annoy businesspeople. more

15 nov 2011

The National Statistics Institute is due to announce its flash estimate of the gross domestic product growth for the third quarter on Tuesday. Most analysts expect an annual GDP growth of about 3% in more

14 nov 2011

The Government expects budget revenues to grow 7% next year if the flat tax remains at 16% and VAT stays at 24% under the scenario of a 2% positive economic growth and an improvement in tax collection more

11 nov 2011

The bridge bank – the latest concept of financial institution to be launched on the Romanian market – is a lending institution that could appear on the market when the National Bank of Romania more

9 nov 2011

The National Bank monitors banks’ liquidity and solvency and has so far noticed no net capital outflows, but does not rule out such moves occurring in the future. more

9 nov 2011

The long-awaited new investments financed and accepted as completed by the government in the first half of this year, which should have given the economy a boost, actually dropped by almost 60% more

4 nov 2011

Next year’s economic growth forecast could be set at 2.2% and the budget deficit target at 1.9% of GDP using the Romanian methodology of accounting (cash), according to sources close to the talks more

3 nov 2011

The persistence of low demand in the economy and the weak lending have persuaded the central bank (BNR) to finally relax the monetary policy after an eighteen-month hiatus. more

2 nov 2011

The more significant economic growth in the third quarter, estimated at 3%, has been noticed especially by businesspeople working in the agricultural sector, in tourism and in exports, but not on the more

1 nov 2011

The better than expected economic growth in the third quarter, which President Traian Basescu puts at 3%, is driving analysts’ estimates for the entire year up towards 2% compared with 1.5% as more

28 oct 2011

The financial system invests in the future, takes on risks, so it is impossible for it not to be in offside position from time to time. Financial crises cannot be avoided, they can only be minimized, more

27 oct 2011

The risk of foreign banks starting to repatriate capital has alarmed the authorities so much that President Traian Basescu, the Finance Ministry and the National Bank (BNR) are talking in unison about more

26 oct 2011

Romania has entered a really tough month. The government in Bucharest is faced with five major challenges amid the international turmoil. With a mission of the International Monetary Fund on site, a more

26 oct 2011

Greek banks continued to reduce their exposure to Romania in the second quarter of this year, while French and Austrian banks increased their financing, according to data published by the Bank for more