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

25 oct 2011

The government’s interest spending, which has tripled in the last three years, will continue to rise, making it into an important risk factor for fiscal control. Payment obligations will increase more

24 oct 2011

European leaders failed to find a solution on Sunday and postponed all decisions for Wednesday. President Basescu’s statements upon his departure for Brussels create fears: the cost of Romania’s more

20 oct 2011

The Foreign Investors Council (FIC) proposes the return to a 19% VAT as a solution to revive consumption and economic growth, reducing social security contributions and increasing the absorption of EU more

14 oct 2011

Investors no longer have faith in the Romanian government policies since foreign direct investment amounted to merely EUR21 million in August, down 82.5% compared to the same period of last year. more

14 oct 2011

Romanian central bank bought foreign treasuries worth 117.8 billion lei (EUR27.9 billion) in the first eight months, equal to roughly 76% of the overall international reserves. more

13 oct 2011

The peak of the financial and economic crisis will reach Romania in 2012. However, it is best to be aware of it beforehand and companies can shift focus and rethink their business, says Andreia more

12 oct 2011

Officials of the six Greek bank branches went to the central bank to discuss action plans to be used in case of contingency. more

11 oct 2011

The flawed state management translates into losses of EUR1.3 billion each month (EUR18 billion per year) as Romania lacks three main abilities: the skill to attract EUR400 million that it should take more

10 oct 2011

Industrial output, one of the leading indicators in the economy, continued to increase in August, at a faster rate than in June and July, which is good news at a time of prevailing pessimism over the more

5 oct 2011

Romania’s funding needs will remain high next year, as UniCredit analysts estimate it will reach EUR22.4 billion, EUR5.7 billion (34%) higher than this year. more

4 oct 2011

Georghe Ialomitianu, 52, who has been Finance minister for a year, has remained a low-profile figure on the economic and political scene, but his name has been thrown around whenever a possible more

3 oct 2011

Romania’s Finance Ministry is getting ready to redo next year’s budget draft after the International Monetary Fund has announced the halving of the economic growth forecast to about 2%, and state more

3 oct 2011

Over the economic boom period, lending was supported by funds attracted by Romanian banks from their foreign shareholders, but strategies have changed during the crisis and many groups are now asking more