21 aug 2013

Audit and consultancy firm KPMG is involved in a transaction to sell a portfolio of non-performing loans with a nominal value of over EUR100 million, Serban Toader, Senior Partner of KPMG Romania, more

20 aug 2013

The Romanian Finance Ministry has put aside a forex reserve of EUR6 billion, the so-called “fiscal buffer” needed to supply liquidity in case of new shortages on financial markets and if Romania more

8 aug 2013

Romania’s state budget for 2014 is built on 2.2% growth, Minister-delegate for Budget Liviu Voinea said, adding that the Government is seeking to lower social security contributions and increase more

8 aug 2013

Analysts are skeptical there will be significant progress in terms of structural reforms. “Romania will continue to promise to do things the IMF way and do whatever it wants.” more

23 iul 2013

The National Statistics Institute is set to announce the economic growth for the first half of the year in mid-August, but estimates have already appeared, suggesting GDP growth of between 1.8% and more

10 iul 2013

US giant JP Morgan revised upward its forecast for Romania’s gross domestic product to 2.6% in 2013, from 1.9% previously, which is one of the most optimistic forecasts for this year. more

28 iun 2013

Bank analysts say Romania needs a new loan with the International Monetary Fund after the Executive Board of the financial institution completed the last two reviews of Romania’s stand-by loan more

27 iun 2013

European Investment Bank (EIB) could increase its exposure to Romania by EUR1 billion to EUR1.5 billion from the current almost EUR10 billion in the next few years. more

18 iun 2013

Romania is in the spotlight after welcoming the heads of the World Bank and the EBRD and now it is getting ready for the upcoming visit of the International Monetary Fund Managing Director Christine more

30 mai 2013

The Romanian Finance Ministry is preparing its first eurobond issue this year, in a hurry to take advantage of the current favorable market circumstances ahead of the conclusion of the arrangement more

27 mai 2013

Financial analysts’ confidence in the Romanian economy climbed to a 12-month high in April, due to positive expectations for the upcoming period and to an improvement in current business environment more

27 mai 2013

Romania’s public debt climbed at 252 billion lei (EUR57 billion) in March, which is higher by RON11.5 billion from December 2012, due to large amounts borrowed mainly from the domestic market. more

1 mai 2013

Most analysts expect Romania’s central bank to keep its key interest rate at 5.25% this year, given the uncertainty over the significant deflation expected in summer and amid lingering external more

24 apr 2013

Deposits of the Romanian branch of Bank of Cyprus will be transferred under the local banking law and will be guaranteed by the Romanian Guarantee Fund, Adrian Vasilescu, adviser to central bank more

19 apr 2013

The Romanian Government fails to come with an ambitious and a coherent strategy to stimulate GDP growth, planning economic growth of less than 3% per year in between 2013 and 2016, according to the more

18 apr 2013

The International Monetary Fund (IMF) now expects economic growth of 1.6% for Romania in 2013, down from a 2.5% rise predicted in the autumn of 2012. more

10 apr 2013

Exports rose 10% in February 2013 against the same month of the previous year, driven mainly by the auto sector, more specifically the contribution of Ford, which was nonexistent in the first part of more

4 apr 2013

Analysts believe the Romanian economy will remain on the rise in the first quarter of this year and keep their estimates for 2013 gross domestic product, but signals from the economy are less more

21 mar 2013

The economic crisis caused losses for around half the 42 banks on the Romanian market, with the budget “losing” a big share of the resources that banks used to pay in profit tax, as the overall more

13 mar 2013

The ten biggest debtors to Romania’s general consolidated budget, seven of which are state-run companies, had overdue payments of 14.5 billion lei (around EUR3.3 billion) in taxes and contributions more

7 mar 2013

Romania meets conditions for repealing the excessive deficit procedure, with the budget deficit sliding below 3% of the gross domestic product in 2012 and likely to stay below that ceiling in 2013 and more

4 mar 2013

Germany forgets that it does EUR9B worth of business in Romania and rejects Romania’s Schengen entry in a political statement. The costs of the postponement amount to hundreds of millions of euros more

26 feb 2013

One of Romania’s structural problems is that it does not have enough medium-sized entrepreneurs with local capital that are able to expand regionally, so one needs to encourage local players, said more

20 feb 2013

The turnover per employee exceeded EUR100,000 per person in foreign companies in 2011, almost double as high as for the entire economy. more

18 feb 2013

Investors in the U.S. and the UK bought almost 80% of the $1.5 billion bonds that Romania issued on Thursday on the US market, but the US-denominated bonds also generated interest among German, more