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

30 sep 2011

An easing of the monetary policy is yet to be seen despite inflation falling abruptly, because of doubts over external developments, capital flows and administrated and volatile prices. more

29 sep 2011

Finance ministries and central banks also work with scenarios that consider the exit of Greece from the euro zone and Romania should have a plan B for a prospective bankruptcy of Greece, in which case more

23 sep 2011

The persistence of the crisis for several years is not an impossible scenario and it could force the Romanian government to discuss the budget deficit level again and even try to bring it down as more

22 sep 2011

There are about three weeks left until government needs to send next year’s budget to the Parliament, but the Finance Ministry still does not know what macroeconomic indicators to use in 2012 and more

21 sep 2011

Austrian banks increased their exposure to Romania in the first quarter of this year, while French and Greek banks reduced their financing lines, according to data from the Bank of International more

20 sep 2011

Tuesday is the deadline by which the Romanian National Bank accepts comments and proposals on the draft regulation set to drastically restrict lending in foreign currency to individuals, but the more

16 sep 2011

The National Forecast Commission (CNP) will most likely present the new forecasts for macroeconomic indicators next week, with data sent yesterday by the European Commission on Eurozone countries more

15 sep 2011

Exports to countries outside the European Union have started to gain ground in the last few months, recording higher year-on-year growth rates than those recorded by trade with EU countries, but more

13 sep 2011

Prices were down for the third month in a row in August, as a result of the good farming year, but also of the decline in demand. more

12 sep 2011

Exports continued to slow down in July and, although Romania is for now keeping its economic growth forecast of 1.5%, signals have appeared that problems will worsen next year, given the international more

8 sep 2011

The Romanian central bank (BNR) is looking for the first time to encourage lending in lei instead of foreign currency for mortgage loans, but interest rates are double as high. more

7 sep 2011

Industry and agriculture were the drivers of GDP growth in the second quarter of the year, a trend anticipated by analysts, who believe the very good farming production will contribute to achieving more

6 sep 2011

The third quarter had a good start, as July brought good news from retail, which went back into positive territory after two years and a half of almost uninterrupted declines, on salary hikes and more