6 sep 2011

Overdue payments on individual and corporate loans continued to rise and reached RON18.5 billion (EUR4.4 billion) in July, accounting for 7.4% of overall amounts due, according to data of the National more

5 sep 2011

Value added tax revenue surprisingly rose by 29.2% in July compared to July 2010, to RON4.2 billion (EUR0.99 billion), but the pace will most likely see a significant slowdown starting in August, more

23 aug 2011

The Romanian government collected profit tax of EUR1.2 billion from companies in the first half of the year, 4% more than in the similar period of 2010, while amounts paid by banks halved. more

22 aug 2011

JP Morgan has significantly cut Romania’s growth estimate for this year, expecting the gross domestic product to increase by just 1.2%, while the bank’s estimate at the beginning of the year was more

19 aug 2011

IFC, the World Bank’s investment arm, is likely to issue leu-denominated bonds on the Romanian market, should there be any infrastructure projects needing significant funding. Such a move would come more

17 aug 2011

The gross domestic product growth of just 0.2% in the second quarter against the first points to a significant slowdown, although the Romanian economy remained in positive territory for the third more

17 aug 2011

Industry was the main economic growth driver in the second quarter, despite at a slower pace, with a boost also coming from agriculture, according to analysts asked by ZF. more

16 aug 2011

The Romanian government doubled its short-term external debt in the first half of the year to over EUR3 billion, triple compared to last summer, while banks’ indebtedness rose by just EUR360 million more

15 aug 2011

Romania’s statistics institute is set to announce Tuesday a second-quarter economic growth close to zero or even a minor contraction, analysts say. more

12 aug 2011

The fiscal-budgetary strategy does not evaluate the risks that could affect macroeconomic and budget indicators, does not specify adjustment measures and does not give reasons for personnel expense more

8 aug 2011

Most analysts, bankers, managers and businesspeople contacted by Ziarul Financiar over the past two days say that the EU is the most seriously affected by the new crisis wave and the impact on Romania more

5 aug 2011

Health minister Attila Cseke (the 14th minister in the last 20 years) on Thursday handed in his resignation, unhappy with the money he was allotted at the budget revision. Out of the EUR1 billion he more

27 iul 2011

BCR, the largest bank on the Romanian market, last year paid gross salaries worth a total of EUR1.7 million to a group of seven people in the management team and to people with exceptional more

25 iul 2011

Non-performing loans have started to flatten or even decline at certain banks in the last two or three quarters, but it remains to be seen if the restructured loans perform and if the slight lending more

8 iul 2011

Industry has increased its contribution to the gross domestic product (GDP), in the past two years through exports, and has remained the driver of the economy, analysts say. Unfortunately, industry more

7 iul 2011

The economy is expected to slow down in the second quarter against the first quarter, despite good news on May performance, say analysts. more

6 iul 2011

Almost three years after the economic crisis was first felt on the Romanian market, and after the economy has lost EUR30 billion, with tens of thousands of companies going insolvent or disappearing more

4 iul 2011

The Finance Ministry will face public debt payment spike of about EUR2.6 billion this month because a EUR1.2 billion club loan taken out from local banks in 2009 matures on July 23, and a more

1 iul 2011

Central bank governor Mugur Isarescu on Thursday for the first time publicly warned bankers that a long period of restrictions would follow in the banking business, more specifically as far as lending more

1 iul 2011

At least 6,910 jobs in state-held companies subordinated to the Economy and Transport Ministries will be cut by August this year, according to an addendum to the letter of intent sent by the Romanian more

29 iun 2011

Public investments have been dwindling for two and a half years, from the peak reached in 2008, 26.7 billion lei (EUR6.33 billion), with declines continuing into the first five months of this year, more

28 iun 2011

May brought a budget gap, after a slight budgetary surplus registered in April. The state’s expenditures on goods and services went up 18.2% from a year ago, to 2.4 billion lei (EUR568 million), more

27 iun 2011

Companies increased their foreign currency-denominated deposits with foreign banks’ branches by 1.6 billion lei (EUR0.38 billion) in the first quarter, while most lenders operating with Romanian more

16 iun 2011

Analysts of local banks believe Romania's economy had a weaker performance in the second quarter than in the first, when it rose by 0.7%, and there is even the risk of a slight GDP decline. more