11 oct 2012

The proposed audit reforms put forward by the European Commission could significantly disrupt the audit market, reduce quality and generate additional costs for business, believes Michael Andrew, more

9 oct 2012

BCR has brokered transactions with more than 500 kilograms of gold since the beginning of the year, worth over 100 million lei (EUR22 million), the biggest of them involving 40 kilograms of gold each. more

25 sep 2012

The new regulation on foreign currency lending to small and medium-sized enterprises (SMEs) could condition borrowing in hard currency by obtaining revenue in the said currency. more

24 sep 2012

Loan rescheduling for individuals who are late on their installment payments has not been “satisfactory’ in terms of results, according to Romania’s central bank, as the share of rescheduled more

21 sep 2012

The quantitative easing measures announced by the major central banks in the world had positive effects on the financial markets in September, Romania included. more

21 sep 2012

The top ten insurers last year had negative yields for the first time after 2008, with problems at the top of the ranking indicating the difficult situation faced by this crisis-stricken industry. more

12 sep 2012

Romanian central bank governor Mugur Isarescu admitted on Tuesday that the central bank only saw the positive side of the lending boom during the years of high growth and had an “excessively more

12 sep 2012

Romania’s economic prospects for 2013 appear favorable considering that the economy of the eurozone is expected to return to growth, analysts say. more

29 aug 2012

The share of budget revenues in the gross domestic product has been adjusted as part of the budget revision from 33.9% to 32.3%, according to information sent by the Finance Ministry. more

27 aug 2012

The highest-paid executive in Romania last year was, surprisingly, a manager in the real estate sector, who is likely to have concluded several major transactions and earned EUR1.27 million, more

24 aug 2012

The government increased personnel spending by 1.1 billion lei (EUR0.25 billion) in the budget revision but cut investment expenses financed by the budget and European funds by RON2 billion. more

16 aug 2012

The International Monetary Fund (IMF) warns the Finance Ministry that its “fiscal buffer” has diminished, after the Treasury had attracted less than it had planned to in recent auctions because of more

10 aug 2012

The Finance Ministry is preparing to increase public sector wages through derogation to the law of fiscal responsibility, while cutting infrastructure spending in this year’s first budget more

9 aug 2012

The end of the week is expected to bring heated discussions between the Ponta government and the International Monetary Fund (IMF), as authorities make a last attempt to persuade foreign experts to more

7 aug 2012

Mugur Isarescu, governor of Romanian central bank BNR, on Monday warned politicians that Romania would not only be penalized through the depreciation of the leu for the unending scandal, but also more

6 aug 2012

Romania’s central bank (BNR) on Monday makes its first principal payment on Romania’s EUR12 billion loan from the IMF, amounting to around EUR670 million from its forex reserve. more

26 iul 2012

The announcement by Finance Minister Florin Georgescu on Wednesday that Romania will seek another two-year precautionary agreement with the IMF is a clear attempt to calm suspicions of foreign more

25 iul 2012

Romanians are stifled by euro loans, cut consumption, while companies count their losses. The depreciation of the leu by 7.4% against the euro this year increases the bills of the population and of more

24 iul 2012

Romanian leu exceeded 4.6 units against the euro on Monday despite assurances by finance minister Florin Georgescu that the exchange rate will not go over the 4.5 unit threshold. more

20 iul 2012

BNR is keeping interests low and lets the leu constantly depreciate, as recommended by the International Monetary Fund. more

19 iul 2012

Banks are keeping deposit interest rates high, in a bid to replace sources of external funding with liquidity from the local market, but this can lead to poor resource management, as well as to loss more

17 iul 2012

The exchange rate could return below RON4.5 to the euro after the “calming and the clarifications on the political scene,” and the economy could return to growth in the second quarter. As far as more

13 iul 2012

Mugur Isarescu, the governor of the National Bank of Romania (BNR), on Thursday was very reluctant to comment the situation on the local political scene, which is keeping the leu under pressure and more

12 iul 2012

Payment of VAT when invoices are paid, not when they are issued, for companies with turnovers of up to EUR500,000, would be beneficial for companies with liquidity problems and could help economic more

10 iul 2012

While USL fights to suspend president Traian Basescu, the leu’s fast depreciation continues, absorption of EU funds is catastrophic and foreign investors are becoming nervous. more