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

9 iul 2012

The increase in consumer prices in June will be 2.1% and the annual inflation rate will go up to 3.7%. These are the estimates of the Association of Financial-Banking Analysts of Romania. more

9 iul 2012

The turnover and new orders in industry recorded rises in May, as did construction works, while energy consumption remained on the decline, according to data from Romania’s statistics institute. more

6 iul 2012

The persistence of political turmoil affects Romania’s perception by foreign investors and may lead to higher borrowing costs, which in turn will have a significant impact on the spending on the more

4 iul 2012

The International Monetary Fund expects political pressures for relaxing fiscal consolidation and structural reforms to intensify despite the new government strongly affirming its commitment to the more

3 iul 2012

This year’s grain harvest is estimated at almost 18 million tons, just 7% lower than the record-high 2011 figures. Converted in money, as prices remained high, almost EUR5 billion should go into more

3 iul 2012

The average monthly net salary in Romania's central bank, or BNR, was around 5,000 lei (EUR1,180), higher than the average gain in commercial banks and three times higher than the net wage in the more

28 iun 2012

For the first time ever, Romania’s central bank (BNR) says financing of foreign-held banks by their parent banks is uncertain and therefore finds it has to lend them money itself. more

15 iun 2012

The EUR1-billion credit line for Romania approved on Tuesday by the World Bank (WB) is the first loan of this kind that a European country takes out, and will consolidate the liquidity reserve of the more