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Articole despre english

Unlocked Loans

The National Bank of Romania (BNR) will reduce the minimum compulsory reserves for the foreign currency financing lines of the banks from 40% to 0%, if they are due in more than two years. The measure will send...

Former Property Owners Robbed Once Again

Former property owners having being stripped by their properties by the communist regime, and getting shares in the Ownership Fund, deemed to restore part of their rights, might be stripped yet again of their wealth,...

Romanian Central Bank Reserves On Decrease

Romania's central bank hard currency reserves had dropped for the fifth month in a row, to 25.1 billion Euro, from 27.3 billion Euro in October 2008. The March decrease amounted to 796 million Euro and took place "on...

Defining The Gypsy Issue Correctly

A German author recently published a study which lists all the wrong the Romanian society inflicts upon its Gypsy population. It is not the first time a foreigner comes to Romania and finds it guilty for deeds his or h...

SMEs Would Like Taxation On Energy To Not Trickle Down

Representatives of the small and medium sized enterprises, or SMEs, would like the government to make sure the planned taxation of the natural gas, oil and electric power will not trickle into prices paid by the...

Romania Holds The Middle Ground, World Bank Says

Romania will have an economic growth this year estimated at between 0% and 2%, according to a recent World Bank report on the financial status of the new EU member-states.  This is three percentage points lower...

Legislation Change to Hasten Bidding Process

The Romanian government passed an emergency regulation to shorten the time required in the public acquisition process, in hope to facilitate investments and higher the pace of European funding. A bidding result may...

Higher Supply of Apartments for Rent Brings Down Rates

Rent rates went down this year, after the number of available dwellings went up 70% from last year. According to representatives of AnunturiParticulari.ro web-site, which monitors all online offers placed by indi...

Romanian Industry Seeks State Funding To Stay Afloat

Romanian industry in the past three months asked the state for funds or bank guarantees and other funding of almost one billion Euro, of which some 123.3 million Euro went to the automakers. The latest call for...

Romania May Enter Recession If Weather Poor And Oil Price High

Romania's economy could go into recession for the first time in nine years if poor weather would damage the agricultural output and oil and gas prices would go up on the international markets, says one of the...

AVAS To Sell Companies Free Of Post Privatization Strings Attched

The Authority in charge with selling State properties sor AVASţ may choose to seal further deals while giving up on its requirement for certain conditions to be met after the privatization, acting on a...

Mugur Isărescu / We do not exclude a loan with the IMF

Romania's private debt due in 2009 reaches 24 billion euros, 17.5 billion of which will be renewed, according to a study of NBR. The remaining 6.5 billion will be paid. The Romanian government also takes into account...

NEED FOR MONEY / The decision of a loan in two weeks time

The decision regarding a possible loan that Romania would get from the European Commission or the IMF is to be taken in two weeks, announced PM Emil Boc. The PM explained that any agreement with the...

Who wins after the global financial crisis?

The storm of the financial crisis haunts the world. Technically, it started in the U.S. It has expanded rapidly in Europe. It hit the Asian stock exchanges afterwards. The storm went then on the capital market. The bl...

Romania May Postpone Adopting The Euro Beyond 2014 Due To Intl Financial Crisis

Romania may postpone adopting the Euro beyond 2014, if the current financial crisis initiated in the United States will impact the Romanian economy too heavily, the Romanian Central Bank Governor Mugur Isarescu...

The Competition Council Investigates Banks Operating In Romania

The Competition Council screens the financial institutions for possible infringement to the law. “Our investigation is based on suspicions raised by the media regarding a possible inside trading of...

Pension Funds Administrators In Romania Play It Safe In Times Of Crisis

Romanians under 45 had to opt less than a year ago for private pension funds where to redirect part of their contributions towards pension. This was called Pillar II of the reform, and the funds operating under this...

Bluffing With The Economy Performance

Had I had the guts, I would say that it was not out of spite that Standard and Poor’s lowered Romania's ranking, but the irresponsible political class which is not yet accountable for the damaging way it led...
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