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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...

Anti-Bankruptcy Measure

The real estate agencies have taken an illogical decision: they increased their fees to cover the lack of customers. The realtors go bankrupt one by one, and those who resist have taken into consideration rentals,...

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,...
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IMF saved Romania from bankruptcy

Romania, one of the poorest EU countries, is the third country in the European block that, due to serious economic problems, needed the "injection of funds" from the IMF to avoid getting to state bankruptcy and agreed wi...

The gas price remains unchanged

The National Regulatory Authority for Energy (ANRE) has decided that the price of gas delivered to the population would remain unchanged. "Due to the requests of the gas distributors, ANRE decided that the price of the...

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...

19 billion euros for credibility

Radu Berceanu ready to swear that the IMF will be indulgent with Romania The loan package that Romania wants to take from the global financial institutions reaches 19 billion euros, only 4 of which will be used. The...

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...

IMF Delegation To Meet Banking Groups In Vienna Re Lending Of Romania

Sources in the banking system told Mediafax news agency that the IMF delegation visiting Romania will also meet the presidents of the main foreign banks having subsidiaries in the country, which are in fact responsible...

The economic crisis reduces pollution in major cities

The economic problems that have hit the country in the recent months have brought unexpected good news: the pollution in major cities has decreased. Not significantly, but it is the first decrease in the past nine...

To Sign Or Not To Sign With the IMF

To sign or not to sign an agreement with the IMF is the question of the day in Romania. The history of our past relationship with the IMF does not show a good record, on both sides. In 1999, the IMF stated Romania was on...

Fleeing Romania During Communism, Not An Easy Job

"For sale: full apartment furniture, in good condition, hall-way furniture, piano, Russian samovar, silver candle holders, Akai stereo, Sanda sawing machine, Albalux washing machine, electric heater, mink coat size 48,...

Romania and the IMF: unnecessary confusions

Romania needs foreign financial assistance due to the global recession, to the decreasing capital in emerging economies, to the short-term obligations of the private sector and, last but not least, to the lack in...
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