At the end of 2011, over 260,000 Romanians contributed to the voluntary private pension system (Pillar III), announced the Association of Private Pension Funds in Romania
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The nongovernmental credit granted by credit institutions decreased 0.4 percent (0.6 percent in real terms) in December 2011, down to 223,033 billion lei (over 51 billion
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RON-denominated household deposits advanced 3.0 percent to RON 72,101.8 million (nearly 16.7 billion euros) in December 2011, on a monthly basis. The increase compared with December
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The Government credit stood 6.3 percent higher in December 2011 at 69.815 billion lei (approximately 16.2 billion euros), the National Bank of Romania (BNR) announced on
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The number of transactions with Visa cards at POS payment terminals, in Romania, increased by 30.4 percent in 2011 as compared to 2010 and value of
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The European growth model has been an engine for economic convergence during the past few decades and has delivered prosperity to hundreds of millions of
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The EU’s next budget is likely to include the first-ever binding document setting “stronger” and “clearer” objectives for regional funds to support sustainable development.The European Commission is
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A brokerage, business resources and consultancy platform has become operational starting Tuesday by means of the Romanian Business Exchange (BRA), which, via the information, links entities
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The value of the all-in assets managed in the private pension system stood at 6.857 billion lei (nearly 1.59 billion euros) at the end of 2011,
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The value of deposits in foreign banks' branches in Romania registered a 2.1 percent decline at the end of Q4 of 2011, but overall it witnessed
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The total value of overdue loans in lei of households and the corporate sector in December 2011 amounts to 9.296 billion lei, by 2.23 percent under
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The state spent 5.5 billion more than it collected in 2011 but remained within the budget deficit targets agreed during the assistance programmes with the international
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Romanian market of leasing equipment advanced, over the past seven years, from 14 percent in 2005 to 26 percent, on 30 September 2011, according to data
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Robert Rekkers, who has run Romanian lender Banca Transilvania for the last nine years, stepped down as general manager and will be replaced by Peter Franklin,
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BRD-Societe Generale is the only bank in the Romanian banking sector to have been fined by the Competition Council for obstructing the investigation, in a ranking
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The effects of the decisions made by the central bank on November 2011 and January 2012 to reduce the monetary policy interest rate will be perceived
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Non-government loans extended by credit institutions increased 1.3 percent in November 2011 (0.8 pct in real terms) from October 2011 to RON 223.817 billion (some 52
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The Public Finance Ministry (MFP) is planning to increase the maturities for security issues in 2012 and is having advanced talks with the pension funds for
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Certified payment requests, sent to the European Commission regarding EU-funded projects have almost tripled in 2011, amounting to about 800 million euros, according to the Ministry
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The Ministry of Public Finance (MFP) announced an indicative figure of somewhere between RON 14 and 16 billion (the equivalent to 3.25 - 3.7 billion euros)
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