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Current account deficit of balance of payments drops 9.5 percent in first 10 months (19-12-2011)

The current account of the balance of payments saw a deficit amounting to 4.097 billion euros over January-October 2011, down by 9.5 percent from the same Full story

EU, without Britain, moves towards fiscal deal (19-12-2011)

Up to 26 EU countries will finalise a pact to enforce budget discipline more strictly in the eurozone by March, European Council President Herman Van Rompuy Full story


Traian Basescu: Our joining European agreement on fiscal governance is in Romania's national interest (12-12-2011)

President Traian Basescu thinks that Romania joining the European agreement on fiscal governance is 'in the national interest' and says that he was the non-eurozone leader Full story

Five steps to decrease deficit, proposed by opposition in Parliament (12-12-2011)

The Social Liberal Union (USL), the opposition alliance made up of three parties, has a concrete anti-crisis five-point programme meant to decrease deficit, said Social-Democratic leader Full story


BNR advises commercial banks to adopt lenient stance on debtors (12-12-2011)

The banks must understand their main asset are the clients themselves and the National Bank of Romania (BNR) will recommend them to loosen up the conditions Full story

Romania releasing funds to bail out other states, not taken into consideration (FinMin) (12-12-2011)

There is no way Romania can contribute with funds to bail out other states at the moment, said Minister of Public Finance Gheorghe Ialomitianu at Poiana Full story

Single bid for selection of intermediary to sell 15 pct of Transgaz shares (12-12-2011)

Consortium including Raiffeisen Capital & Investment, Wood & Company Financial Services and BT Securities was the single bidder for the Mediation of the Secondary Public Offering Full story

EximBank project on supporting exports to non-EU markets (12-12-2011)

EximBank started a project on cooperating with the Union of the Bilateral Chambers of Commerce and Industry in Romania, whose aim is to make easier Full story

BNR: Farewell to 'prosperity on credit' way of life (12-12-2011)

Lending will need a new beginning as the crisis went into the background, Romania being in a position of consolidating its getting out of the recession, Full story

PricewaterhouseCoopers Audit Ltd is the consultant to assess Romtelecom listing (12-12-2011)

PricewaterhouseCoopers Audit Ltd will provide consultancy to the Ministry of Communications and Informational Society (MCSI) to list Romtelecom on the stock exchange and to merge with Full story

Ghetea, ARB: Romania enjoys better market position than many other countries in the region (12-12-2011)

Romania continues to be attractive for financial institutions, Romanian Banks Association (ARB) Chairman of the Board Radu Gratian Ghetea showed on Monday and pointed out that Full story

BNR Vice Governor: I believe steps taken by Romania for fiscal consolidation are important (12-12-2011)

Romania has taken the steps toward a possible fiscal union by participating in the Euro Plus Pact and by planning to meet the target of coming Full story

Mugur Isarescu: It may be that annual inflation goes below forecast, in December (12-12-2011)

Central Bank Governor Mugur Isarescu estimated on Monday, in a debate, that the annual inflation rate could be lower than the forecasted one, in December. 'The data Full story

63 percent of Romanians have little knowledge of credit cards, reveals GFK study (12-12-2011)

Romanian's have a low level of financial education according to a study conducted, this summer, by GFK Romania, for the Romanian Banking Association (ARB). The study Full story

Polish presidency: ECB could intervene after summit (05-12-2011)

The European Central Bank (ECB) could intervene directly in sovereign debt markets if heads of state meeting at a summit next week reach agreement on a Full story

Commission braced for battle with big audit firms (05-12-2011)

The European Commission has set itself on collision course with the largest audit companies with its proposed regulation that will radically overhaul the management and structure Full story

State aid: Commission extends crisis rules for banks (05-12-2011)

The European Commission has updated and prolonged a set of temporary state aid control rules to assess public support to financial institutions during the crisis. The Full story

Banks' cloud take-up slowed by legal uncertainty (05-12-2011)

While financial services and banking firms are increasingly looking to cloud computing services to enhance their businesses, actual take-up is being hampered by legal uncertainties and Full story

EBRD expertise to implement new environment projects in Romania (05-12-2011)

The European Bank for Reconstruction and Development (EBRD) will grant technical assistance to Romania to implement projects in the field of environment, reveals Ministry of European Full story

EU budget for 2012 approved by Parliament (05-12-2011)

European Parliament endorsed the final size and priority spending areas of the 2012 EU budget, as agreed by its negotiating team and the EU Member States Full story