Lending Won't Be Main Driver Of Romania's Growth In Long Run (31-05-2010)

Romania's economic growth will be higher than European Union’s average on long-term, due to the convergence process, but the economy will no longer be sustained by Full story

Romania’s Govt Mulls Cashing RON217M From Taxing Interests By Yearend (31-05-2010)

Romania’s Government plans to cash this year 217 million lei (EUR1=RON4.1838) from taxing interests by 16%, and RON145 million from applying the flat tax to stock Full story


Romanian Govt Eyes Extra Revenues Of RON855M In 2010 By Levying New Taxes (31-05-2010)

The Romanian Government estimates to obtain extra revenues of 855 million lei (EUR1=RON4.1838) to the state budget in the second half of 2010, by introducing new Full story

BCR: Parent banks try to preserve exposure as much as possible in Romania (31-05-2010)

Parent banks try to preserve their exposure in Romania as much as possible as in this state the risk is not very big, chief executive of Full story


Central Depository CEO elected as member of ECSDA Executive Committee (31-05-2010)

The European Central Securities Depositories Association (ECSDA), gathered on May 21, 2010 at Athens, has elected Adriana Tanasoiu, chief executive of Central Depository, as member of Full story

Georgescu, NBR: Banks added €500 million to their capitals (31-05-2010)

Shareholders of local banks have added €500 million to their common capitals in an effort to boost their adequacy ratio.“Last year, around €500 million were fed Full story

Limitations on state companies assets purchase could be eliminated (31-05-2010)

State companies and commercial companies, in which the state or the local public administration is the shareholder, would be entitled to participate in the purchase of Full story

CNVM amends BVB Code (24-05-2010)

The National Securities Commission (CNVM) has amended the Bucharest Stock Exchange (BVB) Code - market operator, informs a release submitted by BVB on Friday. Full story

1/5 Of Romanian Household Loans Provided To State Employees (24-05-2010)

Romanian banks provided loans to employees in the public sector worth approximately 20 billion lei (EUR1=RON4.1998), amounting to one fifth of the total household lending, central Full story

BNR governor councillor: The deficit in the public pensions system is up to three (24-05-2010)

President Traian Basescu has recently talked about a deficit of two billion euros this year in the public social assistance system (pensions and medical assistance), but Full story

APAPR: The decision to reduce the contribution to the 2nd pier - the bankruptcy (24-05-2010)

The Romanian Pension Funds' Association (APAPR) data show that after two years of transfers to the second pier (compulsory private pensions), 2.63 billion lei have Full story

About 85% Of Romanians In Urban Areas Have Bank Cards, 32% Make Card Payments (24-05-2010)

About 85% of Romanians living in urban areas have a bank card, but only 32% of them use it for payments at least once a week, Full story

Romanian Central Banker Warns Govt Plan Will Delay Switch To Private Pension System (24-05-2010)

Lowering Romanians’ contributions to mandatory private pension funds will slow down even more the country’s efforts to switch to a private pension system from a public Full story

Romania Central Bank 2009 Tax On Profit Exceeds EUR300M (24-05-2010)

Romanian central bank paid a tax on profit of over EUR300 million in 2009, equal to 80% of the total earnings, a central bank official said Full story

Popa, NBR: Interbank market is far from being efficient (24-05-2010)

The Romanian interbank market is still far from being efficient and modern, said the vice governor of the National Bank of Romania, Cristian Popa .“The Full story

Romanian SMEs Guarantee Fund Paid Banks EUR9M In Jan-Apr (24-05-2010)

The Romania fund guaranteeing SME loans FNGCIMM paid to banks between January and April an overall EUR9 million, five times more than in the same interval Full story

BNR governor: We had 800,000 state employees in 1990 and the State worked. Now (24-05-2010)

"It has always been said: we've got money for pensions, but there weren't. BNR [Romania's central Bank] has permanently warned that all increases in salaries have Full story

Compliance with newly introduced liquidity indices requires EUR 5 bln worth of bonds (24-05-2010)

Following the introduction of the Net Stable Funding Ratio liquidity indicator under the Basel III regulations, Romanian banks should issue bonds worth a total of 5 Full story

Market incertitude and asymmetries complicate monetary policy conduct (24-05-2010)

The conduct of the monetary policy is complicated by incertitude over market evolutions and the asymmetry of industry players, National Bank of Romania (BNR) chief economist Full story

FinMin Vladescu: Cutting 25pc off public wages pool will not generate needed savings (24-05-2010)

Cutting 25 percent off the public wages pool will not generate the savings Romania needs right now, and that is why cutting individual wages by 25 Full story