Mains

Workforce crisis: Romania doubles “imports” of Asian workers

2017 was the first year when the share of foreign (third states) workers initially established – instead of 3,000 permanent workers, as estimated initially based… Mai mult

14 brave Franco-Germans relaunch the stake of the moment: six radical proposals for reforming Eurozone. “RON Romania” can meditate on solution

Given that the talks on the Eurozone reform held by the governments of France and Germany seem to get to no result, a possible solution… Mai mult

Romania loses an important indicator for accession to Eurozone. Explanation for (increased) difference between CPI and HICP

Romania recorded an annual inflation of 2.6% at the end of 2017, according to the data provided by Eurostat for all member states. We are… Mai mult

Already a (big) problem: The real negative interest rate. An evolution in deposits and loans

After entering the negative range at the mid of 2017, the remuneration of deposits at commercial banks reached a worrying -2.23% per year, according to… Mai mult

Lost opportunities: Romanian companies have not capitalized on years with low interest rates. Neither did banks. Causes

Romanian companies missed the opportunity window in recent years, of financing at low interest rates. They considered this opportunity only in the second half of… Mai mult

Pressure that trade balance puts on exchange course. Moving focus on exports – essential

The average euro/leu exchange rate registered in 2017 the highest increase in the last five years, and the rate at the end of the year… Mai mult

“Four months method”: Government blocks Romania’s path to OECD, club of most world respected countries

The policy of provisional status, promoted by the Government in the management of the state-owned companies, places serious obstacles to Romania’s pathway towards a member… Mai mult

KeysFin barometer: 2018, year of uncertainties. Economy continues to grow, imbalances are sharpening

Business people look with a temperate optimism and even with some signs of concern the real economic development of the real economy this year. Inflation,… Mai mult

Very different versions based on 2018 economic indicators: Official forecast and banks’ figures

The National Prognosis Commission (CNP) has an optimistic view of the 2018 economic indicators, while major players in the banking field are much more cautious… Mai mult

Romanians’ actual individual consumption got ahead of GDP/inhabitant – Eurostat sees us at 61% of EU average

Romania has reached 61% of the average living standard in the EU 28 in 2016, according to the actual individual consumption indicator (AIC), the latest… Mai mult

New law: A simple government decision can abolish corporate governance in any state-owned company

The PSD-ALDE coalition’s amendments to the application of the corporate governance rules in the state-owned companies were approved by 157 votes in favour, 71 against… Mai mult

“Four months method” – “interim” strategy in state-owned companies: legal stakes of changing dozens of directors and administrators

  The law that gives the green light to Government representatives to appoint directors of state-owned companies as they please, adopted on Wednesday by the… Mai mult

BNR: Level of interest rate tolerance for companies

The fear of future interest rate increases makes most entrepreneurs wish to reduce their indebtedness, according to the survey of the National Bank of Romania… Mai mult

With what? Romania – for 10 years, last in EU by budget revenues and first to reduce them! Specific problems

Romania undertook, between 2006 and 2016, the most bizarre policy on public funds of all European countries, according to an analysis released by Eurostat. Starting… Mai mult

First signs – October 2017: Romanians bought less with more money

The gross average national wage announced by the National Institute of Statistics for October 2017 was 3,327 lei, 0.7% higher than the previous month and… Mai mult
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NEWS

Second largest bank in EU, BNP Paribas, opens its branch in Bucharest

BNP Paribas, the largest French bank and the second largest in the EU by the size of assets, will launch its retail operations in Romania… Mai mult

Three options by which BNR intends to moderate lending

The BNR will impose restrictions on credits to the population, to anticipate potential non-payment risks. This could happen in March if the project is approved… Mai mult

Siegfried Muresan: Amendments to Romanian laws on judicial will be discussed in European Parliament

The European Parliament will run debates on the situation of justice in Romania in the next plenary session, in February, in the Strasbourg plenary. The… Mai mult

State has initiated procedure for purchasing 51% of Daewoo's shares at Mangalia Shipyard

The Government approved in the last meeting a memorandum stating that the state will use its preemption right at Mangalia Shipyard and buy the 51%… Mai mult

First major acquisition in 2018 - MApN signs contract with General Dynamics to acquire 227 armoured carriers

Minister of National Defence, Mihai Fifor, participates Friday at the signing of the procurement contract for 227 Piranha V armoured carriers, a release of the… Mai mult

Business environment: Waiving governance rules in state-owned companies, another measure that deepens feeling of distrust

The Foreign Investors Council (FIC) released on Wednesday a statement that expresses its dissatisfaction with the "authorities’ political agenda" containing decisions that "will lead to… Mai mult

Bizarre government project Casa de Comert SA: name is booked since years ago at Trade Registry

Last week, the Ministry of Economy has launched to a public debate a draft government decision to establish the company Casa de Comert, which, according… Mai mult

Public Private Partnership: Government has regulated by emergency ordinance the cost cutting through "Value for Money" analysis

The Government has established the new regulations on the public-private partnership (PPP) by an emergency ordinance issued Thursday and introduced the Value for Money concept,… Mai mult

Catalin Ivan: In Romania, there are 384 companies with bearer shares, all collaborating with the state. More than EUR 40 billion transferred from Romania to offshore companies

MEP Catalin Ivan stated on Friday in Iasi that there are 384 companies with bearer shares in Romania, which gives the owners the comfort of… Mai mult

Brussels offers Romania four months to take measures to correct significant deviation of structural deficit

The European Council issued on Tuesday a new recommendation, at the request of the European Commission, based on the significant deviation procedure, with Romania being… Mai mult

Eurostat: Romania had second lowest tax to GDP ratio within EU, in 2016

In Romania, the ratio between the revenues that must be collected from taxes (including social contributions - tax/GDP ratio) and GDP was 26% in 2016,… Mai mult

9 ambassadors repeat: Venice Commission's opinion is needed to amend laws on judiciary

The nine ambassadors who met on Wednesday with Minister Tudorel Toader shared their "concern over the draft laws on the reform of the judiciary discussed… Mai mult

British Vitruvian Partners bought 30% of Bitdefender

Vitruvian Partners investment fund acquired about 30% of Bitdefender from Axxess Capital and becomes the second largest shareholder in the company, valued at over USD… Mai mult

Split VAT at the Chamber of Deputies: Dilemmas of all kinds. Thresholds for outstanding payments have increased 10 times, Budget Committee to resume debates on Monday

The Budget Committee of the Chamber of Deputies has increased ten times the threshold of the outstanding VAT obligations from which companies will automatically be… Mai mult

Competition Council: Food price increase could be caused by demand excess from budget deficit

The Competition Council started an analysis, following the request of the Ministry of Agriculture, to establish the causes of the accelerated food price increase this… Mai mult