Mains

Romanian leu exchange rate and competitiveness – some comparative observations to neighbouring currencies

Romanian leu has depreciated against the euro in the past year by less than two percent, as an annual average, a similar value to the… Mai mult

Financial chaos at Finance Ministry: ANAF prepares to reimburse USD 91 million to WB for a reform of which it only implemented 23.5%: nothing for IT systems, everything for consulting services

The Romanian taxpayer’s relationship with the tax administration takes place mainly in the street, not in the virtual space That is what the Minister of… Mai mult

On “Union Day”: Romania is socially breaking apart – regional gaps are increasingly serious

Development disparities between Romania’s regions have diminished since the European integration, but the gaps between the relative incomes of people living in these regions have… Mai mult

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

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NEWS

"SOS" letters sent by business community to state institutions: Reform ANAF!

The member organizations of the Coalition for Romania's Development (CDR) urge the Government that the reform of ANAF should become one of the "top" priorities… Mai mult

Government has approved procedure for acquiring four multifunctional corvettes built in Romania and asks US Government to sell long-range ballistic missile to it

Romanian Government approved Thursday two decisions on the national endowment programs - "Multifunctional corvette" program and "Multiple long-range ballistic missile launcher system" - HIMARS. According to… Mai mult

Transgaz to participate in Eastring gas pipeline along with Slovak counterpart Eustream

The operator of the national natural gas pipeline Transgaz (TGN) and Eustream, its Slovak counterpart, signed a memorandum of understanding "to investigate the opportunities to… Mai mult

AOAR: Solutions to imbalances produced by chaotic tax legislation - business environment reaction to a slander from a minister

The Businessmen's Association of Romania (AOAR) proposes a series of solutions to get out of the "chaos" of the fiscal and revenue legislation adopted last… Mai mult

Government has approved OUG to preserve income of IT and part-time employees

The Government approved on Thursday the OUG comprising the measures needed to preserve net wages that professional groups exempted from income tax and part-time employees… Mai mult

EBRD: Romania needs to change its economic growth model. Better "sooner than later"

Romania needs to adopt a different economic model if it wants to avoid a crisis caused by the current consumption boom, according to Matteo Patrone,… Mai mult

INS - Context survey: stability or even stagnation, employees about the same but all prices up!

According to the perception of managers from the field, the manufacturing industry will register a relative stability of production volume in the following months (conjuncture… Mai mult

Romanian Business Leaders: List of "signs of distrust" in economic year 2018

The Romanian Business Leaders (RBL) Macroeconomic Confidence Index, of 52.3 points, shows that the entrepreneurs and executives from the most important businesses in Romania have… Mai mult

OLAF runs investigation at Metrorex - possible overpriced payments at Metro Line 5

UPDATE: In a statement issued to RFI, OLAF confirmed the investigation at Metrorex, and its topic - the Metro Line 5 (M5) financed by European… Mai mult

Government goes on Eurobond market and attracts over EUR 3 billion. Complicated yields

The Ministry of Finance is trying to take advantage of the still favourable conditions for emerging government securities and goes on the Eurobonds market with… Mai mult

MFP: Government will borrow RON 74 billion in 2018, only through government bonds

The total volume of loans planned by the Ministry of Finance (MFP) for 2018 amounts to about RON 74 billion. Loans are to be secured… Mai mult

Pessimistic expectations about the future in latest CFA Romania research - economists anticipate a decrease of personal incomes and continuous depreciation of Romanian leu

In December 2017, the macroeconomic confidence indicator of CFA Romania declined to 41 points, the lowest value since April 2013, by 3.1 points below the… Mai mult

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