NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...

The annual inflation rate in the Eurozone has remained stable in August compared to July, at 0.2%, according to a preliminary estimate published on Wednesday by the European Statistics Office (Eurostat). read more...

The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...

The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...

China's currency reserves have reached their lowest level in the last four years, as the central bank in Beijing (PBOC) sold dollars to support the exchange rate of the yuan. read more...

Communications minister Marius Bostan hints that it will take some time until the privatization of the stake that the state holds in Telekom România (former Romtelecom), because the authorities have not yet selected the appropriate method - sale or IPO. Furthermore, the minister says that he first of all wants to increase the value of the company, because it has a "fantastic" potential, and the company is not currently looking "the way it should". read more...

The unemployment rate in Germany has fallen to a new all-time low in January, as the number of jobseekers fell more than expected, according to data published yesterday by the Federal Labor Office in Berlin. The official figures show that the unemployment rate in Germany fell to 6.2% last month, down from 6.3% in December. read more...

The Court of Accounts has identified several violations of the legal regulations in effect, at the National Tax Administration Agency (ANAF). Those irregularities have resulted in the alteration of the financial statements for the year 2014. read more...

The industrial output in the Eurozone has increased above expectations in October, after dropping for two months in a row, which could mean that the expansion in the region may have accelerated towards the end of the year, according to Eurostat. read more...

Germany's trade with the rest of the world has slowed down in October, as its exports and imports fell compared to September, due to the difficulties on the emerging markets, especially in China, Brazil and Russia. read more...