The current Labor code has to be changed as more flexibility on the labor market cannot be accomplished without a cut in social contributions, Romanian Finance minister Gheorghe Ialomitianu said during a conference on Wednesday. read more...

The ratio of the loans banks have to recover from clients and the value of the collateral they hold for these loans is at a comfortable level, of less than 80% says NBR. As a paradox, the ratio has remained constant over the last few years, although home prices have fallen by as much as 50% in some cases. read more...