Finance, Banking and Economic News - 25 March 2011 -
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Finance, Banking and Economic News
25 March 2011

Page: 1 

IMF directory meets on Friday, March 25th to debate Romania’s request for a new precautionary agreement with the international institution worth 3.6 billion euro, the IMF informs. read more...

Romania’s economy should gradually mend this year, with a 1.5% growth of the gross domestic product, mainly due to a recovery in external demand that will fuel exports' increase, Raiffeisen said in a report Friday. read more...

The Romanian leu extended gains against the euro Friday, and the central bank’s reference rate gained 0.34% at 4.0881 units, the strongest in almost one year. read more...

The Teleorman Court in southern Romania on Friday upheld several requests to cancel the recalculation of military staff pensions, Costel Galca, lawyer of the Union of Laid off Military Staff, told Mediafax. read more...

Romania acceded to the pact for Euro Plus, or the EU pact for competitiveness, Romanian President Traian Basescu said Friday in Brussels. read more...

The Romanian "Henri Coanda" Otopeni Airport's emergency committee is to meet Friday afternoon, after a bomb warning concerning a Bucharest-Dusseldorf flight. read more...

The Executive Board of the International Monetary Fund on Friday approved the final review of a EUR13 billion stand-by arrangement with Romania, and the terms of a new, precautionary deal that will start on March 31, an IMF official told Mediafax. read more...

Romania’s consolidated budget posted a deficit of 2.3 billion lei (EUR1=RON4.0881) in the first two months of the year, compared with RON5.8 billion in the same period of 2010, Finance Ministry data showed Friday. read more...

This Saturday, Romanians will advance their clocks by one hour so that 3 AM will become 4AM. Romania’s railway company CFR announced that the change will not affect the schedule of trains. read more...

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