Finance, Banking and Economic News - 7 February 2011 - financiare.ro
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Finance, Banking and Economic News
7 February 2011



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Romania will sign in March, a new 2 year precautionary agreement with the IMF/EC/WB President Traian Basescu announced in a press conference on Sunday evening. read more...


French European Affairs minister Laurent Wauquiez said at RFI that his country does not oppose Romania’s adhesion to Schengen “out of mere principle, but definitely Romania and Bulgaria cannot join in the next three months because Bulgaria is not ready and Romania cannot join without Bulgaria. If the two countries are ready to join this year and all guarantees that they are ready exist, then we will not oppose.” read more...


Romania's central bank revised upward its forecast on the annual inflation to 3.6% at the end of 2011, from 3.4% previously, central bank governor Mugur Isarescu said Monday. read more...


Romanian authorities have reached an agreement with the International Monetary Fund and the European Commission regarding the terms of a new EUR5 billion credit line, central bank governor Mugur Isarescu said Monday. read more...


Romania is seeking to extend its agreement with the parent banks of the country’s top nine lenders regarding their exposure on the domestic market, central bank governor Mugur Isarescu said Monday. read more...


About 35% of Romanians polled by website ivox.ro said they can spend EUR300 to EUR500 this year on holidays, while 19.37% said their 2011 holiday budget ranges between EUR500 and EUR1,000. read more...


Romanian liquidity excess in the interbank market is mostly due to a cluster of four to five banks that show reserve in lending funds to their peers, central bank governor Mugur Isarescu said Monday. read more...


Around 4% of the Romanian children who used the Internet in the last 12 months accessed inappropriate websites or got in contact with potentially dangerous people, according to a Eurostat study which places Romania below the European Union average of 5%. read more...


The Romanian leu’s stability against the euro is independent of the central bank’s interventions in the monetary market, central bank governor Mugur Isarescu said Monday. read more...


Romanian consumer prices are exposed to upward pressure from international food and oil prices, central bank governor Mugur Isarescu said Monday. read more...




07.02.2011, 14:47 | Media | 665 views
Al Jazeera to launch a channel for the Balkans
Al Jazeera will launch in April, the latest, a news channel that will cover the Balkans. The new television network aims at exceed the audiences of CNN and implement new professional standars in an area still divided by inter-ethnic conflicts. read more...


Starting February 2011, Sony operations in Romania are lead by Japanese Tomohiro Nakashima, aged 38 who replaces Tiju Ishikawa who will take over operations in Czech Republic and Slovakia, the company informed. read more...


The annual inflation rate will drop in January below 7% and in the third quarter it will register a more significant decrease, Romanian National Central Bank Governor Mugur Isarescu declared as he presented the inflation report. read more...


Romanian overdue payments on loans worth at least 20,000 lei (EUR1=RON4.2485) rose to RON15.07 billion in December 2010, more than double on the year, central bank data showed Monday. read more...


Romania will not draw any funds from its new loan agreement with the International Monetary Fund and the EU unless the region faces a major crisis and the central bank has to dig into its reserves to protect the leu from speculative attacks, central bank governor Mugur Isarescu said Monday. read more...


The arrest operation of customs and police officers at the Siret customs, North Romania proves that in Romania there are the necessary resorts to fight against corruption but we are looking forward to see how judicial procedures will continue and if there will be any sentencing, Finnish European Affairs minister Astrid Thors declared quoted by Romanian news agency Agerpres. read more...


Romanian Prime Minister Emil Boc said Monday Romania’s electricity and gas prices will go up between 2013 and 2015, since the Government will eliminate regulated prices, in compliance with requests by the International Monetary Fund. read more...


Romanian state-owned companies with losses will be divided in three categories, namely those to be restructured, those to be privatized and those to be liquidated, said Romanian Prime Minister Emil Boc at the completion of negotiations with the International Monetary Fund. read more...


The restructuring of Romania's mining sector will continue until 2018 and no mines will be closed during this interval, Prime Minister Emil Boc said Monday. read more...


The follow-up deal between Romania and the International Monetary Fund will keep most taxes unchanged, while arrears will be eliminated gradually, Prime Minister Emil Boc said on Monday. read more...



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