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...

Greece will loosen restrictions on capital movements in order to allow domestic investors that want to buy stock through the Athens Stock Exchange to use the locked money they have deposited in Greek banks, Charalampos Gotsis, the president of the Commission for the oversight of the Greek securities market announced. read more...

Klaus Iohannis has signed the law which allows the confiscation of unguaranteed deposits (bail-in) to save distressed banks, by promulgating yesterday the law on the resolution and recover of banks and investment firms. Romania's president has no reason to worry about his money potentially vanishing from his bank accounts, because, according to his wealth statement, he keeps his money in properties, while his savings are less than 50,000 Euros, meaning half of the amount guaranteed by the state for a bank deposit, in the event of a default of the financial institution. read more...

The Organization for Cooperation and Economic Development (OCDE) has worsened its estimates concerning the growth of the world's economy, for the second time in the last three months, as the slowdown of the emerging markets is affecting other countries as well, such as Germany and Japan. read more...

The crisis in Greece has not left depositors that are keeping their money in Romanian banks with Greek capital indifferent, as a significant number of individuals and companies have withdrawn the money from their bank deposits. read more...

The evolution of the Euro has messed up the plans of the Mayoralty of Bucharest, which has refinanced in lei a loan made in Euros, precisely to escape the currency risk. read more...

omania has repaid, since the start of this year, over 1.567 billion euros to the International Monetary Fund, European Union and World Bank, in the account of the stand-by loan taken out in 2009, according to data released by the Ministry of Public Finance. read more...

The searches conducted by the National Anti-corruption Directorate (DNA) on Tuesday target company Exfin SRL, belonging to Prime Minister Victor Ponta’s mother and sister, sources from the judiciary told. read more...

The High Court of Cassation and Justice on Wednesday dismissed an appeal lodged by the National Agency for Integrity and ruled that President of Romania Klaus Iohannis was not in a situation of incompatibility while serving as mayor of Sibiu. read more...

President Klaus Iohannis answered a media question about the South Stream gas pipeline on Thursday by saying Romania will seek new opportunities for consolidating its energy independence and for connecting to the European energy systems. read more...

The Board of Romania’s Central Bank (BNR) decided on Wednesday to slash the key interest rate from 2.75% to 2.5% as of January 8, according to a release issued. read more...