IMF says the Romanian economy is starting to rebound, exports continue to increase and consumer and investor confidence, although low, is showing signs of recovery, yet warns that there is a risk that the Government might drop certain reforms because the economy is picking up. read more...

Romanian overdue private loans rose 1.3% on the month to 17.8 billion lei (EUR4.4 billion) in March, equal to 8.66% of the total lending, central bank data showed Thursday. read more...

Romania has no problems with reporting to Eurostat with respect to the 2010 budget deficit, State Secretary at the Public Finances Ministry Gheorghe Gherghina told a news conference on Tuesday. read more...

Romania should maintain its goal to adopt the euro in 2015, President Traian Basescu said Wednesday on national television TVR, adding he had talks on the subject with the prime minister and the central bank governor. read more...

Romanians working abroad in 2010 sent over 4.5bn dollars (3.4bn euros) back home, slightly down, however, from 4.9bn dollars (3.5bn euros) in the previous year, according to the calculations presented by MoneyGram, one of the main players in money transfer business globally, on the basis of World Bank data. read more...

CFR Infrastructură and Termoelectrica, state-owned companies with spectacular historic losses, are at the centre of the scandal generated by the reservations the EU voiced about the calculation of Romania's 2010 budgetary deficit and public debt, with Finance Minister Gheorghe Ialomiţianu discovering on this occasion that the respective companies have not even filed in their financial statements for 2007-2008. read more...

The government approved the emergency ordinance ruling a supplementary memorandum with the EU to mark the final stage of the financial assistance from the EU worth 5 billion euro structured in five installments. Romania will receive the last installment of 0.15 billion euro. read more...

The IMF has “definitely”no doubt to the quality of data on its 2010 budgetary deficit, Romania’s representative to the IMF, Mihai Tanasescu declared in an interview for RFI radio. read more...

The Senate rejected on Tuesday the draft law eliminating from the law regulating the National Integrity Agency the obligation of presidents, vice presidents, secretaries and treasurers of union federations and confederation to declare their wealth. read more...

When two thirds of retail lending is foreign currency-denominated, talks about curbing foreign currency loans appear to come late. In recent years, this major vulnerability of the domestic market has been hidden under speeches about the upcoming euro adoption. read more...

Government gives up plans to join the euro zone in January 2015, a deadline announced regularly in previous years and advanced just the plan to join ERM II, the European mechanism of exchange rates in the 2013 – 2014 interval, a document obtained by news agency Mediafax which the Executive plans to send to the European Commission reads. read more...

An IMF mission will arrive in Romania in Bucharest at the end of the month for the first evaluation mission of the new standby agreement, precautionary signed with Romania, IMF representatives said. read more...

Romania’s National Central Bank governor Mugur Isarescu declared on Wednesday that when the central bank defends the national currency, the operations cannot called aggressive nor barbarian referring to the speculative attack against the national currency in 2008. read more...

President Băsescu publicly launched the topic of changing the prime minister two months ago, but in the meantime his position has changed. However, markets have taken in this uncertainty and hesitate to lend long-term until the situation is clarified. read more...

Banks need to know on what foundation to plan their future activity, so it is necessary to draw up legislation to clarify if the state levies tax or not on the banks' earnings from the release of provisions after they switch to international financial reporting standards (IFRS), from 2012 onwards, believes Şerban Toader, senior partner of KPMG Romania. read more...

Foreign currency loans will not become more expensive on short term on the rising Euribor indicator as the falling country risk allows banks to borrow more cheaply from abroad. read more...

BCR, the biggest bank on the market, is currently in talks to settle lawsuits with individual clients on lending contracts now on the docket, proposing the modification of the interest clause by applying some smaller margins, for instance of 5.5% over six-month Euribor, depending on several criteria. read more...

Loan demand from individuals registered a spectacular rebound in March, with the number of loan reports issued by the Credit Bureau at banks' requests for information on potential clients almost doubling from previous months, to 569,000 queries. read more...

President Traian Basescu announced on Tuesday, at Tallinn that he will launch a discussion within the National Central Bank, the government and analysts to see whether Romania should maintain its objective to join euro in 2015, Agerpres reports. read more...

Stagflation, reflected in a stagnation of the economic activity and continuation of an inflationist process is being felt in Europe including Romania, Stefan Wagstyl Financial Times editor for emerging markets writes in his blog, beyondbrics. He notes that the annual inflation increased in March at 8% while the economy is struggling to grow after two years of recession. read more...