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Romania posted the highest inflation in the European Union for the seventh consecutive month in February, while the EU's average rate was stable at 2.8%, statistics office Eurostat said Wednesday. read more...


Bancpost has many clients, also products, but multiple sales have not functioned so far, and relationships with clients are weak. Retail brings the largest part of revenues, but a systemic bank needs to be stronger on the corporate side as well. The area of large corporations is not sufficiently accessed. read more...


Romania’s leu traded in ranges against the euro in mid session Tuesday and the central bank’s reference weakened slightly to 4.1865 units, from 4.1843 units a day earlier. read more...


Mandatory pension funds (pillar II) managed 4.7 billion lei (1.1 billion euros) in assets at the end of February, 4% more than in the previous month and almost 2 billion lei more than in the corresponding period of last year, reveal the data of the Private Pension System Supervisory Commission (CSSPP). read more...


The Romanian currency has left behind the turmoil generated by the catastrophe of Japan and yesterday reached new highs against the euro and the dollars, returning thus to last spring's levels. read more...


Romania's Government has transferred around EUR90 million to local authorities, for infrastructure development projects and the construction of sports centers in rural areas, with most of the money going to units administered by the ruling Democratic Liberal Party (PDL). read more...


Romania's current account deficit narrowed 86.5% to EUR15 million in January, from a gap of EUR111 million in the year-earlier month, as the trade balance turned to surplus, central bank data showed Monday. read more...


Romania’s fiscal administration agency received a list of about 80,000 operations on the Swiss bank accounts made in the last four years by about 50 Romanian citizens and a new set of data is expected from the US, sources close to the financial – banking system declared for HotNews.ro. read more...


Romania’s leu traded in ranges against the euro in mid session Monday and the central bank’s reference firmed nearly 0.5% on the day to a fresh 10-month high at 4.1843 units. read more...


Romania’s commercial deficit decreased in January 2011 by 60% to 186.2 million euro from 472.9 million euro in the same month in 2010, Romania’s National Statistics Institute reports. The decrease of the commercial deficit was mainly caused by an increase of exports to the imports. read more...




Romania’s trade deficit narrowed to EUR186.2 million in January, from nearly EUR473 million in the year-earlier month, the country’s statistics institute INS said Monday. read more...


Only two of the nine private companies that received state aid last year, which amounting to an overall 191 million euros, have Romanian shareholders, according to data sent to ZF by the Finance Ministry. read more...


The Romanian government will come with a set of tax incentives to reduce taxation of labour until mid this year, because Romanian employers need to make a profit in order to create new jobs, said Labour Minister Ioan Nelu Botiş, 43, at a meeting in Bistriţa with businesspeople in the county. read more...


UniCredit Ţiriac Bank, the seventh bank in terms of assets in 2010, ended last year with net income worth almost 57.2m lei in line with Romanian accounting standards (RAS), down 75% from the 2009 income. read more...


The leu will continue to strengthen throughout 2011 to an exchange rate of 4 lei per euro in December, believe analysts of American giant JP Morgan, who come with the most optimistic exchange rate forecast for this year. read more...


Banks' individual clients had overdue loan payments totally worth 5.7bn lei (1.3bn euros) in late January, with the sum being almost 73% higher than in the corresponding period of 2009, according to NBR data. read more...


Romanian democrat liberal deputy Petru Calian put forward a proposition to levy excise taxes on soft drinks containing sweetening agents. read more...


Romanian President Traian Basescu will attend a meeting of ruling Democratic Liberal Party leaders scheduled for Sunday afternoon, president’s spokesman Valeriu Turcan told Mediafax. read more...


It's farewell to declines in the NBR interest rate until the end of the year; the Romanian currency will continue to strengthen against the euro because the central bank will try to temper prices of import goods. These are the main effects anticipated by analysts after the negative surprise of February inflation, when the annual rate abruptly leapt from 6.9% to 7.6%. read more...


Those who chose to borrow in Swiss francs to buy a home in 2006-2007 paid less in lei than if they had taken out a euro-denominated loan, thanks to the lower interest rates, despite the franc/leu exchange rate rising faster than the euro/leu rate. read more...



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