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BRD-SocGen, the second biggest bank in terms of assets, ended 2010 with net income worth almost 501m lei, down 36% from 2009, in line with the Romanian accounting standards (RAS). read more...


Romanian President Traian Băsescu made a surprise announcement that Romania would not see negative growth in the fourth quarter of 2010 after all, contradicting forecasts of most analysts. read more...


The price of gold is currently around 7% lower than the historic high reached at the end of December, with the major fluctuations recorded at the beginning of this year being troublesome for investors who let themselves be mesmerised by the spectacular rises recorded in previous years. read more...


Romanian consumer prices rose 0.77% on the month in January, while the annual inflation eased to 6.99%, the country’s statistics institute INS said Monday. read more...


The economy remained in recession in the fourth quarter of 2010, with a 1% annual decline and a 0.3% quarter-to-quarter decrease, BCR analysts estimate. read more...


Romania's public debt continued to rise last year at a fast pace of 31.6%, amid massive state borrowing, and reached 194 billion RON (46 billion euros), accounting for 38% of GDP. read more...


Gold is currently almost 7% below the peak reached in late December, and the broad variations registered at the beginning of this year have certainly caused a headache to investors lured by the precious metal's spectacular increases of the passed years. read more...


The ten largest banks entered a small-fee race at the start of the year, so that a loan file is not taxed with more than 400 euros, two-three times less than last year. read more...


Romania plans to write off debts of 1 billion lei (EUR1=RON4.2649) of companies in the defense industry, citing a EU norm which allows the protection of the national military interest and arguing that foreclosing their assets would impact defense capabilities. read more...


Romanian banks reported combined losses of 304 million lei (EUR1=RON4.2649) in 2010, for the first time in 11 years, people familiar with the matter told Mediafax Friday. read more...




The current account deficit of the balance of payments increased last year by 5.0% compared to 209 to 5.15 billion euro, Romania’s National Central Bank data reports. In 2009 the current account deficit was 4.91 billion euro. read more...


Foreign direct investments amounted in 2010 to 2.59 billion euro, a 25.5% decrease compared to last year, Romania’s National Central Bank data reports. read more...


The government will sell its minority shares it holds at energy companies that should be part of the Electra and Hidroenergetica giants. read more...


National Agency for Fiscal Administration (ANAF) chief, Sorin Blejnar was called by PM Boc for an evaluation of the situation at the Romanian customs following the investigations of anti graft prosecutors in the last days, official sources told news agency Agerpres. read more...


The Romanian Structural Instrument Coordination Authority (ACIS) will be transferred from under the authority of the Finance Ministry to the prime minister, to monitor European fund absorption, Prime Minister Emil Boc announced Wednesday. read more...


Romania can’t hope to obtain external loans if it continues to relay on consumption as the main engine for economic growth, central bank governor Mugur Isarescu said Wednesday. read more...


Romanian authorities can take lots of measures to support small and medium-sized enterprises, such as reducing bureaucracy and checkups, but also improving the business environment, central bank governor Mugur Isarescu said Wednesday. read more...


The goal of the new arrangement with the IMF is to encourage durable economic growth, says Jeffrey Franks, chief of the negotiation mission with Romania, after the measures decided with the authorities in the past two years failed to bring about the much desired exit from recession. read more...


The European Commission wants to include mutual fund investors in compensation schemes, proposing damages of as much as 50,000 euros for each client that suffers losses. However, European states are against such a move, under the pressure of fund managers and banks, fearing that such a scheme for funds would generate high costs. read more...


Romania's economy is on track for recovery and the probability of a third year of recession is less than 10%, an official of the International Monetary Fund said Tuesday. read more...



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