Romanian and Greek consumers felt the worst effects of the crisis and the high public debt out of all Europeans last year, while Germans were the best off, according to a study by GfK. read more...

Romania made a “wise” move in securing a two-year follow-up deal with the International Monetary Fund, as it will ensure economic stability even in time of elections, IMF mission head Jeffrey Franks said Tuesday. read more...

Banks will resume lending to customers in the real economy because they have sufficient liquidity, anticipates NBR (National Bank of Romania) governor Mugur Isărescu, although bankers are still reluctant to lend, even to each other, more than two years after the shock of the outbreak of the financial crisis. read more...

The Romanian National Bank has a forex reserve nearly double as high as Romania's short-term external debt, and can be considered excessive when compared with that of other central banks in the region, after having received nearly 10 billion euros from the International Monetary Fund (IMF) in the past two years via an arrangement concluded precisely out of fear that the reserve may not be high enough to cover the debt in case of an external shock. read more...

Bankers need to have the customers' consent in order to scrap the addenda created based on Ordinance 50, on making retail loan costs more transparent, even if they were not signed by the debtors and were considered as tacitly accepted, say Constitutional Court judges. 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...

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...

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...

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...

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 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...

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...

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'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...

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...

Governor Mugur Isărescu will have to convince in today's press conference that the National Bank can keep prices in check in 2011 and rebuild trust in the NBR's monetary policy, after in each of the last four years inflation was above target. read more...

Romanian’s Prime Minister Emil Boc said Friday the Government and the business environment must share responsibility concerning the absorption of European funds. read more...

The European Commission has triggered infringement procedures against Romania for limiting the authorization of fiscal warehouses to energy products through government emergency decree 54/2010 amending the Tax Code, the Romanian Union of Road Transporters said Friday. read more...

Romanian inflation is likely to reach and even surpass 6% at the end of December, due to upward pressure from international food prices and the government’s commitment to eliminate subsidies for thermal energy, analysts of ING Bank Romania said Friday. read more...

The Turkish recipe of no-interest instalments for purchases paid by credit card has become the "key" to rebooting lending in banks' eyes, so that five top banks introduced this facility last year. read more...