Businessman Ioan Niculae, the owner of agricultural group Interagro, leads Forbes 500 Richest Romanians list in 2013, being worth an estimated 1.1 billion euros. read more...

Raiffeisen Bank International (RBI), the majority shareholder of Raiffeisen Bank România, has revised upwards its estimates concerning the level of provisions for non-performing loans which it will need to set up this year. Thus, whereas initially the financial group expected provisions to reach 1.009 billion Euros this year, sees loan-loss provisions of as much as 1.2 billion Euros. The revision was caused by the evolution of the group's corporate client portfolios, in Central and Eastern Europe. read more...

The content of the new Letter of Intent with the International Monetary Fund (IMF) aims at ensuring the sustainable macro-economic balances and at continuing the economic growth and the purpose of signing a new agreement is not connected with the introduction of new fees and taxes, the Public Finance Ministry (MFP) points out in a release. read more...

In its meeting of Monday, the Board of the National Bank of Romania decided to lower the monetary policy rate to 4.5 percent per annum from 5.0 percent, starting with August 6, 2013, the Central Bank informs in a press release.. read more...

Prime Minister Victor Ponta at Victoria Palace on Monday announced the negotiations for a new agreement with the International Monetary Fund (IMF) were concluded, the results going to be announced on Wednesday. read more...

The chairman and chief executive officer of OTP Bank, Sandor Csanyi, sold 1.7 million shares of the Hungarian bank, worth approximately 7.8 billion forint (26.42 million Euros), representing 0.6% of the 280 million shares traded on the stock market. read more...

Financial stability is a precondition to any economic growth, and recession in Romania would have been much more severe, if the banking crisis were not avoided, said on Thursday, at a colloquy at the National Bank of Romania (BNR), Governor Mugur Isarescu. read more...

The IMF expects Romania’s economy to grow 1.6 percent in 2013 and 2 percent in 2014, while the inflation rate is seen hitting 4.5 percent this year and sliding to 3 percent in 2014, informs the IMF country report posted on the website of the international financial institution. read more...

The International Monetary Fund estimates a global economy growth of 3.1 for the next period, IMF Managing Director Christine Lagarde on Tuesday told the conference “Eastern Europe and Romania: The Road Ahead,” hosted by the National Bank. read more...

President Traian Basescu said, on Tuesday, at the start of the meeting with the Director General of the International Monetary Fund, Christine Lagarde, that, although there were a few problems, the IMF agreement was finalized. read more...

Premier Victor Ponta on Monday, at the Victoria Palace, met Managing Director of the International Monetary Fund (IMF) Christine Lagarde. The two officials agreed on continuing the structural reforms and the increase in the absorption of European funds, informs a release the Government. read more...

Standard & Poor’s Ratings Services on Thursday reported having affirmed its ‘BB+/B’ long- and short-term foreign and local currency sovereign credit ratings on Romania. The outlook is stable. read more...

On the last monetary policy meeting, the NBR came up with a surprise by which it wants to convince us that it still holds a relevant position in the mechanism of an economy which is incapable of overcoming the recession. read more...

Romania, Latvia and Lithuania are the three obvious candidates for exiting the excessive deficit procedure, European Commissioner for Economic and Monetary Affairs Olli Rehn declared in Brussels on the occasion of the presentation of the EC spring economic forecasts for 2013 – 2014. read more...

Romania’s economy in 2012 grew 0.7 percent in real terms from 2011 and the Gross Domestic Product (GDP) was estimated at 587.499 billion lei current prices, according to the provisional data released by the National Institute of Statistics (INS) on Wednesday. read more...

Rating agency Japan Credit Rating reconfirmed Romania’s BBB- rating with a stable outlook, for long-term liabilities issued in foreign currency, and also the BBB rating with a stable outlook for long-term liabilities issued in local currency, according to the website of the Ministry of Public Finance (MFP). read more...

Last year, BCR saw a total loss of 1.2 billion lei (277 million euros), amid the increase of loan-loss provisions, by 68.2%, according to bank officials. read more...

The visiting International Monetary Fund (IMF) delegation discussed with the National Bank of Romania (BNR) officials on Friday about the money policy and the net foreign assets, sources close to the talks. read more...

Romania ranks first in the European Union by the cut in the budget deficit, which has been narrowed by 2.5 billion euros, Prime Minister Victor Ponta said on Thursday evening. read more...

The Government proposes budgetary discipline, instead of austerity, development through supporting the private environment and social equity, Premier Victor Ponta said on Thursday, January 10, at the end of the presentation of some elements of the budget for the current year. read more...