Portuguese Millennium Bank delayed to 2013 the return to profit of its Romanian subsidiary, opened in the autumn of 2007, given that it posted a 24m-euro loss last year. read more...

Romania’s net average salary in December was at 1,496 lei (EUR1=RON4.2609), up 8.6% compared with the previous month, due to granting of bonuses, for vacations or the winter holidays, production increases, and to returning from furlough, the country's statistics institute said Friday. read more...

World Bank prepares two new supplementary financial assistance programs for Romania, that target the Health sector and the social aid sector, World Bank Senior Economist Catalin Pauna said. The official explained that the total value of the programs amounts to 750 million euro. read more...

Romania's Ministry of Public Finance plans to reduce the paperwork required from small enterprises and allow them more time to file tax statements, state secretary Dan Lazar said Thursday in a seminar hosted by daily paper Ziarul Financiar. read more...

The World Bank will grant Romania a EUR750 million loan for two projects aimed to reform the healthcare and social assistance sectors. read more...

Romania’s central bank Thursday left its main interest rate at a record low of 6.25% a year for the sixth consecutive time as it continues to battle a high inflation. read more...

Reducing the value added tax is not a good solution for Romania, as it will not lower prices, but it will have a negative effect on the predictability of the fiscal framework, Finance Ministry state secretary Dan Lazar said Thursday. read more...

Nearly 80 border police and customs workers have been detained Thursday morning in the Siret customs, one the border with the Republic of Moldova, on cigarette smuggling and bribe taking charges. read more...

A Romanian will spend almost 167 euros per month on average for food, beverages, cigarettes, clothes, footwear and personal care products in 2015, over 50 euros more than in 2010, according to ZF's calculations based on data provided by Euromonitor market research company. read more...

Banca Transilvania (Transilvania Bank - TLV), the biggest Romanian-controlled lender, finalised a primary offering at the end of January, targeted at employees and a limited number of private investors, whereby it raised 8.05 million lei (1.89 million euros). read more...

Mişu Negriţoiu, who in summer will have run ING Bank Romania for five years, says he does not have a management contract for a definite period of time of three or five years, as is the rule on the market, and that he will stay in this position as long as the Dutch are satisfied with the generated results. read more...

Banca Transilvania plans to spur lending by as much as 20% this year, after having boosted lending volumes by 10% last year, and has the biggest demand pick-up expectations from the corporate segment, states Robert Rekkers, general manager of the lending institution. read more...

Romanian foreign exchange reserves rose to EUR32.69 billion in January, after the International Monetary Fund released a seventh installment of a EUR13 billion stand-by loan, central bank data showed Tuesday. read more...

RON flood on the currency market considerably cheapened the state's borrowings in January, and bankers also started revising the "lavish" interest rates paid for clients' deposits, which dropped by as much as one percentage point. Instead, nobody is speaking about cheaper loans for private sector clients, with bankers preferring to thus fatten their profit margins. read more...

Communications ministry owing about 46% of Romtelecom, the biggest telecom operator in Romania, will cash in dividends o the net profits of the company worth 43.5 million euro, the minister announced on Monday. read more...

Romania has enough money to pay pensions and salaries and is likely to overcome recession this year, Finance Minister Gheorghe Ialomitianu said Monday. read more...

Romanian Finance Minister Gheorghe Ialomitianu on Monday said the International Monetary Fund and the European Commission appreciated Romania’s results under the stand by agreement, adding value added tax revenue covered arrears and kept the budget deficit within agreed margins. read more...

The new pollution tax, which came into force on January 1, and the raised VAT (24%) could generate around 450 million euros in revenues to the state budget, according to a ZF analysis. read more...

The growth rate of revenues collected from VAT slowed down by nearly half in December against November, the lowest growth rate recorded after the VAT was raised by five percent. read more...

The Romanian Government approved an ordinance whereby wage bonuses granted to managers of national companies in 2011 will be kept at last year’s level, Prime Minister Emil Boc said Friday evening. read more...