The World Bank is prepared to offer Romania technical and financial assistance for its planned follow-up deal with the International Monetary Fund and the European Commission, much like it did when the initial bailout package was signed two years ago, a World Bank official said Tuesday. read more...

The Ministry of Public Finance (MPF) on Monday borrowed 2.541 billion lei (approximately 0.5978 billion euros) from the commercial banks, in an issue of discount T-bills, placed on tender through the Romanian National Bank. read more...

The Romanian state collects half the value of petrol and diesel oil sales, i.e. around 3.5 billion euros in 2010, the equivalent of 9% of its revenues, based on estimates on the amount of fuels sold on the Romanian market. Around 20 million euros' worth of petrol and diesel oil are sold daily on the Romanian market. read more...

Romania’s leu extended early gains versus the euro in mid trade Monday and the central bank’s reference won 0.2% to 4.2578 units, from 4.2669 units Friday. read more...

Banks continue to charge loan application processing fees calculated as a percentage of the value of the loan, although the law on loans to consumers in force since the end of last year requires them to charge clients a fixed amount regardless of the loan value. read more...

Analysts say Romania will most likely not access the money available to it as part of the new arrangements with the IMF and the European Commission (EC), but will borrow from private financial markets, although its financing needs remain high, an estimated 19 billion euros for this year. read more...

Catalin Parvu, head of the local subsidiary of the Greek at Piraeus Bank, says he is optimistic about 2011 and expects a wide-scale resumption of lending, be it just because banks will be forced to boost their revenue base. read more...

Romania will pay the International Monetary Fund interest worth SDR266 million (EUR300 million), for the loan installments transferred this year. read more...

The Romanian leu fell against the euro in mid-trade Friday, on a negative sentiment in the region, and the central bank announced a reference rate of 4.2669 units, 0.25% weaker than 4.2564 units a day before. read more...

Petrom, the biggest company on the Romanian market, last year paid 55 million euros as ruled by the National Fiscal Administration Authority (ANAF) after the tax authority found expenses registered as deductible in the company's books, but which did not qualify as such. read more...

The leading Romanian cities have started to publish their own budget drafts for 2011, which provide either for revenue declines or for anaemic increases against 2010, a year that was not at all good as far as revenues of the local administration are concerned: the revenues of the leading cities fell by an average 10% against 2009, which led to repeated expense adjustments. read more...

Foreign direct investments in 2009 were around 1.4 billion euros lower than original calculations had shown, down 63% against the previous year, instead of the original 48% decline. read more...

The good news for 2011 is that bankers are in one voice speaking about rising lending after two years when the amount of private sector funding has dropped in real terms, yet the first targeted are exporting companies, those accessing European funds or energy ones. read more...

Romania will register an economic growth of 1.2%, and the annual inflation rate will fall towards 4.3% in December, the association of financial and banking analysts AAFBR said in a survey Thursday. read more...

Romanian fiscal authorities Wednesday started a series of unannounced inspections targeting the pricing algorithms, taxable profits and accounting methods of oil companies, according to Sorin Blejnar, the president of tax authority ANAF. read more...

The European Commission's Directorate-General for Taxation and the Customs Union supports Romania's request to apply reverse taxation on cereal and will forward the paperwork to the Council of the European Union for approval, said Sorin Blejnar, head of Romania's tax authority ANAF. read more...

Foreign Direct Investments ncreased in the first 11 months of 2010 to 2.26 billion euro, a 25.5% drop compared to the similar period in 2009 of 3.04 billion euro, Romania’s National Central Bank data reads. read more...

Romania's current account deficit widened 23.5% to EUR5.17 billion in January-November 2010, from a gap of EUR4.19 billion in the year-earlier period, due to the lower current transfers surplus and an increasing deficit of the incomes balance, central bank data showed Thursday. read more...

Romania's overall debt will reach a peak of around 82% of GDP this year, a major increase against the 51% recorded at the end of 2008, but resumption of economic growth will allow for the debt to return to manageable levels in the medium run, according to the latest IMF report on Romania's economic situation. read more...

People who took out Swiss franc-denominated loans in recent years, lured by the smaller nominal interest rates displayed by banks, are now seeing themselves having to pay increasingly higher instalments as the exchange rate is hitting all-time highs. The franc is now 28% stronger against the RON than in late 2008 and 57% higher than in December 2007. read more...