An IMF delegation, lead by Jeffrey Franks will arrive in Romania, from January 25 to February 8 for the seventh evaluation of the agreement signed with the Romanian authorities, a press release of the international institution reads. Negotiations for a new agreement will also be on the agenda. read more...

The auctions for projects financed by the European Union in the fields of transports, energy, environment and regional development will take place according to standard documents, which will be drafted by Romanian authorities in cooperation with European Commission experts. read more...

Romanian authorities should “maintain vigilance” over small banks, which are faced with a rapidly deteriorating loan quality and whose provisions are below the system average, the International Monetary Fund said in an analysis. read more...

The International Monetary Fund sees significant upside risks to Romania's 2011 inflation outlook coming from potentially higher food and energy prices and a weakening of the leu, according to the fund's report after the sixth review of the stand-by arrangement. read more...

The Romanian leu continued its upward trend in mid-trade Wednesday, on a positive sentiment in the region, and the central bank announced a reference rate of 4.2523 units, from 4.2581 units a day earlier. read more...

Romania should not take up loans from the IMF, but from international markets, like China or Russia because IMF measures are more costly, PSD leader Victor Ponta declared in an interview for HotNews.ro. read more...

Romanian consumer prices rose by an expected 0.53% on the month in December, matching November figures, and the annual inflation accelerated to 7.96%, the country’s statistics institute INS said Wednesday. read more...

BCR, the largest bank by assets, has only temporarily suspended from its offer RON-denominated real estate loans and euro-denominated unsecured consumer loans in order to have its cost structure match provisions of the law on credits granted to the population, which came into force at the end of last year. The bank will return with its full range of loans by the end of January, say BCR officials. read more...

Banca Transilvania, the fourth largest bank on the domestic market in terms of assets, is set to invest 15m euros in an Oracle technology, due to support the bank's entire activity, from retail to Internet banking. This is one of the biggest investments operated by a bank in an IT system. read more...

Greece's Piraeus Bank, the only domestic bank now selling gold to retail clients, plans to deliver 250 kilograms of gold to clients this year, over 60% more than in 2010. read more...

The Romanian Government said Tuesday it will continue its partnership with the World Bank, but there were no talks of a new loan agreement in the meeting between Prime Minister Emil Boc and World Bank official Philippe Le Hourerou. read more...

The Competition Council concluded 18 investigations of which 11 were older than 3 years and applied fines worth 31.49 million euro compared to six investigations concluded in 2009 and 2.3 million euro fines, a report of the institution released on Tuesday reads. read more...

CEC Bank needs funding to be able to compete with other banks and therefore a possible privatisation is the main topic to be discussed over the next period, Public Finance Minister Gheorghe Ialomitianu said at a press conference on Monday. read more...

Romania has to borrow three billion euros from the foreign market to finance its budget deficit amounting to 4.4 percent of the Gross Domestic Product (GDP), in 2011. read more...

The budget deficit target is 8 billion lei, in the first quarter of 2011, one third of the 24 billion lei deficit, respectively, namely 4.4 percent of the GDP, as agreed with the International Monetary Fund (IMF), for the current year, FinMin Gheorghe Ialomiteanu said. read more...

IMF to release on Tuesday the seventh installment to Romania, worth over 900 million euro, money that will enter the accounts of the National Bank, Romanian news agency Agerpres informs. read more...

Romania’s annual inflation rate reached 7.9%-8% at the end of December, following the sales tax raise in July, economic analysts said, and the central bank missed its target for the fourth consecutive year in 2010. read more...

In his first press conference after more than four months in office, Finance Minister Gheorghe Ialomiţianu announced he wanted Romania's financial situation midway through this year to allow for social contributions to be cut, with a VAT change being out of the question. read more...

Taxation of big fortunes will target 1-2% of taxpayers, with the target group including people with big fortunes or big spending who did not declare their incomes, according to Finance Minister Gheorghe Ialomiţianu. read more...

Banks can now levy a fee of as much as 20 RON on the amounts transferred to the customers' account through a payment order. The fee is hard to justify and has been introduced by bankers as an alternative source of revenue at a time when loan sales are very poor. read more...