The nearly 4 million customers with ongoing loans for whom banks considered the addenda created based on emergency ordinance OUG 50/2010 as tacitly accepted have to decide over the next 53 days if they accept the situation or cancel the documents, and return to the original version of the contracts. read more...

President Traian Basescu considers that a new agreement with the IMF, precautionary should be built on several pillars: fiscal consolidation, simplify fiscal policy, health reform, EU fund absorption and a more flexible labor market. read more...

Romanian President Traian Basescu advised the Government against signing a loan agreement with China, arguing that Romania has enough resources for investments. read more...

Romania’s central bank Wednesday left its main interest rate at a record low of 6.25% a year for the fifth consecutive time as the inflation is still above the bank's target interval. read more...

Prime Minister Emil Boc and Minister of Public Finance Gheorghe Ialomitianu on Tuesday decided to have a working group established, acting under the authority of the Minister, to work out the procedural mechanism for the taxation of undeclared incomes. read more...

The NBR (National Bank of Romania) is today discussing the level of the key interest rate on RON-denominated loans, which has been left unchanged at 6.25% per year since May last year. read more...

The Government sent to the International Monetary Fund (IMF) a letter saying Romania had met all conditions to get a new tranche of the loan, having ended 2010 with a deficit of 6.6% of GDP, with 1.27 million public sector employees and with the arrears below the agreed cap. read more...

Funding the Banking Deposit Guarantee Fund (FGDB) on the basis of stand-by agreements with lending institutions has been dropped at the beginning of this year, and banks' annual contribution quota has been raised from 0.2% to 0.3%. read more...

Romania’s government sent a letter to the International Monetary Fund saying the country has met all requirements for a new tranche out of the EUR13 billion stand-by loan, including a budget deficit of 6.6% of the gross domestic product for 2010, people close to the matter told Mediafax. read more...

Romania needs to report further progress in 2011 so that it keep up with plans to join the euro in 2015, but reforms might take two years, which may change the date of euro adoption, Romanian National Bank (BNR) Governor Mugur Isarescu said on Tuesday. read more...

Romanian banks raised in November the interest rates on new loans in both lei and euros, but maintained the interest on new deposits, according to central bank data released Tuesday. read more...

Players on the forex market, where nearly 400 billion euros are traded every year, say the euro will remain in the 4.2 RON region this year, as well. read more...

Ziarul Financiar asked several analysts and fund managers to say what type of investments they recommend to a medium-risk profile investor wanting to invest a sum of between 50,000 and 100,000 euros. read more...

Turkey's Garanti group paid 46m euros to buy the 26.73% stake US GE Money still held in the bank and the three non-bank financial institutions they operated jointly in Romania. read more...

Romania should consider a 3-4bn-euro precautionary arrangement, which it should seal with China, the financial powerhouse of the moment, and which should be focused on investment projects, and not on reform programmes like in the case of the agreement with the IMF, maintains Sebastian Vlădescu, former finance minister. read more...

Romanian foreign exchange reserves fell slightly to EUR32.43 billion in December, from a record of EUR32.8 billion in the previous month, central bank data showed Monday. read more...

A new start for the banking market: though not much has been left from Ordinance 50 on old retail loans, the kind of abuse against clients registered so far will no longer be possible. The possibility of loan refinancing will tighten competition among banks, and clients will be able to shun too high costs. read more...

The deadline for the submission of VAT refund requests for 2009 by taxable companies, which are not established or registered for this purpose in Romania, has been extended to March 31 next year, from September 30 this year, through a Government Decision. read more...

Casinos in Romania will have a 20 lei (EUR1=RON4.2877) cover charge, while establishments with slot machines will charge RON5 for admission, under the Fiscal Code, as amended by the Government. read more...

Salaries awarded through court rulings and the wage earned by the president of a homeowners' association will be included in the gross income and will be subject to social security taxes, under Romania's Fiscal Code, as amended by the Government. read more...