Romania's Government will hold a meeting Tuesday evening to approve the additional letter of intent to the International Monetary Fund, agreed upon following the evaluation mission in October-November. read more...

The new agreement with the IMF amounts to 5-6 billion euro but the value might increase up to 8 billion euro depending on the financing need which will be established in March 2011, governmental sources declared for the financial daily Ziarul Financiar. read more...

Holders of ongoing loans who want to benefit from the provisions of Ordinance 50/2010, which establishes transparent terms for the consumers' loans, need to hurry and sign the additional papers supplied by the bank before Parliament gives its final vote on the modified form of the ordinance. read more...

Arval, the operational leasing company controlled by French group BNP Paribas, estimates an increase in business on the Romanian market by up to 25%, according to statements of company officials, to around 25 million euros. read more...

The largest state-owned energy companies, which generate turnovers of hundreds of million euros and have huge investment plans, keep their accounts or borrow from foreign banks, while CEC (Romanian Savings Bank) is an almost inexistent option as regards lending to or managing the money of some giants such as Hidroelectrica, Electrica or Transelectrica. read more...

The Romanian Chamber of Deputies on Monday approved with 171 votes in favor, 49 votes against and five abstentions the draft law on family allowance, whose articles were adopted last week. read more...

Romanian MPs in the Chamber of Deputies on Monday passed a government decree raising the sales tax to 24% from 19%, which has been in effect since July. read more...

Rompetrol is holding talks with Romania’s Finance Ministry for a solution to the group’s historic state debt, since Romanian and Kazakh presidents Traian Basescu and Nursultan Nazarbayev agreed the issue would be solved amiably, the oil company said in a statement. read more...

The Parliament's budget-finance committees passed the draft laws on the state budget and social security budget in just two days, accepting only minimum concessions compared to the 11,000 amendments submitted by the opposition. read more...

The state's three-year foreign market funding programme worth around 7 billion euros is on the finishing straight after the Finance Ministry hired law firm consortium formed of local firm Radu Tărăcilă Pădurari Retevoescu and British group Allen&Overy to provide legal assistance. read more...

The Romanian Parliament’s budget and finance committees on Sunday adopted with 25 votes in favor and 21 votes against the report on the draft state budget law for 2011. read more...

The Romanian Parliament’s budget and finance committees on Sunday approved with 25 voted in favor and 21 votes against the report on the draft social security budget law for 2011. read more...

Romanian opposition social democrat and liberal lawmakers Saturday afternoon decide to return to the meeting of the Parliament’s budget and finance committees debating the draft 2011 state budget, after they had left debates and caused the meeting to be suspended. read more...

Romania will have problems accessing instalments from the IMF if it will fail to comply to conditions in the IMF/EC agreement and the plan B would be take up loans fromthe market which is not a good thing, Romanian Finance minister Gheorghe Ialomitianu declared. read more...

American GE Money, the financial services division of giant General Electric, has decided to leave Romania after five years during which it invested over 100 million euros, but without visible results. read more...

The value of assets managed by mandatory private pension funds, pillar II, reached 4.15bn RON (967m euros) in late November, only 3% up from the previous month, according to the data provided by the Private Pension System Supervision Commission (CSSPP). read more...

Romania’s Parliament has scheduled plenary meetings for debates on the country’s 2011 state budget for December 20 through December 24, Chamber of Deputies secretary Dumitru Pardau said Wednesday. read more...

From January through October foreign debt payments - the debt being largely taken out by the private sector - amounted to three billion dollars a month on average, but these volumes did not upset the RON's stability, partly because of NBR interventions on the forex market. read more...

Foreign banks' overall exposure to Romania in late June stood at 81.4bn euros, down almost 1bn euros compared with the end of March, with the steepest declines being reported in the case of Dutch and Greek banks. read more...

"good.bee Tranzacţii Mobile" (ed. note: "Mobile Transactions", a service offered by the Romanian Commercial Bank (BCR) which allows customers to do banking operations using their mobile phone, has doubled its number of users to 29,000, in 2010, and the company expects a similar growth rate next year. read more...