Banker Nicolae Dănilă, former chief executive of BCR and currently a member of NBR's Board of Directors, has increased his liquid assets by almost two million euros from June through October, so that his financial assets reached about 20.8 million euros, according to his personal financial disclosure statement dated October 26. read more...

The Government allocated 3.2 billion RON (800 million euros) in the 2011 State Social Security Budget (BASS) for payment of pensions to military and police personnel, as well as to former employees of secret services, yet it has no idea how much money (if any) it saved with the recalculation of these "special pensions", which used to be confidential until recently. read more...

BCR, the biggest bank on the Romanian market, had 120 million euros' worth of mortgage loans refinanced with other banks, accounting for 8% of the portfolio, after the elimination of the early repayment fee, as part of Ordinance 50. read more...

Dan Şucu, the owner of Mobexpert and one of the most fervent critics of domestic banks' policy, is again saying consumer spending would pick up provided that loan interests were cut to half. read more...

CEC and BCR are the two banks that submitted offers for the 600m RON (around 142m euros) loan the Cluj-Napoca city hall wants to contract for the first payments related to planned or underway investments. read more...

The same sum was available in 2010 but not even half of the sum was requested so far, President of the National Warantee Fund, Aurel Saramet declared for EurActiv.ro/Hotnews.ro. read more...

Romanian public servants may be fired or transferred to other positions while on parental leave according to a bill amending the statute of public servants, up for public debate. read more...

IMF discussed with Bucharest authorities a series of principles for a better spending of public money but the way spending is restructured, depends on authorities, IMF Romania's representative Mihai Tanasescu declared. read more...

Schemes of purchases in instalments carrying zero interest have been driving sales of credit cards this year, despite the prolonged recession and clients' rising reluctance to lending products. read more...

Bankers in October made RON and euro loans to the consumers more than half a percentage point cheaper, with interest rates going down to 12.2% and 5.9% per annum, respectively, after they had during previous months pushed up loan costs in a bid to cover charges related to the implementation of Ordinance 50, which set more transparent conditions for loans. read more...