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News in Finance-Banks
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The Finance Ministry (MFP) is holding an auction today to sell 2-year government bonds worth 650 million lei (about 142.8 million euros). read more...


Romania might lose about 1.2 billion Euros, out of the European funds pertaining to the Human Resources Development Sectoral Operational Program (POSDRU), due to the uncovering of serious irregularities in the unfolding of this program, between 2010-2011, PM Victor Ponta said yesterday. According to him, the 100 million Euros for 2012 and the 1.1 billion Euros for next year represent all the payments afferent to the POSDRU. read more...


The International Monetary Fund’s chief of Romania mission, Jeffrey Franks said Wednesday the IMF is satisfied with the commitment showed by Bucharest towards pursuing with the Accord signed with the international lender. read more...


President Traian Basescu on Sunday said that he is unreservedly supporting restoring public wages to their levels of before a 25-percent cut in 2010. read more...


President Traian Basescu talked to the joint delegation of the International Monetary Fund, the European Commission and the World Bank on Thursday about the possibility of raising wages in the public sector, according to the Presidential Administration. read more...


Premier Mihai-Razvan Ungureanu gave guarantees that the European funds for Romania would not be suspended. read more...


The Romanian Government has projected a 2012 debt of 33.9 percent of the Gross Domestic Product (GDP) and a 2013-2015 debt of less than 33.5 percent of the GDP, which is far below the maximum 60-percent-of-the-GDP level provided for under the Maastricht Treaty. read more...


The Government agreed to prolong the public debates upon the property restitution bill, but it will have to sent it as soon as possible to the Parliament, which will have the final say on its normative content, Justice Minister Catalin Predoiu said in an interview . read more...


There is no correlation between the European Union funds and the real development needs of Romania, economic analyst Ilie Serbanescu told debates on the volume published by economist and former Finances Minister Daniel Daianu entitled When Finance Undermines the Economy and Corrodes the Democracy. read more...


The restoration of the public wages will have a limited impact if the Government’s deficit target provided for in the arrangement with the International Monetary Fund (IMF) is observed, and this process would rather lead to a gradual recovery of domestic demand, Governor of the National Bank of Romania (BNR) Mugur Isarescu told a news conference on Thursday. read more...




The consolidation of inflation within the variation band around the target paves the way for maintaining financial stability and achieving sustainable economic growth, Governor of the National Bank of Romania (BNR) Mugur Isarescu told a news conference on Thursday. read more...


The National Bank of Romania’s (BNR) Board of Directors on Thursday decided to cut the key interest rate to 5.25 percent per annum down from 5.50 percent starting March 30, 2012, the BNR has announced. read more...


Minister of Labour, Family and Social Protection Claudia Boghicevici told a press conference that the measures to be taken to make possible the public wage restoration depend on the economic figures of April. read more...


The Executive Board of the International Monetary Fund (IMF) approved the fourth review of the precautionary agreement with Romania, but warned however that it was necessary to continue the commitments to economic reforms in order to help withstand current uncertainties and to increase potential growth, reads the release published on the IMF page. read more...


Population’s resuming consumption is needed for economic growth, and the salary rise in the public sector will have a direct, positive effect on the consumption, Government’s spokesman Dan Suciu said, after PM Mihai-Razvan Ungureanu met with BNR governor Mugur Isarescu. read more...


President Traian Basescu told Parliament that solutions should be found for the public servants’ salaries to be made complete again about June 1. read more...


The bonds issued by the Public Finance Ministry (MFP) on February 28 on the US market have been mainly bought by US and UK investors, informs a release remitted on Wednesday. read more...


Premier Mihai-Razvan Ungureanu on Friday asked the minister and the other governmental officials with capacities in the tax evasion combat to increase the collection ratio of taxes to the state budget by 1.5 percent of the GDP in 60 days. read more...


Head of the International Monetary Fund (IMF) mission to Romania Jeffrey Franks will pay a two-day visit to Bucharest on Feb. 21-22, answering the invitation extended by Romanian Prime Minister Mihai Razvan Ungureanu. read more...


President Traian Basescu said on Thursday that the European funds represent an essential element of economic growth, as they can significantly contribute to ensuring Romania’s macroeconomic stability. read more...



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