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News in Finance-Banks
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IMF board will hold on Monday the first evaluation meeting of the new stand by agreement with Romania according to the program released by the institution, news agency Agerpres reads. read more...


Chinese Ambassador to Bucharest, H.E. Liu Zengwen said that Chinese businessmen are interested to invest in the road infrastructure in Romania, including in highways but big investments need to be assured with state warrantees, news agency Mediafax reports. read more...


The potential withdrawal of Greek banks from Romania would not pose such a big problem for the local banking sector because authorities have the necessary resources to takeover the branches and sell them later to other financial groups and the National Central Bank can face the shocks, a report of the financial institution JPMorgan Chase Bank reads, quoted by news agency Mediafax. read more...


Romanian, Bulgarian and Greek leaders should allow foreign experts to manage EU funds, German MEP Jorgo Chatzimarkakis declared for Euractiv. All these countries are very proud saying that this measure would affect their sovereignty, Chatzimarkakis said. read more...


One of the themes of the last months is related to Greece’s situation and the way its situation might affect the rest of the European economies. Romania’s representative to the IMF, Mihai Tanasescu talked with HotNews.ro about the impact of Greece over the Romanian economy. read more...


Finance minister Gheorghe Ialomitianu declared on Friday that Romania has no problems to finance the budgetary deficit. National Fiscal Administration chief Sorin Blejnar said that about 2,000 people will be laid off in the system. The personnel that will be laid off can be transferred to another institution, the Finance minister said. read more...


The Romanian central bank is keeping a close eye on Greek subsidiaries and has already taken preventive measures against potential fiscal slippages, first deputy governor Florin Georgescu said Thursday. read more...


The crisis in Greece wil most surely affect Romania and Bulgaria and the consequences started to make themselves felt: the first effect was a decrease of credits offered by Greek banks, a report of the Nomura bank, a Japanese bank reads quoted by a Financial Times blog. read more...


PM Boc declared on Tuesday night for TVR 1, the public television that it was not the EU that requested the territorial reorganization of Romania but it was us who asked for the reform, to facilitate the absorption of EU funds. read more...


Eastern European states postpone a decision to join euro and Romania’s target to join euro zone in 2015 is beyond surface, a useful mechanism to control the governing coalition to keep the state’s pockets in check before elections, Financial Times reads, quoted by Romanian news agency Mediafax. read more...




The World Bank revised the estimate of the economic advance of Romania to 1.6%, higher than the previous estimate but decrease the estimate for next year to 3.7% the Global Economic Prospects report reveals. read more...


Moody’s does not plan to modify its rating on Romania for at least a year to come, its general director for Central Europe, Petr Vins said quoted by news agency Mediafax. Moody’s is the only big financial evaluation agency that maintained Romania’s rating at the investment grade category during the crisis. read more...


Average net wages in Romania inched up 0.3% on the month to 1,498 lei (EUR362) in April, boosted mainly by Easter and other seasonal bonuses, the statistics institute INS said Monday. read more...


The government’s decision to eliminate heating subsidies to the population starting this year will have an impact over this year’s inflation rate that already reached 8.3% in April, IMF chief of mission in Romania said quoted by news agency Mediafax. He estimates that the impact on inflation will be 0.5 percentage points. read more...


Romania has the lowest rate of financial intermediation in the region with a weight of gross credits of 40% of GDP at the end of the year, a report of the financial agency Fitch reads quoted by news agency Mediafax. read more...


Investments in the Romanian economy dropped by 2.9% in the first quarter compared to the same period, last year to 9.91 billion lei, National Statistics Institute data reveals. Therefore, investments in new constructions diminished by 6.1% to 4.41 billion lei and those in machines dropped by 2.0% to 4.46 billion lei. read more...


The draft revised Romanian Constitution eliminates the stipulation that a person's wealth is presumed to have been acquired through legal means. read more...


Only 11 people know a few hours in advance the value of the most awaited indicator in Romania, set to be released today: the GDP growth in the first quarter of 2011 against the fourth quarter of 2010. 10 of them are members of the Department of National Accounts within the Statistics Institute, and the 11th is the president of the National Statistics Institute, Vergil Voineagu. read more...


"Bring clients" is the main target set for the BRD network this spring, says Roxana Cosmescu, recently appointed as an executive manager with the commercial pole of the network of BRD, the second largest domestic bank. read more...


Romanian clients of Volksbank demanded the Court to find Volksbank International AG that owns 99.3384% of the local branch in Romania responsible for the acts of the branch in Romania. read more...



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