Bankers prefer to place their money with the BNR (Romanian central bank) at an interest of just 2.25% a year on leu-denominated deposits in order not to take any chances on the economy. read more...

If Greece will restructure its debt it might have a significant negative effect on Romania’s economy, ING Bank chief economist Nicolaie Chidesciuc declared for HotNews.ro. read more...

The new accounting law, modified through a government emergency ordinance, for the first time makes a clear distinction between organising and keeping the books, versus doing more advanced reporting (an accountant's job) and signing for it. read more...

The rise in food prices underestimated by analysts again, and compounded by the increase in electricity price took annual inflation to 8.34% at the end of April, after a 0.66% monthly increase. read more...

The "First Home" scheme is officially frozen, as banks have exhausted the 200m-euro sum earmarked at the start of the year and the fourth stage cannot start since the protocol of co-operation with the SME Loan Guarantee Fund, the institution managing state guarantees, has not been published in the Official Gazette. read more...

The Government is set to conduct transparent international tenders based on the "TV model" to select consultancies that will handle the recruitment of independent professional managers for around 50 state-held companies selected together with the IMF, says Mihai Tănăsescu, representative of Romania to the international financial institution. read more...

Romania needs a development policy based on its own needs, World Bank country director Peter Harold said, adding that the proposals made by international institutions are not meant to impose certain themes or tell it what to do. read more...

The Finance Ministry controlled by PD-L (Democratic Liberal Party) has brought CEC into the undesirable situation of the NBR rejecting two managers nominated by the shareholder. read more...

The IMF says the probability of recession returning to Romania this year is very low and expects economic results will confirm the return of growth. read more...

BCR, the biggest bank on the Romanian market, has seen daily applications for consumer loans double in the six weeks since launching a campaign to promote leu-denominated funding with a fixed 12.5 % a year interest rate and a maximum deadline of 10 years, to 2,000-2,500 applications, totalling around 75,000, says Dominic Bruynseels, the bank's CEO. read more...

The 2015 deadline set by Romanian authorities to join the euro zone is a mobilizing factor, President of the EC Representation in Romania, Niculae Idu said in an interview for RFI Romania. The official added that joining the euro zone would bring about more benefits than concerns. read more...

The decrease in social contributions will be most probably discussed next week in the governing coalitions, Hungarian Democratic President Kelemen Hunor declared on Monday for news agency Agerpres. He said that both UDMR and other governing parties endorse a decrease of social contributions if the measure will be sustainable. read more...

The state will commit to use international human resources companies to recruit the future managers of some state owned companies that register debts. This will be included in the intent letter that the government will sign with the IMF, governmental sources declared for HotNews. read more...

Consumption prices increased in April by 0.5% while the annual inflation rate was 8.2% according to an average of opinions expressed by the members of the financial analysis’s association. read more...

OTP Bank, the biggest Hungarian financial group, is in talks with the Royal Bank of Scotland, a financial group nationalised by the British government after the massive losses it logged in 2008, to take over its domestic subsidiary, according to market sources. read more...

Banca Transilvania (TLV) derived net income worth 31.7m lei in the first quarter, almost double last year's first quarter level. On Friday, the bank's shares gained 1.7% on a "red" market. read more...

Romania's Government will create an investment fund, fed by the National SME Loan Guarantee Fund, the Romanian Counterguarantee Fund and Eximbank, to finance profitable SMEs with temporary cash problems, and will also work out a system to finance small unlisted companies. read more...

Romania maintains its objective to join the euro zone in 2015, PM Emil Boc said at the end of a government’s meeting. Boc said that this is the decision of the government following consultations with coalition members, Central Bank Governor Mugur Isarescu and President Traian Basescu. read more...

PM Boc declared on Thursday night, at Craiova South Romania that many important EU member states started to adopt the austerity measures taken by the government. Boc was present at Craiova to present his motion program with which he stands for a new mandate as President of the Democratic Liberal Party. read more...

IMF says the Romanian economy is starting to rebound, exports continue to increase and consumer and investor confidence, although low, is showing signs of recovery, yet warns that there is a risk that the Government might drop certain reforms because the economy is picking up. read more...