Finance, Banking and Economic News
Delegate Minister for Administration Radu Stroe on Sunday said that all data requested from the local administrations were received and that there were major amendments in the permanent electors’ lists that could reverse the situation at the Constitutional Court. read more...
The IMF does not have a preference for the flat tax or for the progressive taxation of revenues, but it is important that the fiscal reform ensures a sufficient revenue level, allowing the Government to make the priority expenditure for economy, education, health system, infrastructure, International Monetary Fund Mission head Erik de Vrijer told an interview to Agerpres. read more...
The Romanian economy expanded 0.5 percent in the second quarter of this year as compared to the three months to March, while when compared to April-June of 2011 it advanced 1.2 percent by gross series and 1.7 percent by seasonally adjusted series, show early estimates released by the National Institute for Statistics on Tuesday. read more...
Romania imported a usable natural gas quantity of 1.459 million tons of oil equivalent by this mid-year, down 28.79 percent (586,800 toe) from the first half of 2011, show figures centralised by the National Institute for Statistics. read more...
Romania was ranking No. 26 in the 2012 London Games medal table late on Saturday, after Day 15 of the competition. read more...
Terms the officials of the International Monetary Fund (IMF), and of the EU financial structures impose, will lead to the suppression of the social dialogue through the removal of the Collective Bargaining, at all levels, reads the release the trade unions confederations and employers associations signatories of a cooperation agreement sent to Agerpres. read more...
Suspended President Traian Basescu on Friday said that, to him, coming back to Cotroceni was no longer the main stake, as it was more important for the institutions to find if any frauds took place during the referendum. read more...
Lucian Isar has resigned as Romanian minister-delegate for the Business Environment and will be replaced with Mihai Voicu, vice-president of the Liberal Party. read more...
In the first semester, Banca Transilvania (BT) saw a net profit of 179.62 million lei, up 47% YOY, according to a report by the lender. In the first semester, the gross profit of BT was 193.22 million lei, up 28.6% compared to the end of June 2011. read more...
The droughty span is putting the maize and sunflower crops at risk and given such a situation, the small and medium-sized firms (SME) will get compensation from the state to cover 80 percent of the losses, Minister of Agriculture and Rural Development Daniel Constantin told a news conference on Friday. read more...
The Romanian Foreign Affairs Ministry on Friday completed the interactive map of the polling stations set up abroad, an application developed by the ministry on Google Maps platform aimed at easing the access of the Romanians outside the country to the ballot box, the ministry said in a release to Agerpres. read more...
During the traditional Olympics flag-rising ceremony, in the accords of Romania’s national anthem, Romania’s flag has been unfurled in the International Area of the Olympic Village in London, on Wednesday, in the presence of the Romanian delegation made up of sportspeople and officials of the Romanian Olympic and Sports Committee (COSR). read more...
The budget deficit for the full 2012 will certainly meet the target of 2.2 percent of GDP agreed with the International Monetary Fund (IMF), Public Finances Minister Florin Georgescu said on Wednesday. read more...
The government will decide the desecretization of the exploitation license for Roşia Montană based on a written request of the National Agency for Mineral Resources (ANRM), but the investors must also give their agreement, the minister of the Economy, Daniel Chiţoiu said yesterday, after the meeting of the Government. read more...
The Bucharest Stock Exchange (BVB) is starting today trading a new issue of Government benchmark bonds issued by the Finance Ministry. read more...
Prime Minister Victor Ponta said Tuesday at the headquarters of the Agriculture Ministry that he is supporting the introduction of a differential VAT on agricultural produce as from January 1, 2013. read more...
Prime Minister Victor Ponta told a press conference on Monday that he informed the international financial institutions about the Romanian Government’s intentions to propose the payment of the value-added tax (VAT) upon invoice settlement for the companies posting a turnover lower than 500,000 euros, provided that the reimbursements are carried out only through the banking system. read more...
Romania has exported 1.448 million tons of wheat and corn in the first 4 months of 2012, twice as much as the amount exported in the similar period of 2011, according to data the Ministry of Agriculture and Rural Development (MADR) . read more...
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...
President Traian Basescu said that it was the first time that he had been prevented from completing his constitutional tasks. read more...
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