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...

The position of government inspector will be eliminated from the category of high public servants and people filling such positions will be transferred to a reserve body from where they could occupy executive positions, according to propositions to change the statute of Romanian public servants. read more...

Romanian net investments fell 14.2% to 14.13 billion lei (EUR1=RON4.2923) in the third quarter compared with the year-earlier period, largely due to a slowdown in construction, the country’s statistics institute INS said Friday. read more...

The major decline of agriculture, which took most analysts by surprise, and the continued decline of constructions and of trade dragged the economy down in the third quarter, deepening the decline to 2.5% compared with the similar period of last year. read more...

The state has spent over 166 million euros on the "Rabla" vehicle scrappage scheme this year, over five times more than in 2009 and ten times more than in 2007, the last year of car sales rise before the economic crisis. read more...

Adrian Tănase, who manages equity fund ING Romanian Equity - one of the biggest investors on the Bucharest Stock Exchange, is optimistic about the performance of the stock exchange in 2011 and expects more significant investments in Romanian equity when market liquidity will allow it. 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...

The only investors showing interest in Romania currently are hedge funds and companies of small economies, as the sovereign rating assigned by two of the three largest international agencies is in the "speculative grade" category, says Magdalena Manea, corporate vice-president with RBS Romania. read more...

Last year, nearly 10% of the Gross Domestic Product and over 10% of exports were accounted for by cars and by car parts, and with Ford announcing a production similar to that of the Dacia plant, the percentage could rise to over 15% after 2013. 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...