The year 2011 will not bring tensions on the local financial markets, the RON will start on a trend of slight appreciation, interest rates on the monetary market will remain low amid excess liquidity, and the state will continue to finance itself problem-free, while on the Stock Exchange the "historic event" will be flotation of Fondul Proprietatea (Property Fund), anticipates Claudiu Cercel, vice-president of financial markets of BRD-SocGen, the second-largest bank on the Romanian market. read more...

The NBR (National Bank of Romania ) decided yesterday in its first monetary policy meeting to leave unchanged both the key interest rate, which has remained set at 6.25% since May 2010, and the minimum reserve requirements, preferring not to send out signals for a lending revival and for a reboot of the recession-mired economy. read more...

The nearly 4 million customers with ongoing loans for whom banks considered the addenda created based on emergency ordinance OUG 50/2010 as tacitly accepted have to decide over the next 53 days if they accept the situation or cancel the documents, and return to the original version of the contracts. read more...

Whereas 2009 was the year of discounters, in 2010 it was supermarkets' turn to become the most dynamic segment of modern retail. read more...

Romania’s Foreign Affairs Minister Teodor Baconschi declared on Wednesday that Romania will support Croatia to join the EU, underlying that recent speculations in the mass media are just temptations for sensational news. read more...

President Traian Basescu considers that a new agreement with the IMF, precautionary should be built on several pillars: fiscal consolidation, simplify fiscal policy, health reform, EU fund absorption and a more flexible labor market. read more...

Romanian President Traian Basescu declared on Wednesday in a government meeting that layoffs in the budgetary sector need to continue until there will be 900,000 budgetary in several years. read more...

Romania’s President Traian Basescu called on ministers to set precise deadlines during negotiations with unions on draft laws, including the Labor Code. read more...

Romanian President Traian Basescu advised the Government against signing a loan agreement with China, arguing that Romania has enough resources for investments. read more...

Romanian President Traian Basescu on Wednesday called on the Government to “fight until the end” so the country will join the Schengen Area in April-May 2011, but stressed that Romania can not denounce the Cooperation and Verification Mechanism or thwart Croatia’s EU accession. read more...

Romania’s three opposition parties have taken steps toward forming an alliance, as liberals are close to teaming up with conservatives and social democrats are considering an alliance with liberals for the next six to eight years. read more...

Romanian President Traian Basescu on Wednesday called on the High Council of Magistrates to postpone electing a new president and vice-president until January 20, after the Constitutional Court rules over the validation of the council’s members. read more...

Romania’s President Traian Basescu said Wednesday he takes political responsibility for the delay of the country’s accession to the border-free Schengen Area. read more...

Romania’s central bank Wednesday left its main interest rate at a record low of 6.25% a year for the fifth consecutive time as the inflation is still above the bank's target interval. read more...

Prime Minister Emil Boc and Minister of Public Finance Gheorghe Ialomitianu on Tuesday decided to have a working group established, acting under the authority of the Minister, to work out the procedural mechanism for the taxation of undeclared incomes. read more...

Romania's unemployment rate grew slightly to 6.9% in the third quarter of 2010, from 6.8% in the previous quarter, the country’s statistics institute INS said Wednesday. read more...

Unemployment rate, calculated by the international labour office was 6.9% in the third quarter last year, a 0.1% increase compared to the similar period in 2009 when unemployment was 6.8%, Romania’s National Statistics Institute reads. read more...

Both Romania an Bulgaria need to continue their efforts to be prepared to join Schengen in March 2011 but Bulgaria will surely comply to all requirements and will be ready to join in March 2011, Bulgarian Foreign Affairs minister Nikolay Mladenov declared in an interview for Standart News. read more...

The NBR (National Bank of Romania) is today discussing the level of the key interest rate on RON-denominated loans, which has been left unchanged at 6.25% per year since May last year. read more...

The price of a litre of petrol surpassed the psychological threshold of 5 RON in most fuelling stations, after the price was once again raised by 4-6 bani (1 RON -100 bani) as of January 1st 2011 following the hike in excise duties. read more...