Analysis
Over 700,000 Romanians Have Past Due Debts With Banks Totaling RON7 Bln
Past due payments on individual loans exceeded the 7 billion lei (EUR1.6 billion) mark in September, rising 42% in the past year. The volume of overdue household loans tripled against Septem...
What Romanians Buy When They Go Shopping
Carbonated soft drinks, mineral water and roasted coffee are the products that account for the highest share in Romanians’ food basket, in terms of value and not in terms of consumer basket...
The Truth About The Government’s New Investments: They Were Down 60% In H1
The long-awaited new investments financed and accepted as completed by the government in the first half of this year, which should have given the economy a boost, actually dropped by almost...
Life Insurance Policies Worth A Record RON233M Canceled In 1H
Tens of thousands of clients have continued to cancel life insurance policies this year, with the value of policies redeemed early climbing 20% in the first six months, to 233 million lei (E...
Businesspeople To Government: Keep Investments Going And Cut Spending On Police And Military
Lower spending on public sector employees and especially on those in the police and military, along with continued investments in upgrading the state apparatus should be priorities on the ag...
Businesspeople Teach Government How To Build 2012 Budget
The Government needs to cut the number of public sector employees, continue investments but not in the unprofitable state-owned companies, and ensure transparency of spending by putting peop...
Tourist Arrivals Up 18.7% On Year In September
Tourist arrivals in Romania rose 18.7% in September from the year-earlier month, while overnight accommodations were up 8.8% on the year, the statistics institute INS said Friday.
Romania Has Twice As Many Expensive Cars As It Does High-Earning Taxpayers
Greece’s tax evasion, blamed by the whole of Europe as a source of the Greek government’s excessive indebtedness, has been shown by the Athens press to be reflected in the fact that the numb...
Analysts React To BNR's Rate Cut Decision: Too Little, Too Late
The central bank’s decision to cut its main interest rate by a quarter-point to 6% comes rather late and its effects on bank lending might pass unnoticed, analysts said.