Reporter
Claudia Medrega
- Fields
- Banks-Insurance, Macroeconomics, Analysis
- Writing for ZF since
- 2011
- Articles
- 124
Can The Finance Ministry Keep Interest Spending Under Control?
The government’s interest spending, which has tripled in the last three years, will continue to rise, making it into an important risk factor for fiscal control. Payment obligations will inc...
Brussels Postpones Decisions, Tension Mounts, Romania Looks For Shield
European leaders failed to find a solution on Sunday and postponed all decisions for Wednesday. President Basescu’s statements upon his departure for Brussels create fears: the cost of Roman...
Way Out Of Recession As Seen By Foreign Investors
The Foreign Investors Council (FIC) proposes the return to a 19% VAT as a solution to revive consumption and economic growth, reducing social security contributions and increasing the absorp...
Romania Attracted Record Low FDI In August, Just EUR20M
Investors no longer have faith in the Romanian government policies since foreign direct investment amounted to merely EUR21 million in August, down 82.5% compared to the same period of last...
BNR Bought Foreign Debt Of EUR28B In January-August
Romanian central bank bought foreign treasuries worth 117.8 billion lei (EUR27.9 billion) in the first eight months, equal to roughly 76% of the overall international reserves.
Accountant: Crisis Will Peak In Romania In 2012
The peak of the financial and economic crisis will reach Romania in 2012. However, it is best to be aware of it beforehand and companies can shift focus and rethink their business, says Andr...
Good Industrial Output In August Set To Lift 3Q GDP Growth
Industrial output, one of the leading indicators in the economy, continued to increase in August, at a faster rate than in June and July, which is good news at a time of prevailing pessimism...
UniCredit: Romania’s Funding Needs To Leap By 34% Next Year
Romania’s funding needs will remain high next year, as UniCredit analysts estimate it will reach EUR22.4 billion, EUR5.7 billion (34%) higher than this year.
First Year Of Finance Minister Ialomitianu’s Term
Georghe Ialomitianu, 52, who has been Finance minister for a year, has remained a low-profile figure on the economic and political scene, but his name has been thrown around whenever a possi...
Romania Needs Additional Budget Cuts With Lower GDP Growth Forecast
Romania’s Finance Ministry is getting ready to redo next year’s budget draft after the International Monetary Fund has announced the halving of the economic growth forecast to about 2%, and...
Danila, BNR: Banks Need To Attract Long-Term Deposits, But Interest Gains Will Diminish
Over the economic boom period, lending was supported by funds attracted by Romanian banks from their foreign shareholders, but strategies have changed during the crisis and many groups are n...
BNR Promises To Adjust Monetary Policy "Gradually"
An easing of the monetary policy is yet to be seen despite inflation falling abruptly, because of doubts over external developments, capital flows and administrated and volatile prices.