Banks-Insurance
Ponta Says Romania Informed IMF Of Decision To Change VAT Legislation
Romanian Prime Minister Victor Ponta on Monday said the Government has informed the International Monetary Fund of its intention to allow VAT payments upon cashing in invoices for companies...
Ponta: IMF Team Puts Off Visit To Romania Until After Referendum
The joint delegation of the International Monetary Fund, the European Commission and the World Bank postponed its visit to Romania for the sixth review of a EUR3.5 billion precautionary agre...
Wave Of Foreign Capital Outflows Hits Romania: Over EUR2B Gone In May
Over EUR2 billion left Romania in May, in a major wave of foreign capital withdrawals from the local market, which promptly reflected in a depreciation of the leu by 1.5% against the euro.
Over One Third Of Romanian Key EU-Funded Projects Saw Little Progress In 1H
Over one third of the EU-funded projects the Romanian Government regarded as a priority have advanced at a very slow pace in the first half of the year, and in most cases works advanced by l...
Government Deems Recent EC Comments Regarding EU Fund Absorption “General Approach”
The recent remarks by the European Commission regarding Romania’s EU fund absorption plan represent only a “general approach” to the matter, the Romanian Government said in a statement Satur...
EC: Romania’s EU Fund Absorption Plan Failed, Authorities Refuse Assistance
European Commission officials told the Romanian ambassador to the EU that Romania’s plan targeting to increase the country’s European fund absorption rate has failed and authorities refuse a...
Central Bank Governor Reluctant To Comment On Political Situation
Mugur Isarescu, the governor of the National Bank of Romania (BNR), on Thursday was very reluctant to comment the situation on the local political scene, which is keeping the leu under press...
Isarescu: Romania Needs More Investments
Romanian central bank governor Mugur Isarescu Thursday said the economy needs more investments to fuel growth and stepping up European fund absorption is one way to attract the necessary cap...
Isarescu Concerned Over High Yields On Forex Deposits
Romania’s central bank Thursday voiced concerns that commercial lenders might not be able to offer high yields on foreign currency deposits without taking losses in the medium term.