Macroeconomics
Banks Want Longer Maturities On Bonds, Transparency From The New Treasury Head
Longer maturities on government bonds, a clear bond issuing calendar for the whole year, as well as sticking to the amounts in the issuing prospectus are the main recommendations of analysts...
OMV Petrom Is A Driver For Romania's Economy - CEO
OMV Petrom (SNP.RO) is a pillar of stability and a trustworthy partner for Romania's economy, especially when it comes to the taxes paid, energy supply to consumers and investment, chief exe...
EU Approves RON1.2B State Aid For Coal Mine Closures In Romania
The European Commission has authorized 1.17 billion lei (around EUR270 million) of Romanian public funding for the closure of three uncompetitive coal mining units owned by the country’s har...
Ungureanu Pledges To IMF, EU To Continue Previous Government’s Reforms
Romanian Prime Minister Mihai Razvan Ungureanu on Wednesday assured officials of the International Monetary Fund and the European Commission the new Cabinet will continue the reforms pledged...
Deutsche Bank: European Bank Deleveraging, Long-Term Threat For Romania
The European bank deleveraging in Romania and the escalation of the sovereign debt crisis are the external risks Romania will continue to face, warn the analysts of Deutsche Bank, the larges...
Leonard Orban: I Am Not The Minister Of EU Funds, My Mandate Is Limited
Put in charge of the newly-created Ministry of European Affairs with the declared purpose of attracting more European money, five months on Leondard Orban stresses the limits of his mandate:...
Romanian Banks' External Debt Stood At EUR23B In 2011
Bank external debt at the end of 2011 was at a level comparable to that at the end of 2010. Long-term debt decreased by around EUR300 million, but short-term debt climbed significantly. This...
Ungureanu Government To Present A Blank Sheet Of Paper To IMF And EU
The new Government has not so far issued opinions on the performance of the economy or on concrete measures to support the economy, after the negative signals of the past few months. The Gov...
Romania Wants To Exempt Tour Operators From VAT Payment For Bringing In Foreign Tourists
Romanian Regional Development and Tourism Minister Cristian Petrescu said he plans to propose exempting tour operators from paying VAT if they bring in foreign tourists, hoping the measure w...