Social/Politics
Romanians Spend EUR15B On Loan Repayment, Fuel, Electricity And Heating
Loan installments are the second biggest expense of Romanians after gas. The fear of losing their jobs and becoming unable to pay future bills will make them save the money left from the res...
Romanian Deputy PM Resigns -PNL President
Liberal Party president Crin Antonescu announced Thursday that deputy Prime Minister and Finance Minister Daniel Chitoiu decided to resign from the government.
Romania’s EU Fund Absorption Rate Up 0.16% To 33.63% In January
Romania’s absorption rate on European structural and cohesion funds reached 33.63% at the end of January 2014, up 0.16% from 33.47% in December, according to the Ministry of European Funds.
Holiday Bonuses Boost Wages In December
Romanian average net salary rose 6.7% to 1,760 lei (EUR370.3) in December, from RON1,650 a month earlier, largely boosted by one-time bonuses, the statistics institute INS said Thursday.
Turkish Businesses Invested $5B In Romania - President
Turkish businesses invested $5 billion in the Romanian economy and Romania hopes the amount will double, Romanian President Traian Basescu said Wednesday in Ankara, during a press conference...
Romania Central Bank Cuts Key Rate By 25 Bps To 3.5%
Romania’s central bank Tuesday lowered its main monetary policy rate by a quarter of a point to a fresh all-time low of 3.5% a year, in line with market expectations.
Banks To Collect An Additional EUR100M In Fees If Law Capping Cash Payments Passes
Banks will stand to gain an additional EUR80 million to EUR100 million in fees from people buying homes or from retailers of furniture, cars and other items that cost more than 10,000 lei (a...
Fitch Affirms City Of Bucharest At 'BBB-'; With Stable Outlook
Fitch Ratings on Friday affirmed the main ratings of Romania's capital city Bucharest at 'BBB-', with a stable outlook, reflecting a sound budgetary performance but also a large refinancing...
Romanian Authorities Should Consider Interchange Fee Cut Outcome – Visa
Romanian authorities should consider all consequences of a “drastic and sudden” cut in the interchange fees for card payments, to avoid the negative impact on the investments in payment tech...