Social/Politics
Isarescu Hopes For Cheaper Loans As Of September
Romanian central bank governor Mugur Isarescu Monday expressed hope that the lower monetary policy rate will translate into cheaper loans for local consumers as early as September.
BNR Cuts Key Rate By 50 Bps To New Low Of 4.5%
Romania’s central bank Monday lowered its main monetary policy rate for the second straight meeting by 50 basis points to a record low of 4.5% a year, exceeding expectations of a 25 bps cut.
New Passenger Vehicle Registrations In Romania Rose 17.8% In 1H To Almost 131,000 Units
New passenger vehicle registrations in Romania rose 17.8% in the first half of 2013 and new commercial vehicle sales inched up 0.1% compared with the similar interval a year ago, the country...
BNR: Romania Forex Reserves Rise To EUR33.35B In July
Romanian foreign exchange reserves rose to EUR33.35 billion in July, from EUR32.3 billion a month earlier, central bank data showed Thursday.
Tourist Arrivals In Romania Up 3.4% On Year In June
Arrivals at Romanian tourism accommodation establishments rose 3.4% in June from the year-earlier month, while overnight staying increased 3.8% on the year, data from the statistics institut...
Spectacular Leap In EU Fund Absorption: EUR700M Refunded In July, Almost As Much As In 1H
Romania’s EU fund absorption rate leapt spectacularly in July, when the country attracted over EUR700 million. The amount is almost similar to refunds attracted by Romania in the first six m...
Hidroelectrica Files Charges Against Alpiq And Energy Holding
Romanian state-owned hydropower producer Hidroelectrica has started legal proceedings against energy traders Alpiq Romindustries and Energy Holding claiming “several hundred million lei” for...
IMF: Potential Changes To Romania’s Tax Code Should Come In Bulk Packages
Romania should consider a package of tax measures rather than single-oriented actions if it wants to amend its tax laws, so that the overall impact on the system may be assessed thoroughly,...
IMF: Romania’s Planned Norms On Abusive Loan Clauses Could Undermine Financial Stability
Romania’s planned amendments to the Civil Procedure Code allowing consumers to denounce in court potentially abusive clauses introduced by service providers, including banks, should be balan...