Romania Might Delay Adoption Of Euro
Romania is rethinking its plans regarding the adoption of the euro in 2015. The main reason is linked to the country’s economy not considered healthy enough to meet the deadline. According to the...
View ArticleThe Economy Ministry Will Help Fund 70 Young Entrepreneurs
The Ministry of Economy, Trade and the Business Environment (MECMA), signed yesterday the first 70 contracts for non-reimbursable funding within the program to support young entrepreneurs via the...
View ArticleIMF: By 2016, China’s Economy Is To Surpass That Of The US
The International Monetary Fund (IMF) has predicted that the Chinese economy will surpass that of the US by 2016. The fund’s forecast is based on “purchasing power parities” and says China’s gross...
View ArticleBucharest Stock Market Growth Potential This Year Between 10 and 15 %
Erste-BCR analysts say that the Stock Exchange could grow by 10 to 15 % this year. Also, they say the potential calculated is based on the estimates on government credit, RON/EUR exchange rate and...
View ArticleEximBank’s Main Target – SMEs
Ionut Costea, President of EximBank declared that supporting the development of small and medium-sized enterprises (SMEs) is a strategic priority for EximBank this year. The bank has enough funds to...
View ArticleGhetea: In One Year And A Half, Lei And Euro Interest Rates Will Be Almost...
According to ARB president Radu Ghetea, interest rates for lei and Euro loans will get to almost the same level in the next 18 months. The lei loans will continue to become cheaper and foreign currency...
View ArticleMugur Isarescu: In 2009 Romania Came Close To A “Heart Attack”
Mugur Isarescu, the Governor of the Romanian central bank declared that in 2009 Romania was extremely close to a sudden stop, avoided because a move was made in time. Mugur Isarescu said Romania was...
View ArticleTraian Basescu will conclude new agreement with IMF
Romanian President Traian Basescu told a broadcast on a TV station on Sunday that he agreed to conclude a new agreement with the International Monetary Fund (IMF). “Yes, I am in favour of a new...
View ArticleMinimum Wage in Romania increased starting July
Starting July 1, the gross minimum wage in the economy raised from 750 to 800 lei. This decision increases proportionally the value of fine point for drivers from 75 to 80 lei. The gross minimum wage...
View ArticleTrade deficit could drop to 3-4 % of GDP this year – Vosganian
Economy Minister Varujan Vosganian stated on Tuesday that the trade deficit could drop to 3-4 % of GDP this year considering the evolution of exports and imports in the first months of the year....
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