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IMF experts arrive in Romania to put a damper on credit growth
The trade deficit getting out of hand, worsened by massive imports financed by credits and the inflation inflammation, these are the biggest risks of the lending engines operating in full ge...
French Ambassador: Joining EU is not like going to Heaven
"There is a clear distinction between a formal integration and a successful integration in the European Union. Romania is said to join the EU in 2007, but this is not the end of the story. I...
PSD wants to rule by itself after 2004
PSD (Social Democrat Party) yesterday during its National Council launched a strong political offensive whose purpose is to gain the majority party position after the upcoming elections. PSD...
Statistics to include new living standards indices
The National Statistics Institute (INS) will introduce additional statistical indices by the end of the year, which will be used to measure the living standards of the people, the new chairm...
Banca tiriac planning to find buyer by yearend
The controlling interests in Banca tiriac might be sold to a strategic investor by yearend, president Anthony van der Heijden told Ziarul Financiar. This could be the deal of the year on the...
Romexterra to control Romaxa
Banca de Credit si Dezvoltare (Credit and Development Bank) - Romexterra will buy more than 30% in Targu Mures-based Romaxa and this way increase its interest in the brokerage company to ove...
CAS cut likely to range between 3-5%
The general consolidated budget of the State cannot bear a CAS (social security contributions) reduction by more than 3 percentage points next year, i.e. from 52% to 49%, Finance Ministry so...
National Bank cuts ROL appreciation forecasts down to 2%
Will we see a faster depreciation of the domestic currency against the 60% EUR/40% USD basket? Will inflation stop below 13-14%, the level forecast at the beginning of the year? Hard to say....
Investors, not tourists still going to the seaside this year
For many years, July, along with August, has been the month in highest demand from tourists wanting to go to the seaside. But only until this year. There never were so many seaside hotels cl...