English Section

ECONOMIST LUCIAN ISAR:"The 5 lei/Euro exchange rate will only occur after the presidential elections"

• Isar: "Starting today, the NBR will no longer draw liquidity from the interbank market, thus no longer being the competitor to the Ministry of Finance, like it has been for the last two years"

Up until after the presidential elections of November 2019, the exchange rate will be kept within a narrow fluctuation band, says economist Lucian Isar. "Young economists in the commercial banks are joking that the only reason the EUR/RON exchange rate hasn't reached 5 lei for an Euro is that since Governor Isărescu didn't know whether he would be elected again, didn't buy Euros out of his 2018 performance bonus.

The tax amnesty, dissimulated in the form of a financial restructuring

The Finance Ministry is preparing the tax amnesty for all companies in Romania, for all debts owed to the state budget until December 31st, 2018. The amnesty is dissimulated into a project where the ministry claims it is a financial restructuring which stipulates the erasing of up to half of the debts accrued or the gradual down payment, under certain circumstances.

Stepping forward proudly, on the path of folk tradition

The Romanian blouse, the "Ie", the independence cry of the countryside garment, arising out of countless wars found in the room of great grandfathers, is now conquering the world. First was white, then black, and then a rainbow of colors spread across the traditional shirt.

Variations on a classic subject for managed democracy

Next stop: vote of no confidence. One of the most significant moments of the parliamentary and especially parliamentary dynamic. Will the majority set up after the elections fall or not? Can another government be formed that receives the validation of a parliamentary majority? Will there be early elections? The answer to all these questions depends on the vote of the MPs.

Italian parliament wants to introduce a currency that is parallel to the Euro

THE TARGET2 PAYMENT SYSTEM, AN INESCAPABLE TRAP FOR BANKS IN THE EUROZONE?Italian parliament wants to introduce a currency that is parallel to the Euro

The Bundesbank warned that it might suffer great losses if a major country were to leave the Eurozone and stopped payments for debts based on the TARGET2 system.

How to start a business in Luxembourg

Luxembourg is a small country that manages to present numerous and important business advantages. It is conveniently located in the heart of Europe, with an attractive business and work environment and it has a highly skilled workforce. Investors...

The benefits of opening a company in Malta

Malta has pro-business and pro-foreign investment regimes that have helped it stand out as a preferred EU location for entrepreneurs and multinational corporations. Investors who open a company in Malta have a series of benefits, starting with a...

The advantages of starting a business in Romania as a foreign investor

Romania is a country with unmistakable natural beauty, a growing economy and a talented workforce that is strategically located to important markets because of its access to the Black Sea. There are several advantages of starting a business in...

"The national trade strategy does not answer Romania's current needs"

THE BURSA CONFERENCE - THE STRATEGY FOR ROMANIA'S DEVELOPMENT / ŞTEFAN-RADU OPREA, MINISTER FOR THE BUSINESS SECTOR, TRADE AND ENTREPRENEURSHIP:"The national trade strategy does not answer Romania's current needs"

We have a national trade strategy which is valid until 2020, but which does not answer Romania's current needs, says Ştefan Radu Oprea, minister in charge of the Business Sector, Trade and Entrepreneurship.

Dragnea in jail, the PSD on the brink of dissolution

The day after losing the elections, Dragnea has gone to jail.

"We are going down the wrong path, we need to follow another in order to develop the stock market"

THE "BURSA" CONFERENCE ON THE CAPITAL MARKET / MAKE, THE PRESIDENT OF THE BURSA PRESS GROUP:"We are going down the wrong path, we need to follow another in order to develop the stock market"

The Romanian stock market has started going off, 25 years ago, in the wrong development direction, and we can currently stop and go another way, Make, the president of the BURSA group said yesterday, in the opening of the eighth "BURSA"...

Central banks are driving the economy towards a global "zombification"

The risk of central banks leading the economy towards a period of stagnation is increasingly evident. Both the considerable drops in the growth estimates, as well as the expectations of the central banks concerning the GDP and inflation, as well...

China wants to invest half a billion Euros in smart city projects in Romania

Smart city type projects with potential for development in Romania are becoming increasingly attractive, with foreign businesspeople showing interest in investing in that kind of businesses.

THE COUNTRY REPORT OF THE EUROPEAN COMMISSION, EXTREMELY CRITICAL TOWARDS USRomania - in the category of countries with economic imbalances

• Eugen Teodorovici: "Everybody talks about a European family, but it's every man for himself"

Wall Street - a decade under the "bull sign"

Born from the ashes of the financial crisis of 2007 - 2008, the second largest bull market in history became ten years old on Saturday, as the current historic cycle represents the second biggest economic expansion in the history of the...

GHEORGHE PIPEREA:"In Romania, nobody cares about freelancers"

Romanian freelancers, a category which includes a number of economics specialists, are facing a number of difficulties in their activity and no one cares about them and their problems, lawyer Gheorghe Piperea says.

Wages - more money, more problems

The PSD did what everybody wants. It raised wages. We all want happy Romanians. If we could, we would raise employees' wages every day, in fact, we would do so hourly.

THE NIGHTMARE OF MINISTER TUDOREL TOADER TAKING SHAPEKovesi, a favorite for the position of chief prosecutor of the European Parliament

The saying goes that whatever doesn't kill you makes you stronger. That also applies to Laura Codruţa Kovesi, the former chief-prosecutor of the National Anticorruption Department, who has been dismissed for political reasons and in the...

"If the SRI stopped protecting Isărescu, the interest rates and the exchange rate would calm down right away"

• Interview with economist Lucian Isar

Reporter: We are in a very stormy period, both on the monetary market as well as on the currency market, which began at the end of last year, when the ROBOR-tied tax on bank assets was approved, and...

EU concert, in the winter of our discontent

Jean-Claude Juncker and the College of European Commissioner are in Bucharest since yesterday, where they are attending the festivities dedicated to the official takeover by Romania of the rotating presidency of the EU council.

The bidding war between the government and the opposition, staged by the de UDMR

The versatility of the UDMR is notorious, because we are talking about a political party which has always wanted to be in the government.

The UDMR has always negotiated its votes, with any party, whether right wing or left wing, based on three...

CRISTIAN PÂRVAN, PIAROM PRESIDENT:"The thinness of the economy cannot be hidden behind the numbers of the GDP"

• The estimated GDP for 2019 exceeds 1000 billion lei, Finance minister Eugen Teodorovici has announced on Tuesday

• Pârvan: "There are methods for increasing the GDP artificially, through the administered prices"

The thinness of the...

WE HAVE SCHEDULED DEFENSE SPENDING OF 9.3 BILLION EUROSArmament procurement offers benefits that the Government is refusing

After many years of the army getting ignored and budget allocations that seemed more like jokes, it took the White House demanding the splitting of the military bill, for the Romanian political decision makers to accept that the army needs equipment.