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The government in Budapest hopes to raise 15-20 billion Euros through a 3-4 year loan agreement with the International Monetary Fund and the European Union, which could be used as a solution of last resort, if the country's economy stagnates.

The tense situation on a European level has succeeded in getting the domestic party in power and the opposition to sit down at the same table.

According to analysts consulted by BURSA, the likelihood of meeting the schedule for the privatization of minority stakes in several state owned companies, which was agreed with the International Monetary Fund, are minimal, according to the...

The chain increases in the price of natural gas for non-household consumers over the last six months, compounded by the rise in price of electricity to occur next year, will affect Romania's industry, said Cristian Pârvan, the secretary...

The rebuilding of the financial stability of Europe's economy was approached from the wrong end, by trying to deal with the effects rather than the causes of the crisis which was brought about by the vortex caused by unshackling of the...

Romania's joining of the fiscal pact, concluded by the European leaders at the summit which was held in Brussels at the end of last week, will have a favorable effect on the economy, and will result in more disciplined macroeconomic policies,...

Romania is currently consolidating its exit from recession, Adrian Vasilescu, advisor to the governor of the Romanian National Bank (NBR) said at the EU-COFILE seminar held yesterday, hosted in Sinaia by the NBR, the Romanian Banking Association...

Switching to the International Financial Reporting Standards (IFRS), in 2012, will not result in unhealthy lending, but the Romanian National Bank (BNR) has established prudential filters that would prevent the artificial increase of banks'...

The summit of European leaders in Brussels, scheduled to take place between December 8th and December 9th, whose main topic is the French-German proposal of a fiscal union intended to set tighter rules for the national budgets, is causes...

The events that the Euro crisis is feeding on are becoming increasingly strange lately.

În cadrul vizitei sale de astăzi la Bucureşti, directorul FBI, Robert Mueller, s-a întâlnit cu preşedintele Traian Băsescu, procurorul general, Laura Codruţa Kovesi, Ioan Dascălu, secretar de stat, şef al Departamentului ordine şi siguranţă...

In the month of December, nothing is greater than people's appetite for shopping. This is proven by concrete figures.

Romania will be allowed to export pork meat to the European Union (EU), starting with January 1st, 2012, Valeriu Tabără, the Romanian minister of Agriculture.

The Euro yesterday depreciated on the international market, after Standard & Poor's warned it might downgrade 15 words in the Eurozone, as well as the rating of bonds of the European Financial Stability Fund (EFSF).

The maximum AAA rating of the European Financial Stability Fund (EFSF) was placed on watch by ratings firm S&P yesterday, with a view for a downgrade, after making a similar decision on the 15 states of the Eurozone.

Next year, everything will depend heavily on our rate of absorption of European funds, said Lucian Anghel, the chief-economist of the Romanian Commercial Bank (BCR), as turnover in retail fell 4% after the first ten months of the year (gross...

The worsening of the sovereign debt crisis in the Eurozone could result in increasing investors' aversion to all markets, including emerging ones, Cristian Popa, the deputy governor of the National Bank of Romania, at a seminar concerning...

A number of five banks yesterday attracted 2.38 billion lei yesterday (546 million Euros) from the National Bank of Romania (NBR), with a maturity of one week, at the policy rate of 6% p. a..

South African real estate investment fund "New Europe Property Investments" (symbol:NEP) yesterday announced it raised 40 million Euros from its shareholders, successfully concluding the guaranteed rights offering, according to a press...

Cutting expenditures to a minimum is the main wish of the Boc government, at least judging by their statements.

Foreign banks will not leave the Romanian banking system, as a result of the financial turbulences and of the international political tensions.

Next year, we may see bankruptcies or bank nationalizations next year, given the messages sent by Governor Mugur Isărescu, as well as by the president Traian Băsescu, concerning the possible risk of parent banks withholding financing of their...

We are on the verge of panic on the financial market of the Eurozone, says economist Ionel Blănculescu, who has proposed a European level project, for the management of sovereign debt.

Romania wants its relationship with the Russian Federation to be founded on pragmatic foundations which should take into account both the international profile and the interests of each country, Romanian president Traian Băsescu said yesterday,...

There can be no discussion of manipulation of the stock market when it comes to the statements on the raising or the keeping intact of the threshold in the SIFs made by the MPs in the sessions of the Parliament, Gabriela Anghelache, the chairman...

The possibility of Greece, France and Italy limiting lending to their subsidiaries of Eastern Europe, as mentioned in a report by financial agency "Moody's", is a purely intellectual speculation game, because those countries did not...

Nitroporos Făgăraş, a company owned by the InterAgro group of billionaire Ioan Niculae, last month laid off 81 of the 615 employees.

Brokerage firms that wish to intermediate the listing of "Romgaz" Mediaş on the BSE, have until December 29th to submit their bids, according to an announcement by the Ministry of the Economy.

Since the sovereign debt crisis, Europe has been frequently compared to the Titanic.

• The dismantling of the European Union can no longer be ruled out 

The chemical plant of Oltchim Râmnicu-Vâlcea announced that it will keep 1,000 employees in technical unemployment in December as well. Over the last four months, a similar number of employees have been on furlough, due to lack of raw materials...

The shareholders of Prefab Bucharest, specializing in the production of construction materials, have approved the borrowing of up to 20 million Euros in order to support the company's production program and its investment plan for the...

The European currency yesterday reached this year's highest level, after passing the threshold of 4.36 lei last week.

Reporter: What is the goal of this program "of mentors of female entrepreneurship"?

The nominal value of derivatives reached a historic high of 707.5 trillion dollars, at the end of the first half of the year, according to data sent by financial institutions to the Bank of International Settlements, according to website...

The name of prince Charles has begun to be mentioned together with that of Romania with an increasing frequency, and there is plenty of speculation that he may become an alternative for the domestic political scene.

SIF Muntenia (SIF4) received a package of 0.67% of the shares of Erste Bank (EBS) in exchange for its 3% stake in the Romanian Commercial Bank (BCR), according to the terms of the contribution in kind agreement.

Reporter: Mr. Chairman, will the financial turbulences create problems in Romania, and cause parent banks to pull money from their Romanian subsidiaries?

Romania shouldn't have to pay for the "greed" of the banking system, which made huge profits, president Traian Băsescu said yesterday, at the conference "Analyzing Romania's future economic potential", organized by...