Romania Will Guarantee Loans For Building Façade Repairs
According to a draft act drawn up by the Tourism and Regional Development Ministry, the Romanian state will subsidize the interest and guarantee the loans taken out by homeowners for building façade...
View ArticleRompetrol: Hike In Gasoline And Diesel Prices
On Wednesday, Rompetrol Downstream increased the price of gasoline by 2 ban / liter and that of diesel by 7 ban / liter. Thus, Efix 95 and Alto 101 gasoline costs 5.07 lei / liter, and 5.74 lei /...
View ArticlePetrom Posted 520 Million Euros Profit
In the second year of recession the biggest company in Romania posted a 2.5 times higher net profit than in 2009. And it is all thanks to fuel becoming more expensive, although fuel demand fell 5%....
View ArticleSurvey: Bucharest Inhabitants Richer Than The Rest Of The Romanians
The data gathered by Eurostat shows that Bucharest inhabitants have a three times higher average GDP per capita and purchasing power than the rest of the inhabitants. The report was published on 24...
View ArticleBanks Slash Interest, Resume Competition For Consumer Loans In EUR
Banks resumed the competition for consumer loans in EUR aimed at the population. According to data released by BNR, banks slashed annual effective interests (DAE) for this type of credits by 1.88 % in...
View ArticleCampaigners Battle For Historic Bucharest Buildings
Activists trying to save historic buildings in Bucharest from being bulldozed in a road project massed outside the Culture Ministry and handed in a petition on Wednesday to demand their preservation....
View ArticleJanuary Exports: 3.4bn Euros
According to data from the National Statistics Institute (INS), Romania’s trade deficit fell 60% in January against the first month of last year. Figures registered stood at 186.2 million euros, as a...
View ArticleIMF: Economy Should Advance In 2011 And 2012 by 1.5% and 4.4%
According to financial institution estimates, by the end of the year, the inflation will reach 4 %. According to the International Monetary Fund’s (IMF) World Economic Outlook (WEO) – the April 2011...
View ArticleRomania’s Inflation To Drop In December By 3.6 % – Moody’s
For the fifth consecutive year, Romania will miss its inflation target this year as well. According to the central bank, the annual inflation rate would be higher than forecasted. The deepening deficit...
View ArticleRomanian Budget Grows In April 2011
According to the Finance Ministry, in April, Romania’s consolidated budget posted a surplus of 829 million lei (EUR200.1 million). Meanwhile, the budget deficit for the first four months of 2011...
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