Romania's Finance Ministry on Thursday sold three-year foreign currency bonds worth EUR 1.3 billion, above the planned amount, at an average yield of 4.8 percent a year.

Romania has no reason to halt its external payments, said Mugur Isarescu (in picture), the Romanian Central Bank Governor, in response to the recent statement by International Monetary Fund head Dominique Strauss-Kahn. The IMF official recently said Romania, along with other countries, could face insolvency.

The average unemployment aid in Romania next year will be 10 percent lower than this year, down to EUR 111 from the current EUR 122, while unemployment aid for young graduates will be kept at EUR 70.

Romanian lender Banca Transilvania has postponed its plan to sell shares on the Vienna Stock Exchange until next year because of legal problems with shareholder SIF Banat- Crisana, Chief Executive Officer Robert C. Rekkers said, quoted by Bloomberg

Dominique Strauss-Kahn (in picture), the head of the International Monetary Fund, has recently said in a TV interview that Romania and several other European states are on the brink of disaster, but that he didn't believe in bankruptcy. He mentioned Greece, Ireland, Latvia, Hungary and Romania.

*The Government approved unitary salary law: 15% increase of the base salary every year – in Ziarul Financiar
*IMF and Fiscal Council criticize the income tax drop from 16 to 10% – in Ziarul Financiar
*Ovidiu Buluc, HelpNet: Four out of ten pharmacies are making losses – in Ziarul Financiar
*Alpha made EUR 10 million gross profit in the third quarter, up 23% – in Ziarul Financiar

Jeffrey Franks (in picture, right), the head of the International Monetary Fund (IMF) mission to Romania, has asked for the recently voted flat tax drop to 10 percent not be enforced in Romania, as it is raising several concerns and as it had not bee discussed with the new Fiscal Council.

Romanian private lending fell 1.1 percent in real terms to EUR 48.3 billion in October from the previous month, according to data from the Romanian Central Bank (BNR). Private lending in Romanian lei was down 1.1 percent on the month in October, while loans in foreign currency fell 0.5 percent.

Romania could invest EUR 30 billion in the energy sector by 2020, with the main source of financing for the investments being the Bucharest Stock Exchange, said Varujan Vosganian, president of the Economy, Industries and Services commission in the Senate, who attended the Energy Forum 2010.

Romanian central bank governor Mugur Isarescu Wednesday defended local creditors, saying the lenders only attracted external financing to respond to consumer over borrowing.

Romania's Finance Ministry on Thursday sold three-year foreign currency bonds worth EUR 1.3 billion, above the planned amount, at an average yield of 4.8 percent a year.

Romania has no reason to halt its external payments, said Mugur Isarescu (in picture), the Romanian Central Bank Governor, in response to the recent statement by International Monetary Fund head Dominique Strauss-Kahn. The IMF official recently said Romania, along with other countries, could face insolvency.

The average unemployment aid in Romania next year will be 10 percent lower than this year, down to EUR 111 from the current EUR 122, while unemployment aid for young graduates will be kept at EUR 70.

Romanian lender Banca Transilvania has postponed its plan to sell shares on the Vienna Stock Exchange until next year because of legal problems with shareholder SIF Banat- Crisana, Chief Executive Officer Robert C. Rekkers said, quoted by Bloomberg

Dominique Strauss-Kahn (in picture), the head of the International Monetary Fund, has recently said in a TV interview that Romania and several other European states are on the brink of disaster, but that he didn't believe in bankruptcy. He mentioned Greece, Ireland, Latvia, Hungary and Romania.

*The Government approved unitary salary law: 15% increase of the base salary every year – in Ziarul Financiar
*IMF and Fiscal Council criticize the income tax drop from 16 to 10% – in Ziarul Financiar
*Ovidiu Buluc, HelpNet: Four out of ten pharmacies are making losses – in Ziarul Financiar
*Alpha made EUR 10 million gross profit in the third quarter, up 23% – in Ziarul Financiar

Jeffrey Franks (in picture, right), the head of the International Monetary Fund (IMF) mission to Romania, has asked for the recently voted flat tax drop to 10 percent not be enforced in Romania, as it is raising several concerns and as it had not bee discussed with the new Fiscal Council.

Romanian private lending fell 1.1 percent in real terms to EUR 48.3 billion in October from the previous month, according to data from the Romanian Central Bank (BNR). Private lending in Romanian lei was down 1.1 percent on the month in October, while loans in foreign currency fell 0.5 percent.

Romania could invest EUR 30 billion in the energy sector by 2020, with the main source of financing for the investments being the Bucharest Stock Exchange, said Varujan Vosganian, president of the Economy, Industries and Services commission in the Senate, who attended the Energy Forum 2010.

Romanian central bank governor Mugur Isarescu Wednesday defended local creditors, saying the lenders only attracted external financing to respond to consumer over borrowing.