Financial

Romanian Finance Minister, Eugen Teodorovici,
declared recently that the country will start negotiations on a new deal to be signed with
the International Monetary Fund by the end of this year. The focus of the negotiations will purportedly be
on the implementation of structural reforms, and not budgetary deficit issues,
Reuters reports. ...more »

Romania's OMV Petrom gas and oil group
got approval from its shareholders to be listed on the London Stock
Exchange (LSE).
The company will issue GDRs (global
depository receipts) for this secondary listing. Its Executive Board
has the mandate to carry this on until December 31st 2016....more »

Dentons Bucharest office has advised the International
Investment Bank in connection with a new
project in Romania. The project envisaged a €15
million loan granted to the manufacturer of electrical wirings -
Romcab Targu-Mureș.The credit facility
will be used for financing the company’s work activities,
especially the acquisition of raw materials....more »

National Bank of Romania' s Chief
Economist, Valentin Lazea purportedly noted that the country's
macroeconomic situation is a good one and this particular stability
needs to be maintained....more »

Bucharest City Hall has borrowed 2.2 billion RON through a bond issue listed on the Bucharest Stock Exchange in the largest bond issue ever in Romania started by a municipality....more »

President Klaus Johannis will organize
consultations with political parties to identify a national political
consensus on Romania's accession to the euro area in order to ensure
a smooth process in the adoption of the euro.
...more »

The European Commission has slightly revised its estimates of Romania's economic growth in 2015 to 2.8 per cent, from 2.7 per cent, as estimated in February, according to the Commission's Spring 2015 Economic Forecast. 'Economic growth in Romania is forecast to remain robust in 2015 and 2016, driven by strong private consumption and recovering investment. ...more »

The consolidated general budget ended Q1 2015 with a significantly higher surplus, 4.9 billion lei, 0.7% of GDP respectively, compared to a surplus of 2.3 billion lei, 0.33% of GDP respectively, in the first two months of this year, according to the data released by the Ministry of Public Finance.
...more »

Romania’s exports and imports rose between January and February 28, 2015, with exports recording a faster growth: 3.6 percent year-on-year, whilst imports advanced by 3.3 percent. ...more »

The Romanian Financial Supervisory Authority (FSA) has approved eventually the Regulation regarding the listing on foreign EU markets through the depositary interests of shares listed in Romania, after the first unsuccessful attempt in November 2014. ...more »