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Romanian cenbank says Greek "No" could trigger market volatility

Monday, July 6, 2015

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A "No" vote in the Greek referendum could trigger some volatility on Romanian markets but would not cause major concern in the short term, central bank spokesman Dan Suciu said, quoted by Reuters. "Obviously, there will be some volatility in the market," Suciu told state television TVR1 in response to a preliminary vote count indicating a "No" vote. "Such an outcome would not trigger big concern on the short ...

Romania wants to sign the agreement with the US to combat terrorism,technical criterion for Visa Waiver

Monday, July 6, 2015

The interim premier Gabriel Oprea states in a message sent on the occasion of the National Day of the US that he hopes to sign an agreement Romania – the US to combat terrorism and criminality, technical criterion for the inclusion of Romania in the Visa Waiver programme. The Visa Waiver programme allows citizens in the countries included in the programme to travel without a visa in the US for a period of 90 days, being open for the citizens of ...

Moody's: Average growth rate of around 3pct in the next few years for Romania

Monday, July 6, 2015

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Moody's Investors Service expects improved competitiveness, reduced domestic macro-economic imbalances, and an ongoing recovery in employment and domestic consumption will result in an average growth rate of around 3 per cent in the next few years for Romania. In a press statement on Friday, Moody's also says fiscal policy will remain impervious to recent ...

The AXA group stop selling operations of Romania

Monday, July 6, 2015

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The contract for the selling of AXA Life Insurance Romania insurance operations to Certinvest and SIF Transilvania announced on 18 December 2014 stopped and the insurance company evaluates at present strategic operations, taking into consideration the interest of the clients and the employees in Romania,announced on Friday the company in a press release. The AXA bonds are listed in the section A of the Stock Exchange Euronext of Paris, under the symbol ...

Government to facilitate the access of domestic shareholding companies to a state aid scheme

Monday, July 6, 2015

Public Finance Minister Eugen Teodorovici told a press conference in Bistrita on Friday that this month a Government resolution will come into view, facilitating the access of domestic shareholding companies to a state aid scheme, with the minimum funding cap going to be lowered from 10 million euros to 3 million ...

Romanians allocated last year 4.5pct of their expenses to recreation and culture

Monday, July 6, 2015

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Romanians allocated last year 4.5pct of their expenses to recreation and culture, especially theatre, where 2.157 million spectators (34.6pct) were recorded, 107,000 (4.7pct) less than in 2013, reveal data released by the National Statistics Institute (INS).The ...

Why Romania is a good destination for investments

Monday, July 6, 2015

The costs with work force in Bucharest - the most expensive local city from the point of view of salaries – are almost 20% lower than those in Warsaw (Poland), Bratislava (Slovakia) and 15% lower those in Prague (the Czech Republic) which makes Romania one of the best destinations for investment, shows an analysis made by the consultancy company in management Hay Group Romania. ‘We are a wonderful country from the point of view of the ...

Press Release of the Board of the National Bank of Romania

Monday, July 6, 2015

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In its meeting of July 1 2015, the Board of the National Bank of Romania decided the following: to keep unchanged the monetary policy rate at 1.75 percent per annum; to pursue an adequate liquidity management in the banking system; to maintain the present levels of the minimum ...

Isarescu: Exchange rate fluctuations in last days caused by emotions, not major transactions

Monday, July 6, 2015

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The leu-to-euro exchange rate has been seeing accentuated fluctuations in the last days, at around 1 percent, amid the tensions in Greece, but they were not prompted by major transactions or capital outflows, they were rather caused by emotions, the National Bank of Romania's Governor Mugur Isarescu said on Wednesday. "We see a relative accentuation of the ...

Government approved two draft laws referring to the deposit guarantee schemes

Monday, July 6, 2015

 The Government on Wednesday approved two draft laws transposing into the Romanian legislation the EU provisions referring to the deposit guarantee schemes. "The main novelty elements brought by the draft law on the ...

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