The International Monetary Fund board has approved the fifth loan installment for Romania on Friday and the EUR 900 million should reach the Romanian Central Bank (BNR) most likely on Monday, July 5, or Tuesday the latest, according to Mediafax newswire.

Romania's foreign currency reserves, deposited at the Romanian Central Bank (BNR) dropped by EUR 362 million in June, reaching EUR 31.98 billion, according to data from BNR. This is the second time in a row when BNR's forex reserves drop. In June EUR 792 million entered Central bank's coffers and EUR 1.15 billion of the reserve came out.

Romanian media: Pension budget runs 1bn-euro deficit after five months – in Ziarul Financiar, Bankers raise deposit interest rates to keep clients – in Ziarul Financiar,
NBR's forex reserve down in June for second month in a row – in Ziarul Financiar, 3,900 Romanians go to Greece on holiday weekly – in Ziarul Financiar, Just 5% of Romanians living in cities want to take out a loan – in Ziarul Financiar

The Romanian Central Bank (BNR) has kept the key interest rate at 6.25 percent, which is the minimum so far in Romania, as most analysts had forecasted. BNR has also kept the minimum mandatory reserves to RON passives at 15 percent, at at 25 percent for foreign currencies.

Foreign investors have expressed their concerns on the adoption and implementation of measures which impact the business environment and called for the involvement of the private sector in the decision-making process related to the economic sector, according to the Romanian American Chamber of Commerce (AmCham).

Romanian media Finance Ministry trying to borrow over 4 billion RON – in Ziarul Financiar, LIDL opens first construction sites and gets ready to create web of discount stores – in Ziarul Financiar, Foreign investors: We are disappointed by the Government's decision – in Ziarul Financiar, Cristescu brothers take Faur to Africa– in Ziarul Financiar, Decathlon signs with Immoeast and opens 3,200-sqm store in Cluj – in Ziarul Financiar

The printed media in Romania has seen fallen readership during the 12 months ending in April this year, shows a recent National Readership Study (SNA).
Among the few publications which managed to increase their readership reach during this period were tabloid, Click, with an increase of 4.2 percent, daily Financiarul, with 1.9 percent, Marie Claire glossy magazine, with 4.5 percent, Gazeta Sporturilor, the Sunday edition, with 4.1 percent.

Yahoo! Will offer call center support services for its products in nine languages, among which Romanian in a new call center set up in Cairo, according to the company. The call center will be run by IBM. Support in Romania will be added in later phase, after securing services in Arab, French, German, Italian and Spanish. Romanian, Turkish, Polish and Russian will be added later on.

Local heath care operator MedLife has acquired a Brasov based clinic for a price exceeding EUR 3 million, the company has announced. MedLife has bought an 80 percent package in Policlinca de Diagnostic Rapid in Brasov, one of the biggest private health care operator in the city. The Brasov clinic brings to the network a clinic and two laboratories with a staff of 200. the local clinic posted a turnover of EUR 3 million in 2009.

Romanians have started to buy provisions at lower prices just before the VAT increase, which has left many supermarkets and hypermarkets without stocks for certain production, like oil, sugar and other basic food items. Store like discounter Profi have seen their sale go up by 20 to 30 percent in the last couple of days, compared to the average sales before the VAT hike announcement.

The International Monetary Fund board has approved the fifth loan installment for Romania on Friday and the EUR 900 million should reach the Romanian Central Bank (BNR) most likely on Monday, July 5, or Tuesday the latest, according to Mediafax newswire.

Romania's foreign currency reserves, deposited at the Romanian Central Bank (BNR) dropped by EUR 362 million in June, reaching EUR 31.98 billion, according to data from BNR. This is the second time in a row when BNR's forex reserves drop. In June EUR 792 million entered Central bank's coffers and EUR 1.15 billion of the reserve came out.

Romanian media: Pension budget runs 1bn-euro deficit after five months – in Ziarul Financiar, Bankers raise deposit interest rates to keep clients – in Ziarul Financiar,
NBR's forex reserve down in June for second month in a row – in Ziarul Financiar, 3,900 Romanians go to Greece on holiday weekly – in Ziarul Financiar, Just 5% of Romanians living in cities want to take out a loan – in Ziarul Financiar

The Romanian Central Bank (BNR) has kept the key interest rate at 6.25 percent, which is the minimum so far in Romania, as most analysts had forecasted. BNR has also kept the minimum mandatory reserves to RON passives at 15 percent, at at 25 percent for foreign currencies.

Foreign investors have expressed their concerns on the adoption and implementation of measures which impact the business environment and called for the involvement of the private sector in the decision-making process related to the economic sector, according to the Romanian American Chamber of Commerce (AmCham).

Romanian media Finance Ministry trying to borrow over 4 billion RON – in Ziarul Financiar, LIDL opens first construction sites and gets ready to create web of discount stores – in Ziarul Financiar, Foreign investors: We are disappointed by the Government's decision – in Ziarul Financiar, Cristescu brothers take Faur to Africa– in Ziarul Financiar, Decathlon signs with Immoeast and opens 3,200-sqm store in Cluj – in Ziarul Financiar

The printed media in Romania has seen fallen readership during the 12 months ending in April this year, shows a recent National Readership Study (SNA).
Among the few publications which managed to increase their readership reach during this period were tabloid, Click, with an increase of 4.2 percent, daily Financiarul, with 1.9 percent, Marie Claire glossy magazine, with 4.5 percent, Gazeta Sporturilor, the Sunday edition, with 4.1 percent.

Yahoo! Will offer call center support services for its products in nine languages, among which Romanian in a new call center set up in Cairo, according to the company. The call center will be run by IBM. Support in Romania will be added in later phase, after securing services in Arab, French, German, Italian and Spanish. Romanian, Turkish, Polish and Russian will be added later on.

Local heath care operator MedLife has acquired a Brasov based clinic for a price exceeding EUR 3 million, the company has announced. MedLife has bought an 80 percent package in Policlinca de Diagnostic Rapid in Brasov, one of the biggest private health care operator in the city. The Brasov clinic brings to the network a clinic and two laboratories with a staff of 200. the local clinic posted a turnover of EUR 3 million in 2009.

Romanians have started to buy provisions at lower prices just before the VAT increase, which has left many supermarkets and hypermarkets without stocks for certain production, like oil, sugar and other basic food items. Store like discounter Profi have seen their sale go up by 20 to 30 percent in the last couple of days, compared to the average sales before the VAT hike announcement.