Romania has pledged to make changes to the Emergency Ordinance 50/2010 in order to receive the sixth tranche of the loan from the International Monetary Fund (IMF), although local authorities have denied it in the past.

The price of gas went up by 30 percent in Romania last year, according to the National Union of Transporters in the country. The price of gas in Romania, without taxes, is higher than in other European countries without own resources and without maritime access. Taxes- excises and VAT- make up for around 45 percent of the price of gas in Romania.

Private healthcare services operator Centrul Medical Unirea (CMU) has taken three loans from Raiffeisen Bank totaling EUR 18.32 million, to expand its network with a hospital and three clinics. Some of the amount will also be used to new equipments and for hiring medical staff.

The World Bank will discuss on its January 20 Management Council meeting whether to grant Romania a second development policies loan, worth some EUR 300 million.

A&D Pharma Holdings, the Dutch holding company that owns the largest integrated pharmaceutical wholesale, marketing and sales, and retail business in Romania, has signed a new EUR 150 million loan agreement arranged by Erste Group Bank AG, Banca Comerciala Romana S.A. and UniCredit Tiriac Bank S.A.

Romania would last only two quarters with the money it currently holds, if it were to cancel the agreement with the International Monetary Fund and the European Commission on account of a political crisis, according to the Bank of America-Merrill Lynch analysts, quoted by The Money Channel.

Insurer BCR Asigurari Vienna Insurance Group (VIG) posted a volume of gross subscribed premiums last year similarly to the previous year and hopes for a slight increase for 2011.

The Romanian currency Leu's appreciation in 2011 could be supported by the stock exchange listing of Fondul Proprietatea and by a new cautionary agreement with the International Monetary Fund, according to an analysis by X-Trade Brokers. Last year, the Ley depreciated by 8 percent against the US Dollar, the second biggest depreciation after the Hungarian Forint. The Leu was quite stable against the Euro last year, with only a 1.02 percent depreciation.

Agreements worth EUR 10 billion, most of them on EU money, have been already signed for the infrastructure works, including speedways building due to be finished across Romania in 2011, Romanian Prime Minister Emil Boc has said.

The Romanian authorities’ plan to collect taxes on high wealth will target about 1-2 percent of contributors, Finance Minister Gheorghe Ialomitianu has said. He added that fiscal authority ANAF will set up several departments tasked with checking wealthy individuals.

Romania has pledged to make changes to the Emergency Ordinance 50/2010 in order to receive the sixth tranche of the loan from the International Monetary Fund (IMF), although local authorities have denied it in the past.

The price of gas went up by 30 percent in Romania last year, according to the National Union of Transporters in the country. The price of gas in Romania, without taxes, is higher than in other European countries without own resources and without maritime access. Taxes- excises and VAT- make up for around 45 percent of the price of gas in Romania.

Private healthcare services operator Centrul Medical Unirea (CMU) has taken three loans from Raiffeisen Bank totaling EUR 18.32 million, to expand its network with a hospital and three clinics. Some of the amount will also be used to new equipments and for hiring medical staff.

The World Bank will discuss on its January 20 Management Council meeting whether to grant Romania a second development policies loan, worth some EUR 300 million.

A&D Pharma Holdings, the Dutch holding company that owns the largest integrated pharmaceutical wholesale, marketing and sales, and retail business in Romania, has signed a new EUR 150 million loan agreement arranged by Erste Group Bank AG, Banca Comerciala Romana S.A. and UniCredit Tiriac Bank S.A.

Romania would last only two quarters with the money it currently holds, if it were to cancel the agreement with the International Monetary Fund and the European Commission on account of a political crisis, according to the Bank of America-Merrill Lynch analysts, quoted by The Money Channel.

Insurer BCR Asigurari Vienna Insurance Group (VIG) posted a volume of gross subscribed premiums last year similarly to the previous year and hopes for a slight increase for 2011.

The Romanian currency Leu's appreciation in 2011 could be supported by the stock exchange listing of Fondul Proprietatea and by a new cautionary agreement with the International Monetary Fund, according to an analysis by X-Trade Brokers. Last year, the Ley depreciated by 8 percent against the US Dollar, the second biggest depreciation after the Hungarian Forint. The Leu was quite stable against the Euro last year, with only a 1.02 percent depreciation.

Agreements worth EUR 10 billion, most of them on EU money, have been already signed for the infrastructure works, including speedways building due to be finished across Romania in 2011, Romanian Prime Minister Emil Boc has said.

The Romanian authorities’ plan to collect taxes on high wealth will target about 1-2 percent of contributors, Finance Minister Gheorghe Ialomitianu has said. He added that fiscal authority ANAF will set up several departments tasked with checking wealthy individuals.