The Western part of Romania will see heavy raining, thunderstorms and hailstorms this week-end. The National Meteorological Administration (ANM) has issued a yellow warning code starting Saturday, July 24 at 15,00 hours and ending on Sunday, July 25, 10,00 hours

The International Monetary Fund and the European Commission have agreed with the first nine foreign banks in Romania over an exposure rate of 95 percent of the level in March 2009. IMF, Eu and banks' representatives met yesterday in Brussels, together with Romanian Central Bank (BNR) and Finance Ministry representatives from Romania.

Foreign direct investments in Romania went down in May this year by 31.5 percent compared to the same month of 2009, according to the Foreign Investments Direction within the Romanian Center for the Promotion of Trade and Investments. It had been worse at the beginning of the year, when the FDI drop was of 73 percent, but investments increased during March, where the drop was of only 48 percent.

The Medieval Festival in Sighisoara, which started on Friday, July 23, and will last until Sunday, July 25, will host the first reunion in Romania of 13 Knight orders from the country and abroad. The event is organized under the slogan “Return of the Knights”.

Romanian media, New round of talks with IMF starts from 0.5% GDP decline scenario in 2011 – in Ziarul Financiar, Romanian shops no longer give fiscal receipts to make food cheaper– in Ziarul Financiar, iFond brings FP shares to the Stock Exchange sooner – in Ziarul Financiar, Four banks have 33 million euros to recoup from insolvent Impact – in Ziarul Financiar, 100 wind project have contracts with Transelectrica – in Ziarul Financiar,

Automobile Dacia, Nokia Romania, Rompetrol Rafinare, ArcelorMittal Galati and OMV Petrom were the main exporters from Romania in the first four months of the year, when Romanian exports found a way our of recession, according to data from the National Association of Exporters and Importers (ANEIR).

This is a story written by Steven van Groningen on his personal blog. A story about non-performing loans, Romanian accounting standards and the country's risk premium. A must-read story written by a banker in Romania.

Consumer credit company Provident Financial Romania granted in the first half of this year loans worth more than EUR 42 million, up from 30 million EUR at the end of June 2009. The company had at the end of June 2010 over 187,000 customers, up from 120,000 customers in June 2009. Its revenues went up to nearly 30 million EUR from 17.5 million EUR in the first half of 2009.

Romania ranks second in terms of the hourly workforce cost increase among the newest ten EU member states, shows a recent report from the World Bank. The recently issued report on economic development in EU 10 (the countries which joined the EU in 2004 and 2007) shows most of the countries have simplified the procedures to access EU funds, monitor and manage these funds, while Romania has taken measures only on the implementation of these funds.

Take shelter for the storm in Bucharest during the following hours hours – especially in the North and the West of the city, where a storm warning has been released. Meteorologists expect hailstorms and thunderstorms in the capital city.

The Western part of Romania will see heavy raining, thunderstorms and hailstorms this week-end. The National Meteorological Administration (ANM) has issued a yellow warning code starting Saturday, July 24 at 15,00 hours and ending on Sunday, July 25, 10,00 hours

The International Monetary Fund and the European Commission have agreed with the first nine foreign banks in Romania over an exposure rate of 95 percent of the level in March 2009. IMF, Eu and banks' representatives met yesterday in Brussels, together with Romanian Central Bank (BNR) and Finance Ministry representatives from Romania.

Foreign direct investments in Romania went down in May this year by 31.5 percent compared to the same month of 2009, according to the Foreign Investments Direction within the Romanian Center for the Promotion of Trade and Investments. It had been worse at the beginning of the year, when the FDI drop was of 73 percent, but investments increased during March, where the drop was of only 48 percent.

The Medieval Festival in Sighisoara, which started on Friday, July 23, and will last until Sunday, July 25, will host the first reunion in Romania of 13 Knight orders from the country and abroad. The event is organized under the slogan “Return of the Knights”.

Romanian media, New round of talks with IMF starts from 0.5% GDP decline scenario in 2011 – in Ziarul Financiar, Romanian shops no longer give fiscal receipts to make food cheaper– in Ziarul Financiar, iFond brings FP shares to the Stock Exchange sooner – in Ziarul Financiar, Four banks have 33 million euros to recoup from insolvent Impact – in Ziarul Financiar, 100 wind project have contracts with Transelectrica – in Ziarul Financiar,

Automobile Dacia, Nokia Romania, Rompetrol Rafinare, ArcelorMittal Galati and OMV Petrom were the main exporters from Romania in the first four months of the year, when Romanian exports found a way our of recession, according to data from the National Association of Exporters and Importers (ANEIR).

This is a story written by Steven van Groningen on his personal blog. A story about non-performing loans, Romanian accounting standards and the country's risk premium. A must-read story written by a banker in Romania.

Consumer credit company Provident Financial Romania granted in the first half of this year loans worth more than EUR 42 million, up from 30 million EUR at the end of June 2009. The company had at the end of June 2010 over 187,000 customers, up from 120,000 customers in June 2009. Its revenues went up to nearly 30 million EUR from 17.5 million EUR in the first half of 2009.

Romania ranks second in terms of the hourly workforce cost increase among the newest ten EU member states, shows a recent report from the World Bank. The recently issued report on economic development in EU 10 (the countries which joined the EU in 2004 and 2007) shows most of the countries have simplified the procedures to access EU funds, monitor and manage these funds, while Romania has taken measures only on the implementation of these funds.

Take shelter for the storm in Bucharest during the following hours hours – especially in the North and the West of the city, where a storm warning has been released. Meteorologists expect hailstorms and thunderstorms in the capital city.