Romanian media

Bad news from Romania hurt forint, Romania market is too small – in Ziarul Financiar

Euro up to new all time highs, NBR won’t intervene – in Ziarul Financiar

Budget deficit climbs by another 1bn euros in May, to 3.1% of GDP – in Ziarul Financiar

Reduced VAT rates of 9% and 5% remain unmodified – in Ziarul Financiar

Romtelecom tailors voice and Internet offer for renewed consumption decline – in Ziarul Financiar

10 largest consumer goods firms: The crisis, visible in halved profits – in Ziarul Financiar

Who has blown up the exchange rate. How much can BNR keep RON alive – in Gandul

Romanians buy even five times more euros than on a regular day – in Adevarul

The second wave of dismissals in the private sector – in Evenimentul Zilei

Fiscal Code modifications, published in the Official Gazette. From July 1st-VAT of 24 percent, 20 percent deductible expenses on intellectual rights contracts, meal vouchers taxed 16 percent – on Hotnews.ro

Retailers: The VAT increase triggers the increase in tax evasion, especially for food products – on Dailybusiness.ro

Top ten countries based on bankruptcy risk. Romania goes back into top – on Wall-street.ro

International media

Spanish banks rage at end of ECB offer - in the Financial Times

Siemens plans to set up bank - in the Financial Times

Swiss franc hits fresh record against euro - in the Financial Times

Apple Sells 1.7 Million iPhone 4s in Opening Weekend - in Wired News

Swatch Group Founder And Chairman Nicolas Hayek Dies - in the Wall Street Journal

Elevation Said to Buy Additional $120 Million Stake in Facebook - in BusinessWeek