The Romanian American Chamber of Commerce

"Basescu is probably attracted by the 'Putin model' in Russia: the creation of a political movement which dwarfs all others and ensures that he continues to rule behind the scenes", an analysis published on March 8 2010 by prestigious British think-tank Oxford Analytica indicates. According to the OXAN study, entitled "ROMANIA: Political games distract minds from economy", which starts with the attempt to replace Mircea Geoana from the Senate's leadership, Traian Basescu has a clear objective: "the creation of a political system in which the president is the only important player", but his plan might have little chances due to political volatility, the British analysis believe. 

Romania's current account of the payments balance dropped by 73.2% in January against the same time last year, amounting to 123 billion euros, according to Romania's National Bank (BNR) data. The current account deficit was 459 in January 2009.

IKEA Romania has become part of the Swedish group IKEA starting with March 8, after local franchise owners decided to sell its operating rights and the store's franchise in Bucharest, a company's communiqué shows. IKEA store from Bucharest, whose red tape was cut in Mach 2007, has been operated until recently through a franchise system by the Moaro Trading company, on the basis of an agreement with Inter IKEA Systems.

Romania risks ending up in Greece’s situation on a medium and long terming, should the state not resume reforms, believes Romanian PM Emil Boc. "I can say it very loud and clear: Romania cannot afford the luxury to stop the reforms it has already begun: the salary law, the pensions law, the national education law, decentralisation and others".

Fitch Ratings awarded BB+ to the Eurobonds issue that expires every five years, worth of one billion euros. It was launched on Thursday evening, March 11, by the Romanian state, a financial evaluation agency report shows. This rating is similar to that Romania received for long term foreign currency debt.