IFRS implemented with all Romanian banks as of next year
19 Apr 2011
Following a letter of intent signed by the Romanian authorities on 5 February 2010 and approved by the International Monetary Fund on 19 February 2010, the National Bank of Romania issued on 16 July 2010 Order No. 9 requiring all credit institutions in Romania to prepare all accounting records in accordance with International Financial Reporting Standards (IFRSs) starting 1 January 2012.
Please click for Order No. 9 on the National Bank of Romania's website (in Romanian) and our country page for Romania.