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Romania Posts Current Account Surplus of EUR216M in January
Macroeconomics

Romania Posts Current Account Surplus of EUR216M in January

Romania's current account balance posted a surplus of EUR216 million in January compared with a surplus of EUR258 million in January 2017, central bank data showed Friday.

Oana Gavrila · 16.03.2018 · 12:32 · 1 min
Romania Central Bank Denies Clarence to OTP Bank's Banca Romaneasca Acquisition
Banks-Insurance

Romania Central Bank Denies Clarence to OTP Bank's Banca Romaneasca Acquisition

Romania's central bank has decided not to approve Hungarian group OTP's bid to buy lender Banca Romaneasca from National Bank of Greece (NBG).

Oana Gavrila · 15.03.2018 · 09:09 · 1 min
Romania Forex Reserves Grow to EUR35.073B in February
Banks-Insurance

Romania Forex Reserves Grow to EUR35.073B in February

Romania's foreign exchange reserves grew to EUR35.073 billion end-February from EUR33.498 billion at the end of January, central bank data showed Thursday.

Oana Gavrila · 01.03.2018 · 13:32 · 1 min
Romania Private Lending Grows 0.2% on Month in January
Banks-Insurance

Romania Private Lending Grows 0.2% on Month in January

Romanian private lending grew 0.2% (declined 0.6% in real terms) in January compared with December, to RON232.76 billion, central bank data showed Friday.

Oana Gavrila · 23.02.2018 · 13:31 · 1 min
Unicredit Analysts Expect Central Bank To Operate Three New Key Rate Increases
Macroeconomics

Unicredit Analysts Expect Central Bank To Operate Three New Key Rate Increases

Romania’s economy kept growing strongly in the last quarter of 2017, by 6.9% year-on-year, despite a slowdown in its growth rate, from 8.8% in the third quarter of 2017. The growth rate for...

Ecaterina Craciun · 20.02.2018 · 15:12 · 1 min
Central Bank Raises Inflation Forecast to 5% in 1H, 3.5% at Year-End
Banks-Insurance

Central Bank Raises Inflation Forecast to 5% in 1H, 3.5% at Year-End

Romania's central bank has revised its inflation forecast upwards to 5% from 3.9% for the first two quarters of the year and to 3.5% for the end of the year, from a previous projection of 3....

Oana Gavrila · 09.02.2018 · 12:20 · 1 min
Romania Central Bank Revises Inflation Upwards in Short Run
Banks-Insurance

Romania Central Bank Revises Inflation Upwards in Short Run

Romania's central bank on Wednesday approved its February 2018 Inflation Report, revising its annual inflation forecast upwards in the short run, the bank said in a statement.

Oana Gavrila · 07.02.2018 · 16:17 · 1 min
Romania Central Bank Raises Key Rate to 2.25%
Banks-Insurance

Romania Central Bank Raises Key Rate to 2.25%

Romania's central bank on Wednesday raised its benchmark interest rate by a quarter-point, to 2.25% a year, after a quarter-point raise in January.

Oana Gavrila · 07.02.2018 · 13:40 · 1 min
Romania Central Bank Urges Banks To Resist Involvement in Virtual Currency Trading
Banks-Insurance

Romania Central Bank Urges Banks To Resist Involvement in Virtual Currency Trading

Romania's central bank on Tuesday issued a statement saying it discourages lending institutions from any involvement in trading virtual currencies or providing services to entities trading v...

Oana Gavrila · 06.02.2018 · 14:16 · 1 min