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Isarescu's Central Bank Salary Totaled RON1M in 2016
Banks-Insurance

Isarescu's Central Bank Salary Totaled RON1M in 2016

Central bank governor Mugur Isarescu had a net income of RON1 million in 2016, the equivalent of around RON84,385 a month (EUR18,700/month), 12% lower than the previous year, according to hi...

Oana Gavrila · 21.07.2017 · 11:17 · 1 min
Macroeconomics

Romania Posts Current Account Deficit of EUR1.969B in Jan-May

Romania's current account balance posted a deficit of EUR1.969 billion in January-May, compared with a deficit of EUR1.714 billion in the same period the year before, central bank data showe...

Oana Gavrila · 14.07.2017 · 13:03 · 1 min
Analysis

Central Bank Minutes: Retailers Internalized Inflationary Pressures

The presence of large retailers helped ease inflationary pressures, while uncertainties over new fiscal and wage measures spur inflation on, the minute of the central bank's monetary policy...

Oana Gavrila · 10.07.2017 · 16:38 · 1 min
Isarescu: Inflation, Key Rate Will Rise Inevitably
Banks-Insurance

Isarescu: Inflation, Key Rate Will Rise Inevitably

The central bank will not raise its benchmark interest rate unless inflation rises, which is inevitable, central bank governor Mugur Isarescu said Tuesday at the ZF Bankers Summit conference...

Oana Gavrila · 04.07.2017 · 11:03 · 1 min
Romania Central Bank Keeps Key Rate at 1.75% All-Time Low
Banks-Insurance

Romania Central Bank Keeps Key Rate at 1.75% All-Time Low

Romania's central bank on Monday left its benchmark interest rate unchanged at a record low 1.75% a year, a level unchanged since May 2015, the bank said in a statement.

Oana Gavrila · 03.07.2017 · 15:42 · 2 min
Romania Forex Reserves at EUR35.2B End-June
Banks-Insurance

Romania Forex Reserves at EUR35.2B End-June

Romania's foreign exchange reserves stood at EUR35.2 billion at the end of June, from EUR35.48 billion at the end of May, the central bank said in a statement Monday.

Oana Gavrila · 03.07.2017 · 14:00 · 1 min
Romania Private Lending Up 0.7% on Month in May
Banks-Insurance

Romania Private Lending Up 0.7% on Month in May

Romanian private lending grew 0.7% (0.4% in real terms) in May compared with April, to RON224.78 billion, central bank data showed Monday.

Oana Gavrila · 26.06.2017 · 12:13 · 1 min
EIB, Central Bank Survey: Political, Regulatory Climates Hamper Investment
Banks-Insurance

EIB, Central Bank Survey: Political, Regulatory Climates Hamper Investment

Political and regulatory climate is the main short-term barrier to implementing investment and productivity levels are well below the EU average, a survey presented Wednesday by the Romanian...

Oana Gavrila · 21.06.2017 · 14:37 · 2 min
Isarescu Urges Bankers to Finance Businesses
Banks-Insurance

Isarescu Urges Bankers to Finance Businesses

The central bank has identified 12,200 companies that are profitable and may be credited but funding barely trickles from the financial market, governor Mugur Isarescu said Wednesday, urging...

Oana Gavrila · 21.06.2017 · 12:34 · 1 min