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Banks-Insurance

Romania Private Lending Falls To RON221B In October

Romanian private lending fell 1.2% in real terms to 221.02 billion lei (EUR49.72 billion) in October, from RON223.1 billion a month earlier, central bank data showed Tuesday.

Florentina Dragu · 26.11.2013 · 12:30 · 1 min
Romania Must Rely On Foreign Investment To Speed Up Growth - Central Banker
Macroeconomics

Romania Must Rely On Foreign Investment To Speed Up Growth - Central Banker

Romania must to rely on foreign investment to speed up economic growth and narrow the gap with the EU average, as domestic investment is insufficient for a swift recovery, a central bank off...

Florentina Dragu · 18.11.2013 · 14:35 · 1 min
BNR: Romania's Current Account Deficit Shrinks To EUR595M In First Nine Months
Macroeconomics

BNR: Romania's Current Account Deficit Shrinks To EUR595M In First Nine Months

Romania's current account balance posted a deficit of EUR595 million in the first nine months, sharply narrower from a gap of EUR4.8 billion in the year-ago period, central bank data showed...

Florentina Dragu · 12.11.2013 · 15:46 · 1 min
Romania FDI Falls 10% On Year To EUR1.5B In January-September
Macroeconomics

Romania FDI Falls 10% On Year To EUR1.5B In January-September

Romanian foreign direct investment, or FDI, fell 9.9% on the year to around EUR1.5 billion in the January-September period, the central bank said Tuesday.

Florentina Dragu · 12.11.2013 · 15:45 · 1 min
BNR: 2013 Inflation Forecast Revised Down To 1.8%
Banks-Insurance

BNR: 2013 Inflation Forecast Revised Down To 1.8%

Romania’s central bank revised downwards its 2013 inflation forecast to 1.8% from 3.1% previously, citing lower prices of volatile products, central bank governor Mugur Isarescu said Thursda...

Florentina Dragu · 07.11.2013 · 11:50 · 1 min
BNR Cuts Key Rate By 25 Bps To Record Low Of 4%
Banks-Insurance

BNR Cuts Key Rate By 25 Bps To Record Low Of 4%

Romania’s central bank Tuesday lowered its main monetary policy rate by 25 basis points to a new all-time low of 4% a year, in line with market expectations.

Florentina Dragu · 05.11.2013 · 16:15 · 1 min
Losses Of Commercial Banks And Central Bank Strongly Affect Romania’s Budget Revenues
Banks-Insurance

Losses Of Commercial Banks And Central Bank Strongly Affect Romania’s Budget Revenues

The Romanian state collected only 15.7 million lei from banks in the first nine months of this year as earnings tax (tax on profit), 18 times less than in the similar period of 2012, and cen...

Oana Gavrila · 05.11.2013 · 08:33 · 2 min
Romania Forex Reserves Rise To EUR34.56B In October
Banks-Insurance

Romania Forex Reserves Rise To EUR34.56B In October

Romanian foreign exchange reserves rose to EUR34.56 billion in October, from EUR33.08 billion a month earlier, central bank data showed Friday.

Florentina Dragu · 01.11.2013 · 14:46 · 1 min
Analysts: Romania Central Bank To Cut Key Rate To 4% Tuesday
Banks-Insurance

Analysts: Romania Central Bank To Cut Key Rate To 4% Tuesday

Romanian analysts estimate the central bank will cut its monetary policy rate by a quarter of a point to 4% at the upcoming meeting November 5, a survey from the Association of Romanian Fina...

Florentina Dragu · 01.11.2013 · 14:02 · 1 min