CROITORU
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Romania Needs More Efficient Spending, Rather Than More Taxes, BNR Official Says
Romania needs to improve the management of its public expenditure to stimulate economic recovery rather than impose new taxes, which can only slow down the growth rate, a central bank official said Thursday.
Croitoru, BNR: Raising Public Wages To Boost Consumption
Raising Romanian public sector wages, directly or by reducing social security contributions, will prove beneficial, as it will support consumption, but only if the Government finds financial...
Croitoru, BNR: Europe’s Bailout Fund May Not Be Large Enough
The market has plenty to chew on now that the EU leaders have announced a new set of measures to tackle the lingering sovereign debt crisis, but there might be some concern over the efficien...
BNR's Croitoru: Romania May See Crawling Growth For Long Time In Absence Of Foreign Capital
Romania’s economy might crawl for a very long time, with GDP growth of 1%-3%, since its evolution greatly depends on the exterior, and capital inflows aren’t what they used to be, Tuesday sa...
Croitoru, BNR: Romania Should Put Debt Cap In Constitution
Romania must balance its fiscal policy better and put a constitutional cap on the public debt, a central bank official said Tuesday.
Croitoru, BNR: Banks Highly Selective In Lending To State-Owned Companies
State-owned companies behave themselves when it comes to paying back bank loans, with overdue loans accounting for merely 0.1% of the total. This, however, is because the banks impose strict...
Croitoru, BNR: Capital Inflows To Turn Focus On Monetary Policy Rate
Higher foreign capital inflows in Romania will likely bring back focus on the key interest rate, but the central bank might have to divert attention to competitiveness from inflation targeti...