ISARESCU
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BNR Governor Sees No Immediate Policy Tightening
Romanian central bank governor Mugur Isarescu said Wednesday that the weak domestic demand is prompting the bank to keep a prudent stance regarding a possible tighter monetary policy, despit...
Isarescu: Without EU Funds, Romania's GDP Growth May Slow Down Further
Romania’s economic growth could slow to a stop in 2013 unless steps are taken to speed up European fund absorption, central bank governor Mugur Isarescu said Wednesday.
Isarescu: Group Investigated In Fraud Case Emerged From Outside The Bank System
Investigations run by Romanian organized crime prosecutors in the EUR22 million bank fraud case target no more than 0.08% of the bank system, not 80%, as reported in the media, central bank...
Isarescu Talks About Keeping Exchange Rate Steady
The limiting of weekly repo auctions conducted by Romania's central bank is a faster and more efficient method of action than modifying the monetary policy interest rate, and has a major imp...
BNR: IMF Deal Not Endangered By Negative Outcome Of Oltchim Sale
A potentially failed privatization of Romania’s financially-troubled chemical company Oltchim (OLT.RO), while sending a negative signals to investors, would not endanger the country’s agreem...
Isarescu: Romania Should Join The New Banking Union
The European Commission’s proposal to set up a single supervisory mechanism for the eurozone banking system represents an inevitable process and Romania should be part of the new banking uni...
Isarescu: BNR Was Excessively Benevolent To Foreign-Held Banks
Romanian central bank governor Mugur Isarescu admitted on Tuesday that the central bank only saw the positive side of the lending boom during the years of high growth and had an “excessively...
Isarescu: Political Feud Weights On Leu, Will Soon Affect Financing Costs
Mugur Isarescu, governor of Romanian central bank BNR, on Monday warned politicians that Romania would not only be penalized through the depreciation of the leu for the unending scandal, but...
Isarescu Says Mistrust In Romania’s Ability To Absorb EU Funds Is Dangerous
Romanian central bank governor Mugur Isarescu Monday said the governments’ failure to absorb European Union funds caused a “defeatism” towards the country’s ability to draw such funds, which...