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ISARESCU

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Isarescu: Housing Banks Help Burst The Mortgage Bubble
Banks-Insurance

Isarescu: Housing Banks Help Burst The Mortgage Bubble

Romania’s subsidized housing program, along housing banks have helped deflate the small bubble in the mortgage market, while bringing more stability to the system, central bank governor Mugu...

Florentina Dragu · 27.10.2011 · 13:11 · 1 min
Isarescu Says Long Maturities On Consumer Loans Pointless
Banks-Insurance

Isarescu Says Long Maturities On Consumer Loans Pointless

Romanian central bank governor Mugur Isarescu Wednesday said the bank’s new regulations to limit the maturity of consumer loans should be interpreted as a “return to normalcy,” because matur...

Florentina Dragu · 05.10.2011 · 17:43 · 1 min
Isarescu: I’m Not Against Lower Social Security Taxes
Banks-Insurance

Isarescu: I’m Not Against Lower Social Security Taxes

Romanian labor market is too burdened and cutting the social security taxes, while a risky measure, would be a most welcome solution to stimulate economic growth, central bank governor Mugur...

Florentina Dragu · 05.10.2011 · 15:16 · 1 min
Isarescu: Inflation Within Central Bank's Target Range In September
Macroeconomics

Isarescu: Inflation Within Central Bank's Target Range In September

Romanian inflation has eased to below 4% in September, falling within the central bank’s target of 2%-4%, governor Mugur Isarescu said Wednesday.

Florentina Dragu · 05.10.2011 · 14:29 · 1 min
Isarescu: Romania To Revise 2012 GDP Forecast On Exports Slowdown
Macroeconomics

Isarescu: Romania To Revise 2012 GDP Forecast On Exports Slowdown

Romania is set to revise its economic growth forecast for 2012, as exports are expected to advance at a slower pace than in 2011, central bank governor Mugur Isarescu said Tuesday.

Florentina Dragu · 04.10.2011 · 16:22 · 1 min
Isarescu Says Lower Taxes May Block Public Investments
Banks-Insurance

Isarescu Says Lower Taxes May Block Public Investments

Lowering the taxes or the social security contributions seems like a simple enough solution to unburden the business environment, but the measure would be short-lived and would only limit th...

Florentina Dragu · 04.10.2011 · 12:55 · 1 min
Banks-Insurance

Economic Growth Needs Stable Prices – Central Bank Governor

Central bank governor Mugur Isarescu on Monday said that growth cannot be achieved merely by using more money, and economic growth requires stable prices.

Andrei Cîrchelan · 05.09.2011 · 19:19 · 1 min
BNR Sets Up Committee On Gold Reserve
Banks-Insurance

BNR Sets Up Committee On Gold Reserve

The Romanian central bank will set up a working committee to analyze the structure of the country’s future gold reserves, the bank’s chief Mugur Isarescu said Monday.

Florentina Dragu · 05.09.2011 · 16:15 · 1 min
Banks-Insurance

Isarescu: BNR Won’t Mimic Hungary’s Response To Stronger Swiss Franc

Romanian central bank is not looking to impose Hungary-like measures on Swiss franc lending, despite rising interest rates, central bank’s governor Mugur Isarescu said Monday.

Florentina Dragu · 08.08.2011 · 15:23 · 1 min