ISARESCU
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Law On Debt Discharge Creates Confusion Which Should No Longer Be Maintained - Isarescu
The law on debt discharge has been presented as a social law, a law of justice or an economic law, triggering the confusion of the society, which should no longer be maintained, central bank...
Isarescu: There Will Be No Negative Interest Rates In Romania
Romania is getting capital inflows, which will only boost liquidity in the banking system even further, causing interest rates to drop. However, Romania’s central bank governor Mugur Isaresc...
Isarescu: Romania Faces Internal Risks, Due To Electoral Year, But They Are Unlikely To Materialize
Central bank governor Mugur Isarescu on Friday said Romania is marred by internal uncertainties regarding the fiscal and salary policy, as well as structural reforms, considering that 2016 i...
Central Bank Governor Says Pay Raises Inevitable In Romania, But Urges Caution
Central bank governor Mugur Isarescu on Thursday said salary increases are inevitable in Romania, in the context of its European integration, but their "concubinage" with tax cuts should hav...
Isarescu: Bill On Giving In Payment Must Protect Mortgage Loan Holders Alone
Romanian central bank governor Mugur Isarescu said Thursday that when re-examining the bill on giving in payment, the Parliament ought to consider the recommendations of the European Central...
Isarescu: Leu May Remain Stable If Romania Avoids Domestic Imbalances
There are conditions for the Romanian leu to remain stable versus the euro this year as well if the country avoids domestic macroeconomic imbalances, which could aggravate the impact of exte...
Isarescu: New Tax Code Is Inapplicable, Sending It Back To Parliament Was The Right Thing To Do
Romanian central bank governor Mugur Isarescu on Friday said the new Tax Code is inapplicable due to the impact the planned tax cuts would have on the country’s gross domestic product and sa...
Isarescu: It Would Be Wrong To Opt for Measures With Temporary Consequences
The future mission of economic policies is keeping the macroeconomic balance reestablished after the crisis; thus it would be wrong to ignore the lessons of the crisis and give way to the te...
Isarescu: Greek Banks’ Romanian Units Are Not Dependent On Parent Banks
Greek banks’ Romanian units are not dependent on parent banks and the financing lines coming from parent banks account for 27.5% of total liabilities, Romanian central bank governor Mugur Is...