ISARESCU
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BNR Chief Says Domestic Demand Is Picking Up
Retail activity in Romania accelerated in the first quarter amid stronger domestic demand, particularly in the auto industry, central bank governor Mugur Isarescu said Thursday.
Romania Economy Ready To Stand On Its Own, Isarescu Says
Romania has made sufficient progress to sustain economic growth without further help from its international creditors, central bank governor Mugur Isarescu said Thursday.
Isarescu Says Leu’s Appreciation Not Supported By Fundamentals
Romania’s economic performance during the first months of the year wasn’t good enough to justify the recent strengthening of the leu against the euro, central bank governor Mugur Isarescu sa...
Isarescu Says Romania's Banking System Is Cleaning Up
Romanian central bank governor Mugur Isarescu Thursday said the banking system is cleaning up and the non-performing loans ratio, which reached 22.3% at the end of March, was assessed follow...
Isarescu: Divorce Of Banks And Companies Still Dominant
The latest March data show a rebound in lending, yet the rebound is not that strong, as the ‘divorce’ of banks and companies is still dominant.
Isarescu: Leu’s Appreciation Fueled By Higher Demand For Govt Bonds
Romanian central bank governor Mugur Isarescu said Tuesday the leu’s recent appreciation against the euro was fueled by higher demand for government bonds from foreign investors, as well as...
BNR: CEC To Send Full List Of New Managing Directors
Romania’s central bank is waiting to receive a complete list with the new managing directors of CEB Bank before it can authorize any changes in the latter’s management structure, central ban...
Isarescu: Political Consensus, Intermediary Steps Needed For Euro Adoption
Romanian central bank governor Mugur Isarescu Tuesday said joining the euro area by the government’s self-imposed deadline in 2019 is an ambitious goal, which cannot be accomplished without...
Isarescu: Romania Faces Manageable Economic Risks Over Russia-Ukraine Tensions
Romania faces “manageable economic risks” in the context of Russia-Ukraine tensions, due to the reduced exports to Russia and Ukraine, low dependence on Russian gas and no direct links betwe...