MUGUR ISARESCU
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Isarescu Says Romania Must Tackle Fiscal Deficit And Current Account Deficit Problems In Coming Period
Romania is the only country in the European Union (EU) facing the excessive deficit procedure, therefore, it must carry out a fiscal adjustment process which is essential, the country's central bank governor, Mugur Isarescu, said on Friday (May 12) at the pres...
Romania Central Bank Cuts Inflation Forecast To 7% For End-2023 From 11.2% Previously
Romania's central bank revised downwards its inflation forecast for end-2023 to 7% from its previous December projection of 11.2%, central bank governor Mugur Isarescu said on Wednesday (Feb...
Two Members Of CFA Romania Association Join Central Bank Board Of Directors
Cristian Popa and Csaba Balint, holders of the CFA (Chartered Financial Analyst) certification and members of the Chartered Financial Analysts Association – Romania (CFA Romania), will be jo...
Central Bank Governor: Wages Should Go Up to Mitigate Workforce Drain
Wages in Romania should go up to mitigate the labor force drain, but in certain conditions and with complementary benefits, Romanian central bank governor Mugur Isarescu said Thursday.
Romania Not Threatened By Deflation, Central Bank Head Says
Romania’s economy is not threatened by deflation, despite expectations of a negative inflation rate over the next three quarters, as consumption is increasing while new wage increase may eve...
Romania Central Bank Keeps Key Rate Unchanged At 1.75%
The Romanian central bank Tuesday kept its main monetary policy lending rate unchanged at 1.75% per year in a widely expected move, as policymakers still expect the final version of the fisc...
Romania Central Bank Doesn’t Want More Rate Cuts
Romania’s central bank will try to refrain from cutting the monetary policy rate even if the inflation falls in negative territory, as the economy is expected to grow 4% this year and won’t...
Major Foreign Banks Cut Exposure To Romania By 20% In 5 Years
The foreign banks that participated in the Vienna Initiative and that hold around two thirds of the Romanian banking system's assets narrowed their exposure to local subsidiaries by 20% betw...
Isarescu: 20% Rise In Industrial Orders Points To Good Industry Output This Year
The significant increase in industrial output in Romania last year, of 8%, is not getting enough attention and the indicators of the first two months show the upward trend continues, said ce...