RESERVES
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Banks-Insurance
BNR Promises To Adjust Monetary Policy "Gradually"
An easing of the monetary policy is yet to be seen despite inflation falling abruptly, because of doubts over external developments, capital flows and administrated and volatile prices.
Banks-Insurance
Entrepreneurs Believe BNR Will Cut Key Rate This Time
Businesspeople continue to expect a signal from the central bank (BNR) to boost the economy by encouraging lending, after a year and a half during which the key rate has been frozen at 6.25%...
Energy
Romania To Lend Coal, Fuel Oil From Reserves To Power Producers
The government will take 1.18 million tons of coal and 134,524 tons of fuel oil form the state reserve, to supply 16 thermal power producers during the winter.
Energy
Romania Faces EU Infringement On Oil Reserve Gaps
Romania has until December 31 to build its minimum required reserves of crude and oil products for this year, as well as covering last year’s reserve deficit, otherwise the European Commissi...