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BNR: Debt Discharge Law, CHF Conversion Law Trigger Lower Risks For Romania's Financial Stability
The debt discharge law and the law regarding the conversion of foreign currency loans into Romanian lei trigger lower risks for the country’s financial stability, deputy central bank governo...
Romania Forex Reserves Slightly Up In November, To EUR34.38B
Romania's foreign exchange reserves rose slightly to EUR34.38 billion at the end of November 2016, from EUR34.34 billion at the end of October, the central bank said in a statement Friday.
Adrian Vasilescu, BNR: “The Crisis Is Not Over Yet, Romania Is Still In Transition”
The financial crisis, which started “with a recession” in 2008-2009, is not over yet although the Romanian economy “grows at fastest pace in Europe”, as the country is still in transition, s...
Vasilescu (BNR): Wage Hikes For Health, Education Staff Could Take Romania Back To 2008
The salary increases for the health and education staff recently approved by the Parliament’s labor and budget committees could take Romania back to 2008, when the Parliament gave with one h...
Currency In Circulation Flat At RON51.7B In September - Central Bank
The cash in circulation remained steady at RON51.7 billion (EUR11.7 billion) in September 2016, which was the second consecutive month without an increase, according to central bank data.
BNR: Romania's Economy Boosted By Higher Income And Investments, Lower Taxes
Economic growth was mainly supported by consumer demand, boosted by higher household income and fiscal measures, according to the minutes of the monetary policy meeting of the National Bank...
Financial, Real Estate, Trade Sectors Attracted Bulk Of FDI In 2015
The bulk of foreign direct investments (FDI) in 2015 went to financial brokerage (13.1% of the total), followed by trade and real estate transactions (12.2% each), according to a statistical...
Romania's Economy Grows Above Expectations In Second Quarter - Central Bank
Romania's economic growth exceeded expectations in the second quarter of 2016 (6%), as a result of the expansion in household consumption and investment, the National Bank of Romania said in...
Cash In Circulation Exceeded RON50B In January-July - Central Bank
The cash in circulation totaled RON51.7 billion in the first seven months of 2016, increasing by approximately 20% versus the year-earlier period, according to central bank data.