Social/Politics
Romania Budget Surplus Rises In April
Romania’s consolidated budget posted surplus of 5.96 billion lei (EUR1.35 billion) in the first four months of the year, compared with a RON1.88 billion deficit in the same period of 2014, F...
Romania Central Bank Has No QE Program, Uses Reserves To Raise Market Liquidity
Romania’s central bank has not jumped the quantitative easing bandwagon, but it increased the market liquidity by cutting the minimum reserve requirement ratios, according to governor Mugur...
Big IMF Loan Helped Romania Lower Risk Costs, Central Bank Head Says
Romania’s central bank governor said he wanted the country to borrow less from the International Monetary Fund back in 2009, but the 20 billion-euro bailout package provided enough cushion a...
Isarescu: Bank Clients Should Follow Real Interest Rates
Customers that place their money in bank deposits should rather look at the real interest rate, which currently is higher than a few years ago, central bank governor Mugur Isarescu said Tues...
Romania-Moldova Gas Pipeline To Be Extended To Onesti (Romania) And Chisinau (Moldova)
The natural gas pipeline connecting Iasi in Romania to Ungheni in the Republic of Moldova will be extended to Onesti in Romania and the Moldovan capital Chisinau.
Exposure Of “Vienna Initiative” Banks Down By 30% In Six Years
The nine foreign bank groups part of the “Vienna Initiative” in the spring of 2009 reduced their exposure by 29% in six years. The decline of the exposure in nominal terms stood at about nin...
IMF Helped Romania Develop Consistent Policies, Isarescu Says
The International Monetary Fund helped Romania develop a mix of “consistent” policies, working as an aggregator between different institutions, central bank governor Mugur Isarescu said Wedn...
PM Proposes Sevil Shhaideh For Regional Development Minister
Prime Minister Victor Ponta has forwarded President Klaus Iohannis a proposition to appoint Sevil Shhaideh minister of regional development and public administration, replacing Liviu Dragnea...
Ghetea: Most Difficult Moment Of My Career Was Announcing Romania’s Default
Radu Gratian Ghetea, who is due to retire from his position as CEC Bank president after eight years, says the most difficult moment of his entire 43-year career in the banking sector was the...