07.01.2015

Greek banks’ Romanian units are not dependent on parent banks and the financing lines coming from parent banks account for 27.5% of total liabilities, Romanian central bank governor Mugur Isarescu more

06.16.2015

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 need more

06.04.2015

Romania still has some steps to take before adopting the euro, which needs to be done at the right time, and not before some structural reforms were made, central bank governor Mugur Isarescu said more

05.28.2015

Romania’s financial market is unbalanced, as banks massively dominate with more than 80% of the total financial assets, according to central bank governor Mugur Isarescu, who said banks are not more

05.26.2015

Any legislative act that will allow debtors to repay their loans with the mortgaged properties will totally inhibit lending, said Mugur Isarescu, governor of the Romanian central bank. more

05.26.2015

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 against more

05.26.2015

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 Tuesday. more

05.08.2015

Building a roadmap for Romania’s euro-zone accession is even more important than the target date, while the lack of the roadmap makes discussions about January 1, 2019 pointless, central bank head more

05.08.2015

Some banks have cut the interest rates at deposits too much, due to the liquidity surplus, but lenders still have room to reduce the loan rates, according to Romania’s central bank governor Mugur more

04.29.2015

Romania needs to complete major adjustments of its economic policies before entering the exchange rate mechanism, the anteroom of the euro-zone, said central bank governor, Mugur Isarescu. more

03.31.2015

Romania’s banking system has enough liquidity but unevenly distributed, so that some lenders cannot access it and prefer to borrow from the central bank at weekly repo auctions, central bank more

02.09.2015

Volksbank Romania was a bank with problems, from management to risk issues, with strong involvement in foreign currency loans, so that shareholders’ solution was to sell it with a discount, in order more

01.30.2015

Romania’s central bank agrees with burden–sharing solutions for persons who have loans in Swiss francs and banks, but reasonable and balanced solutions, applied individually, as each case is more

01.30.2015

Discussions about the conversion of Swiss franc loans at lower exchange rates could hurt Romania’s chances to get reduced costs at its next Eurobond issue, central bank governor Mugur Isarescu told more

11.27.2014

Romania has reached a macroeconomic equilibrium and it meets all the five Maastricht criteria, but the country cannot join the euro-zone in two years, central bank governor Mugur Isarescu said more

11.19.2014

Romania has escaped the fear of the leu’s depreciation, says central bank governor Mugur Isarescu, pointing out the national currency was largely unmoved even during the elections campaign. more

11.06.2014

The lowering of public investments might represent a means of control over the spending of public funds as a result of the anticorruption actions taken lately, Romanian central bank governor Mugur more

11.05.2014

Romania’s central bank on Tuesday cut the key rate again, to 2.75%, in another attempt to encourage lending. Governor Mugur Isarescu urges banks to get close to their customers and not expect them more

11.04.2014

The lowering of public investments may be beneficial on long term, if it is based on financial discipline, by removing unrealistic projects and corruption, although it impacts the short-term economic more

10.21.2014

The combination of fiscal correction measures with an uncontrolled deleveraging process could hurt a sustained economic growth, Romanian central bank governor Mugur Isarescu said Tuesday. more

10.01.2014

The lower than expected economic growth, the low inflation level and still depressed lending activity, as well as the decision of the European Central Bank to cut monetary policy rate to an all-time more

08.18.2014

Romania’s 2019 euro-adoption target should be enclosed in a law adopted by the parliament so that the necessary reforms to join the euro area would not be affected by political changes, central bank more

08.06.2014

The Romanian central bank is ready to further narrow the gap between interbank rates and the monetary policy rate so that banks feel comfortable enough to resume lending, even if the move might more

08.04.2014

Romania central bank still has room for further interest rate cuts as the inflation continues to decelerate, but a decision in that direction depends mostly on external evolutions, particularly on more

07.01.2014

Romanian central bank’s governor Mugur Isarescu said Tuesday that the authorities should consider additional measures besides the recent cut in the social security tax rate to help create more jobs more