12.13.2016

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 governor Liviu more

12.02.2016

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. more

11.23.2016

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, more

11.02.2016

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 hand and more

10.27.2016

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. more

10.07.2016

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 of Romania more

10.02.2016

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 survey by more

09.30.2016

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 a more

09.19.2016

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. more

04.06.2016

Digital transformations can boost the revenues of a traditional bank by up to 30% and cut costs by 20-25%, central bank deputy governor Florin Georgescu told a conference on digitalization in the more

03.21.2016

The National Bank of Romania will be the resolution authority for the banking sector and will intervene for banks in difficult situations via tools like the bridge-institution, the sale of the more

03.01.2016

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02.22.2016

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02.05.2016

Central bank governor Mugur Isarescu on Friday said Romania is marred by internal uncertainties regarding the fiscal and salary policy, as well as structural reforms, considering that 2016 is an more

01.05.2016

Most analysts expect Romania’s central bank (BNR) to keep the key rate at the all-time low of 1.75% this year, but signs of economy overheating and inflation returning to positive territory might more

12.28.2015

Romanian private lending rose 1.9% in November compared with October, to RON218.5 billion, central bank data showed Monday. more

12.11.2015

Banks should find solutions together with their clients who face loan payment issues, not only on a declarative level, as their rigidity triggered a legislative intervention through the draft law on more

12.10.2015

Romania’s central bank may choose to lower the mandatory reserves on RON liabilities in 2016 because the liquidity in the money market might dry up in early next year due to higher government more

12.07.2015

The fiscal relaxation and the economic growth may cause Romania’s central bank to increase its main monetary policy rate in the fourth quarter of 2016, according to analysts of Austria’s Erste more

06.28.2015

The four local banks controlled by Greek financial groups are under the regulations of the Romanian central bank, which can take action in case of interference from shareholders, while their deposits more

06.22.2015

Tension is mounting on the Romanian financial market, too, as Greek banks control 12% of the local banking assets, now that the crisis in Athens has reached that point where capital controls, more

05.06.2015

Romania’s central bank on Wednesday surprisingly lowered its main monetary policy rate by 25 basis points to a new record low of 1.75%, the seventh rate cut in the current reduction cycle started in more

01.29.2015

The central bank, banks and the Romanian Banking Association (ARB) on Thursday agreed on measures for loans in Swiss francs, such as maintaining the monthly installment in local currency at December more

11.14.2014

Ernst&Young Assurance Services won a contract of 1 million lei (EUR227,000), VAT included, whereby it will audit the annual financial statements of Romania’s central bank BNR, for the 2014- 2018 more

11.06.2014

Romania’s central bank governor Mugur Isarescu said Thursday that tobacco and alcohol prices will decline in 2015, because the calendar for the alignment of excise duties has already been fulfilled. more