07.01.2014

The Romanian central bank sees no threat of deflation because the average annual inflation remains at comfortable levels and the recent decline in the annual rate could be reversed on the medium term, more

07.01.2014

Romanian central bank’s governor Mugur Isarescu said Tuesday that the bank’s decision to cut its minimum reserve requirements on foreign currency deposits will free around EUR500 million in more

06.25.2014

The low interest rates on bank deposits across Europe could prompt depositors to move their money into real estate assets, which in turn might lead to a new speculative property bubble, Romanian more

06.16.2014

The Romanian parliament on Monday appointed Mugur Isarescu for a new five-year term as governor of the central bank, a position he has been holding for the past 24 years. more

05.09.2014

The foreign banks that participated in the Vienna Initiative and that hold around two thirds of the Romanian banking system's assets narrowed their exposure to local subsidiaries by 20% between March more

05.08.2014

Retail activity in Romania accelerated in the first quarter amid stronger domestic demand, particularly in the auto industry, central bank governor Mugur Isarescu said Thursday. more

05.08.2014

Romania has made sufficient progress to sustain economic growth without further help from its international creditors, central bank governor Mugur Isarescu said Thursday. more

05.08.2014

Romania’s economic performance during the first months of the year wasn’t good enough to justify the recent strengthening of the leu against the euro, central bank governor Mugur Isarescu said more

05.08.2014

Romanian central bank governor Mugur Isarescu Thursday said the banking system is cleaning up and the non-performing loans ratio, which reached 22.3% at the end of March, was assessed following more

05.07.2014

The latest March data show a rebound in lending, yet the rebound is not that strong, as the ‘divorce’ of banks and companies is still dominant. more

05.06.2014

Romanian central bank governor Mugur Isarescu said Tuesday the leu’s recent appreciation against the euro was fueled by higher demand for government bonds from foreign investors, as well as by more

05.06.2014

Romania’s central bank is waiting to receive a complete list with the new managing directors of CEB Bank before it can authorize any changes in the latter’s management structure, central bank more

05.06.2014

Romanian central bank governor Mugur Isarescu Tuesday said joining the euro area by the government’s self-imposed deadline in 2019 is an ambitious goal, which cannot be accomplished without meeting more

04.24.2014

Romania faces “manageable economic risks” in the context of Russia-Ukraine tensions, due to the reduced exports to Russia and Ukraine, low dependence on Russian gas and no direct links between more

04.07.2014

The significant increase in industrial output in Romania last year, of 8%, is not getting enough attention and the indicators of the first two months show the upward trend continues, said central bank more

03.28.2014

Romanian central bank governor Mugur Isarescu on Friday said the last of the “Big Three” credit-rating agencies which is yet to promote the country to investment grade will probably wait until at more

02.20.2014

The rest of Romania not so much, the central bank chief says more

02.12.2014

Romanian central bank governor Mugur Isarescu on Wednesday reiterated the local money market has a controlled floating exchange rate system, which allows the institution to sell or purchase foreign more

02.06.2014

Romanian government’s plan to limit cash transactions for both companies and population reminds of the proverb “the road to hell is paved with good intentions,” central bank’s governor Mugur more

02.06.2014

Romania’s central bank Thursday revised upward its inflation forecast to 3.5% this year from 3% previously, citing upside pressure from higher excise duties and a newly announced tax on fuels. more

02.04.2014

Romanian central bank’s chief Mugur Isarescu said Tuesday the government’s planned debt relief scheme to help troubled debtors could be a first step toward implementing a differentiated tax more

01.14.2014

Romanian government should avoid taking unclear or confusing political decisions in 2014, which is an election year, because they may lead to unexpected or large capital movements that will affect the more

01.08.2014

The Romanian leu should fall after the lowering of the key rate and the reserve requirements, central bank governor Mugur Isarescu said Wednesday, adding that such a scenario is not certain. more

12.12.2013

Romania should strive to double economic growth to narrow the gap with the other European Union countries, but any potential measures in the area must not upset the 2% balance achieved for the other more

12.12.2013

Romania’s central bank governor Mugur Isarescu said Thursday that his institution is prepared to lower the minimum reserve requirements for both leu and foreign currency liabilities in 2014, but the more