National Bank of Romania

The adoption of the euro remains an unattainable goal for Romania due to its persistent fiscal deficit, according to Mugur Isărescu, Governor of the National Bank of Romania (NBR), as cited by local media. Romania's deficit stood at 5.68% last year, one of the highest in the European Union, a figure that far exceeds the requirements for adopting the single currency.

The balance of the non-governmental credits granted by credit institutions has increased, in August 2021, by 1 pct over July 2021 (0.8 percent in real terms), up to the level of 309.7 billion RON, according to data published by the National Bank of Romania, published on Thursday.

Non-resident tourists arriving in Romania spent, on average, 2,573.3 lei/person (approximately 520 euros, at the National Bank of Romania exchange rate), in the first half of this year, and the main reason for travel to Romania (59.6%) was represented by business, including participation in congresses, conferences, courses, fairs, and exhibitions, according to data published by the National Ins

President Klaus Iohannis can solve the political crisis today, with all the tools at his disposal and the constitutional obligation to get involved, Chairman of the National Liberal Party (PNL) Ludovic Orban said on Wednesday. According to him, "the coalition is currently in a cease fire". "The president can solve the crisis today.

Prime Minister Florin Citu has expressed his trust, on Friday, that the National Bank of Romania (BNR) will intervene in order to "temper the inflation dynamics", after the inflation rate was 5.3% in August .

The annual inflation rate went up to 5.3 pct in August 2021, from 5 pct in July, given that non-food stuffs were more expensive by 7.92 pct, foodstuffs by 2.7 pct, and services by 2.97 pct, according to data published on Friday by the National Institute for Statistics (INS). According to the INS, consumer prices in August 2021 compared to July 2021 increased by 0.2 pct.

Prime Minister Florin Citu stated on Wednesday evening that in order to have a stable national currency, "you need a stable government". Asked at the private TV broadcaster Digi 24 when the euro will reach a 5 RON exchange rate, he answered: "I want to remind you that last year they said it will be 5 RON, but it was not.

The national currency has depreciated on Thursday compared to the euro, continuing, practically, its descending trend started last week, the internal political situation having no influence on the exchange rate, believes Adrian Codirlasu, deputy chair of the CFA Romania Association. "The course depreciated a little. Practically it continued the depreciation trend started last week.

The foreign currency reserves of the National Bank of Romania clocked in, at the end of August 2021, at 41.616 billion euro, an increase by 6.68 pct over the level of 39.008 billion euro recorded on July 31, 2021, the central bank announced on Wednesday.

The current account of Romania's H1 balance of payments ran a deficit of 7.040 billion euros, by 73.44 percent higher than in the year-ago period, the National Bank of Romania (BNR) announced on Friday.