National Bank of Romania

Many small and medium-sized companies will disappear, undoubtedly, but a government is responsible for the health of each of its citizens, not for the survival of each SME or every enterprise, especially in a market economy, Valentin Lazea, chief-economist of the National Bank of Romania (BNR), said in a specialized video-conference on Tuesday.

The Ministry of Public Finance (MFP) borrowed 1.594 billion lei from banks on Monday, through a benchmark government bond issue, with a residual maturity of 36 months, at a yield average of 3.84pct per year, according to data released by the National Bank of Romania (BNR). The nominal value of Monday's issue was 300 million lei, and the banks subscribed 1.918 billion lei.

The annual inflation rate kept steady at 3 percent this March, as food grew by 5.11 percent more expensive, service prices advanced 3.8 percent and non-food prices went up 1.39 percent, shows data released on Friday by the National Institute of Statistics (INS). March 2020 consumer prices were 0.5 percent higher compared to February and 1.16 percent up from December 2019.

The Board of the National Bank of Romania (BNR) decided Friday in an emergency monetary policy sitting, to cut the key interest rate to 2 per cent, from 2.5 per cent, as of 23 March 2020, a release by the central bank informs.

The public and the entire Romanian society should understand that the first urgency is that banks don't fall, and after this urgency comes solidarity, National Bank of Romania (BNR) Strategy Consultant Adrian Vasilescu said on Tuesday. "The action has to take into account urgencies.

The Romanian Association of Banks (ARB) and the Council of Banking Employers in Romania (CPBR), organizations that represent all the active banking institutions on the Romanian market, grant support to clients and authorities regarding the limitation of negative effects on the individual economic welfare, Romania's economy and public health and safety, in the context of the pandemic caused by t

The collapse of the national currency, which has gone from 4.7 RON to 4.8 RON per euro, is worth 2 bani (the lowest subdivision of the Romanian currency, 100 bani equals 1 RON - e.n.), and presently it doesn't even reach that, said on Sunday Adrian Vasilescu, strategy consultant at the National Bank of Romania. "There is much talk these days.

As of February 29, 2020, the forex reserves of the National Bank of Romania (BNR) rose by 0.9 pct, to EUR 35.830 billion, from EUR 35.505 billion at January 31, 2020, the central bank announced in a release sent to AGERPRES on Monday.

For the first time in history, Romania on Thursday borrowed money at a negative interest rate, acting Finance Minister Florin Citu announced on Thursday at the opening of a government meeting.

The balance-of-payments current account registered a deficit of 10.478 billion euros last year, an increase of almost 17 pct compared to the similar period of 2018, shows a press release of the National Bank of Romania (BNR) sent to AGERPRES on Thursday. In 2018, the current account deficit was 8.96 billion euros.