Adrian Vasilescu

The current situation in Romania is different than those in the past, because three crises overlap: a health crisis, a social crisis and an economic crisis, said, on Thursday, Adrian Vasilescu, strategy consultant with the National Bank of Romania (BNR).

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 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.

Romania is facing an inflation twice as high as the level considered optimal for this indicator, and this does not depend on the authorities' statements, Adrian Vasilescu, strategy consultant with the National Bank of Romania (BNR) told a profile conference on Wednesday. "Inflation strikes without taking into account what the Government says, what the companies say, what the population wants.

Inflation has caused disruptions in public life, which has led to the exit of ROBOR (Romanian Interbank Offered Rate, ed. n.) from the game and the introduction of a new reference index for loans, but the National Bank of Romania (BNR) has no other role than that of mathematician of the system, Adrian Vasilescu, strategy strategist at BNR, told AGERPRES on Thursday.

Laws appear without an analysis of legitimacy and we wind up with laws that breach laws, and the Constitutional Court declares them unconstitutional, National Bank of Romania (BNR) strategy consultant Adrian Vasilescu said on Wednesday in reference to the laws on credit agreements, leasing operations and financial relations in the banking area.

The decline of the national currency in relation to the euro is 0.6 percent, and only in the situation in which it declines over 4-5 percent the Central Bank analysis rigor intervenes, National Bank of Romania (BNR) strategy consultant Adrian Vasilescu maintains.

The level of the interbank offered rate ROBOR, which serves as benchmark for floating-rate loans in lei, is attributable to the entire country, it depends on the domestic realities and first of all on the inflation rate, therefore one cannot say that the banks are greedy because they increase this index due to certain disorders of the economic system, on Tuesday night said for the private Digi

Regardless of how many companies in Romania are insolvent, it is currently important to have a fresh law, but in my opinion, restructuring is needed by all the 700,000 companies in our country, Adrian Vasilescu, advisor to the Governor of Romania's National Bank /BNR/, told a Thursday's specialist conference.

Since joining the EU in 2007, Bucharest has received around 21.3 billion euro from European funds compared to its contribution of some 10.6 billion euro, the Romanian Central Bank has said.