Governor of the National Bank of Romania

Eurozone Entry Unlikely for Romania Amid High Deficit

Published by Novinite on Wed, 10/02/2024 - 18:52

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.

Parliament appoints officials to financial, fiscal, media public offices

Published by Agerpres on Wed, 07/03/2019 - 16:07

In a joint meeting on Wednesday, the Chamber of Deputies and the Senate appointed members to the Board of Directors of the National Bank of Romania (BNR), the Fiscal Council, and also nominated the chairman of the National Audio-Visual Council (CNA). The voting was secret, with ballot papers.

Isarescu on IMF arrangement: We need a devil's advocate to sell the fiscal reform credibly

Published by Agerpres on Fri, 05/08/2015 - 15:02

Romania needs an arrangement with the international financial institutions in order to sell credibly the fiscal reform it intends to implement by modifying its Tax Code so as to avoid losses by having to borrow at higher interest rates, according to Governor of the National Bank of Romania (BNR) Mugur Isarescu.

Photo credit: (c) Radu TUTA / AGERPRES PHOTO

PM Ponta: Competitive energy market, low labour taxes to make Romania more prosperous, more stable

Published by Agerpres on Thu, 06/12/2014 - 12:16

Romania's international financial partners will have to understand that a competitive energy market and lower labour taxes will make Romania a more prosperous and more stable country, Romania's Prime Minister Victor Ponta told a Euromoney conference on Thursday on regional finance and investment for South-East Europe.