Mugur Isărescu
Eurozone Entry Unlikely for Romania Amid High Deficit
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.
PM Citu: We are moving in direction in which Romania is no longer low wage country
Prime Minister Florin Citu stated, on Tuesday, that the data regarding inflation presented on Monday by the National Bank of Romania (BNR) represent an estimation, yet there are "interesting" figures regarding wages, which show that Romania is going in the direction in which "it is no longer a low wage country." The National Bank of Romania (BNR) increased to 5.6 pct the inflation forecast for
BNR raises to 5.6 pct inflation prognosis for year end
The National Bank of Romania (BNR) has increased to 5.6 pct the inflation prognosis for the end of this year and 3.4 pct for the end of next year, according to a presentation delivered on Monday by the Governor of the National Bank of Romania, Mugur Isarescu.
Central bank seeks exception allowing Board members to carry on beyond age 70
Governor of the National Bank of Romania (BNR) Mugur Isarescu sent Parliament a letter requesting the introduction in the bill adopted by the government that prohibits public employees from collecting both wage and pension, of an exception allowing the members of the BNR Board to work beyond the age of 70.
BNR head Mugur Isarescu: We are not proposing to stimulate credit towards rational exuberance
The National Bank of Romania (BNR) does not simply aim to stimulate credit toward rational exuberance, a rapid credit growth that will end in the explosion of non-performing loans, BNR Governor Mugur Isarescu said on Wednesday at the seminar on "Target: Boosting financial intermediation".
Isarescu: The BNR treasure remains only case in which assumed restitution obligations - not respected
The treasure of the National Bank of Romania (BNR) remains the only case in which a monetary gold reserve is entrusted with proper documents that it will be returned at any time at the request of the owner, and the obligations assumed have not been respected, the BNR Governor Mugur Isarescu said on Wednesday.
Romanian, Moldovan central banks sign new Cooperation Agreement
The main and enduring message of the National Bank of Romania (BNR) for the National Bank of Moldova is that of a sustainable and robust partnership, BNR governor Mugur Isarescu said on Friday at the signing ceremony of the new Cooperation Agreement between the Romanian and the Moldovan central banks.
Central bank: Climate change agenda has high stake for Romania's economy, financial system
The climate change agenda has a high stake for the Romanian economy and financial system, both in terms of opportunities and costs, should the green transition be delayed, the governor of the National Bank of Romania (BNR), Mugur Isarescu, said on Tuesday at the press conference for the presentation of the Report of the National Committee for Macroprudential Supervision (CNSM).
PSD's Ciolacu: All statements made by BNR officials yield effects
The Chairman of the Social Democratic Party (PSD), Marcel Ciolacu, sent on Monday a letter to the governor of the National Bank of Romania BNR), Mugur Isarescu, affirming that all statements made by BNR officials yield effects, regardless of whether they are made in a personal capacity or from the official desk.
CAB registers file sent by CNSAS requesting establishment of quality of Securitate collaborator of BNR Mugur Isarescu
The Bucharest Court of Appeal (CAB) registered the file sent by the National Council for the Study of Securitate [the communist-era political police] Archives (CNSAS) requesting the establishment of the "quality of Securitate collaborator" of the National Bank of Romania (BNR) Governor, Mugur Isarescu.