Mugur Isarescu, the Governor of the Romanian central bank declared that in 2009 Romania was extremely close to a sudden stop, avoided because a move was made in time. Mugur Isarescu said Romania was not having … [Read more...]
Mugur Isarescu: How To Keep The Euro From Attracting Speculators Again
May 9, 2011 By Leave a Comment
The exchange rate has slide by around 4% since the start of the year determining the NBR to no longer think favorable about leu's further strengthening further. NBR governor Mugur Isarescu says that the … [Read more...]
Mugur Isărescu: The Second Highest Food Price Hike Registeres In Romania
May 5, 2011 By Leave a Comment
The National Bank Governor Mugur Isarescu said on Thursday that Romania has seen the second highest price hike in food price in the area. First on the list is Bulgaria and there are unresolved statistics … [Read more...]
Mugur Isarescu: Inflation Forecast Will Be Revised Upwards
April 7, 2011 By Leave a Comment
Mugur Isarescu, NBR Governor, said he would revise the inflation forecast upwards. The reason for this decision comes from the conclusion that inflationary pressures are not lessening. The NBR should bring … [Read more...]
National Bank In Favor Of Cutting Social Security Contributions By 3%
April 6, 2011 By Leave a Comment
Lucian Croitoru, adviser to NBR Governor Mugur Isărescu, announced yesterday that the National Bank is in favor of a 3% cut to social security contributions paid by employers. This is good news for employers, … [Read more...]
Mugur Isarescu: Stimulate Labor, Not Consumption
February 24, 2011 By Leave a Comment
BNR Governor Mugur Isarescu told a banking seminar yesterday that stimulating consumption in order to resume economic growth is a bad idea because it is socially and politically motivated, as elections … [Read more...]
Traian Basescu Negotiating With Mugur Isarescu To Take Over Government Leadership?
February 15, 2011 By Leave a Comment
Romanian president Traian Basescu visited on Monday after noon the Central Bank’s Governor, Mugur Isarescu, in an attempt to convince the Governor to accept the position of Prime Minister. “It is not … [Read more...]
NBR: The State Should Stimulate SMEs
February 11, 2011 By Leave a Comment
Central Bank (NBR) Governor Mugur Isarescu said that state authorities can take several measures to stimulate small and medium-sized enterprises (SMEs). One idea would be curbing bureaucracy and controls, … [Read more...]
BNR: Inflation Forecast Revised From 3.4 to 3.6 %
February 9, 2011 By Leave a Comment
Even if the annual inflation rate is expected to drop to 7 %, the Central Bank of Romania (BNR) has revised this year’s inflation forecast upwards, from 3.4 % to 3.6 %. The annual inflation rate estimated … [Read more...]
5bln Euros Available To Romania In Next Two Years. Break The Glass In Case Of Emergency!
February 8, 2011 By Leave a Comment
National Bank of Romania (BNR) Governor Mugur Isarescu declared in a news conference Romania will have 5.4 billion euros available in financial assistance for 2011-13. Of that amount, 5 billion euros from … [Read more...]
