Articolele autorului Florentina Dragu
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Romanian Banks Have Foreclosure Difficulties - Association
Romanian banks are having an increasingly hard time unloading properties at foreclosure auctions and they need to come up with a plan to avoid further defaults from their clients, the head of Romanian Banking Association said Wednesday. citeşte tot
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Romania Ctrl Bank Head: I’m Not Against Lower Social Security Taxes
Romanian labor market is too burdened and cutting the social security taxes, while a risky measure, would be a most welcome solution to stimulate economic growth, central bank governor Mugur Isarescu said Wednesday. citeşte tot
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Romania Central Bank Head: Inflation Fell Within Target Range In September
Romanian inflation has eased to below 4% in September, falling within the central bank’s target of 2%-4%, governor Mugur Isarescu said Wednesday. citeşte tot
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Romanian Banks Should Focus More On Corporate Lending - Ctrl Bker
Romanian banks might have to shift focus from retail to corporate in order to balance out lending slowdown and grow their business, central bank’s deputy governor Cristian Popa said Wednesday. citeşte tot
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Romanian Banks To Stay Resilient, Says Central Banker
The Romanian banking system will continue to be resilient in the face of new challenges, even with the materialization of the worst-case scenarios the central bank considers for its periodical stress tests, central bank’s deputy governor Cristian Popa said Wednesday. citeşte tot
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Romanian Bankers: New Lending Rules Won’t Affect Mortgage Loans
The Romanian central bank has agreed to leave the conditions on foreign currency-denominated mortgage and housing loans unchanged, the head of Romanian Banking Association said Wednesday. citeşte tot
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Romania Needs Lower Taxes To Support Growth - Analyst
Romania must reduce taxation in the capital and workforce sectors to support the economic growth, because monetary policy measures alone are insufficient to sustain the development in the medium and long term, analyst Florin Catu said Tuesday. citeşte tot
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Romania To Revise 2012 GDP Forecast On Exports Slowdown - Ctrl Bk
Romania is set to revise its economic growth forecast for 2012, as exports are expected to advance at a slower pace than in 2011, central bank governor Mugur Isarescu said Tuesday. citeşte tot
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Central Banker: Romania Should Put Debt Cap In Constitution
Romania must balance its fiscal policy better and put a constitutional cap on the public debt, a central bank official said Tuesday. citeşte tot
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Romanian Ctrl Bank Head Says Lower Taxes May Block Public Investments
Lowering taxes or social security contributions seems like a simple enough solution to unburden the business environment, but the measure would be short-lived and would only limit the government’s ability to complete existing investments, central bank governor Mugur Isarescu said Tuesday. citeşte tot
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Romania Tourist Arrivals Up 21.7% On Year In August
Tourist arrivals in Romania rose 21.7% in August from the year-earlier month, while overnight accommodations were up 23.4% on the year, the statistics institute INS said Tuesday. citeşte tot
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Romania Forex Reserves Rise To EUR33.6B In September
Romanian foreign exchange reserves rose to EUR33.62 billion in September from EUR32.55 billion a month earlier, central bank data showed Monday. citeşte tot
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Romanian Leu Exchange Rate Slides Further To 4.3533 Vs Euro
Romania’s leu traded near 4.35 per euro by midday Friday and the central bank’s reference fell 0.7% on the day to a fresh 15-month low of 4.3533 units. citeşte tot
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IMF To Halve Romania’s 2012 GDP Growth Forecast On European Worries
The International Monetary Fund is likely to revise down its growth forecast on Romanian economy to around 2% in 2012, from 3.5% presently, due to deteriorating conditions in European markets, according to IMF mission chief Jeffrey Franks. citeşte tot
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IMF: Political Pressures Could Weaken Romania Reform Process
The pace of reforms in Romania has slowed down in the last three months, particularly regarding the privatization of state-owned companies, and the International Monetary Fund is concerned that political pressures might hinder the process, an IMF official told MEDIAFAX. citeşte tot
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Romania August Jobless Rate Steady At 7.3%
Romania's unemployment rate was unchanged at 7.3% in August, seasonally adjusted data from the statistics institute INS showed Friday. citeşte tot
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Romania Central Bank Sees Inflation Within Target By Year-end
Romanian central bank estimates the annual inflation rate will fall within the 2%-4% target set for the year-end and will remain at close levels throughout 2012, deputy governor Cristian Popa said Thursday. citeşte tot
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IMF Approves EUR480M Disbursement To Romania
The International Monetary Fund Thursday completed the second review of Romania’s economic performance under a EUR3.5 billion precautionary loan agreement, enabling the disbursement of a new EUR480 million tranche. citeşte tot
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Romanian Leu Exchange Rate Hits New 15-Month Low Vs Euro At 4.3218
Romania’s leu edged lower versus the euro by mid trade Thursday and the central bank’s reference weakened to a fresh 15-month low of 4.3218 units, from 4.321 units a day earlier. citeşte tot
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Romania Central Bank Leaves Key Rate On Hold At 6.25%
Romania’s central bank Thursday left its main interest rate at a record low of 6.25% a year for the eleventh straight time, dampening hopes for a monetary easing to help bolster lending. citeşte tot
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Romania Petrom Dismisses Reports Of Gas Stations Deal With NIS
Romania’s leading oil company OMV Petrom (SNP.RO) Thursday dismissed reports regarding plans to sell 139 gas stations to Serbian peer NIS, controlled by Russian giant Gazprom. citeşte tot
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Moody’s Sees Romania 5-Year Default Probability At 8.9%
The probability of a Romanian sovereign debt default in the next five years reached 8.9% at the end of last week, after the 12-month risk nearly doubled to 1.35%, from 0.76% in the previous seven days, Moody’s said in a report. citeşte tot
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Romanian Leu’s Exchange Rate Falls To 15-Month Low Of 4.321 Vs Euro
Romania’s leu continued to retreat against the euro by mid trade Wednesday, tracking the currencies in the region, while the central bank’s reference fell 0.2% to 4.321 units, the weakest rate in 15 months. citeşte tot
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Romanian Leu Exchange Rate Hits 10-Month Low Of 4.3112 Vs Euro
Romania’s leu fell against the euro by mid trade Tuesday, pushed down by growing orders for foreign currency, and the central bank’s reference weakened 0.3% to 4.3112 units, the lowest rate in 10 months. citeşte tot
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Romania Budget Gap Widens To RON12.9B In August
Romania’s consolidated budget posted a deficit of 12.97 billion lei (EUR3.01 billion) in the first eight months, equal to 2.4% of the gross domestic product, Finance Ministry data showed Monday. citeşte tot
