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Romania. Isărescu: Annual inflation rate will follow a continuous downward path

The governor of the National Bank of Romania, Mugur Isărescu, says that the annual inflation rate will follow a continuous downward path. "We have also discussed a timetable for interest rate cuts. But we have to wait at least two months after the January inflation increase to be convinced", he adds

Árkedvezményes bérlakást kérhetnek az önkormányzattól, akik nem tudják az ingatlanhitelüket fizetni

Mától, június 23-ától igényelhetik az ártámogatott bérlakásokat az önkormányzattól mindazok, akiket kilakoltattak a bankkölcsönre vett házukból, mert nem tudták a hitelt törleszteni. Az önkormányzati lakás lakbére nem fogja meghaladni a havi nettó kereset 10 százalékát.

Over EUR1.5M Missing From Bank Accounts Of Twenty Credit Europe Bank Clients

The number of clients of the local branch of Credit Europe Bank in Brasov, central Romania, who had money withdrawn from their bank accounts without their permission, reached 20, and total damages exceed EUR1.5 million.

Dozens Of People In C Romania Say Their Bank Accounts Emptied Out; Damages Exceed RON1M

Dozens of people holding deposits at the local subsidiary of Credit Europe Bank in Brasov, central Romania, claimed large sums of money in their bank accounts had been withdrawn without their knowledge.

Romania Should Have Used BCR Deal To Build Motorways – Fin Min

Romanian Finance Minister Sebastian Vladescu Thursday said the government should have stuck to its plan to use the money from the sale of lender Banca Comerciala Romana (BCR) to build motorways.

Romania Ctrl Bk Chief: Economy Must Be Allowed To Recover

Romanian central bank governor Mugur Isarescu Friday said the economy must be allowed to recover at its own speed, or the authorities might need to raise the taxes to aid the state budget.

Romanian Bks May Enforce Account Transfer Rules On Apr 1 – Assoc

The Romanian lenders’ common rules on bank accounts' mobility are about to be approved by the central bank and will come into effect on April 1, Constantin Rotaru, counselor with the banking association ARB, said Tuesday.

Romania’s Ambassador To Moldova Wants EBRD-Backed Romanian-Moldovan Investment Bank

Marius Lazurca, Romania’s new ambassador to the Republic of Moldova, said Tuesday during hearings in the Parliament’s foreign policy committees he wants the creation of a Romanian-Moldovan investment bank with the help of the European Bank for Reconstruction and Development (EBRD).

Dinu Patriciu, Ex Georgian PM Buy Narodny Bank of Georgia – Interfax

Romanian businessman Dinu Patriciu, jointly with former Georgian Prime Minister Vladimir Gurgenidze, bought Narodny Bank of Georgia from Eurooil, a unit of RAKInvestment of the UAE, Interfax reported Wednesday.

Romania’s “First Home” Program To Gain Funds Next Yr Too, If Successful – PM

If the “First Home” program is successful, it will be further funded by state guarantees next year, Romanian Prime Minister Emil Boc said in a press conference on Saturday.

RBS: Romania Falls Out Of Default Risk Countries Category In ’09

Romania fell out of the category of countries potentially vulnerable to sovereign debt crisis in 2009, as its current account deficit, and hence external financing needs are narrowing rapidly on decreasing domestic demand, according to a Royal Bank of Scotland report.

Romanian Politicians Treat Econ Crisis Too Dramatically – Ctrl Bk Head

Romanian politicians treat the economic crisis in an overstressed way, and they should apply already tested solutions, the central bank’s governor Mugur Isarescu said Wednesday.

EIB OKs EUR600M Loan To Ford For Operations In Romania, Germany

The European Investment Bank approved Tuesday a EUR600 million loan to US carmaker Ford, for the construction and operation of a vehicle and engine plant in Craiova, Romania, and for research and development related activities for the plant carried out in Germany.

IMF Asks Romanian Ctrl Bk To Apply A Minimal 10% Solvency Limit To Bks

The International Monetary Fund asked the Romanian central bank to determine the necessary additional capital for banks, based on stress tests, so that the solvency rate of each institution is maintained above 10%, a level higher by two percentage points than the current bottom limit, of 8%.

Romania Needs “Preventive” Foreign Financing – Ctrl Bker

Romanian central bank governor Mugur Isarescu told the members of the Government Friday the country needs a “preventive-like” foreign financing to ensure the economic stability and protect the population’s economic interests, the Government said.

Romania’s Raiffeisen Bank Targeted By Phishing Attack

Clients of Romania’s Raiffeisen Bank were targeted by a phishing attack Monday, as they received an e-mail asking them to introduce their user codes on a website, so that the online service can be unlocked.

Armed Robbery Sends Banks Looking For Security Upgrades

Romanian banks are considering the possibility to take additional security measures, after the armed robbery of a bank in W Romania, said Romanian Banks Association president Radu Gratian Ghetea.

Robbed Romanian Bank Offers Reward For Info On Robbers

Romanian bank Banca Transilvania decided to offer a reward to those who can inform the police on the whereabouts of the armed robbers who attacked the bank Friday, in western Romanian city Cluj.

Romanian Bank Robbed At Gun Point In W Romania

Two people with guns and ski masks entered a bank in western Romanian city Cluj, pistol-whipped the guard and struck a cashier, making away with the equivalent of some EUR70,000.

Romanian Ctrl Bk Bought EUR10B In ’05-’07 Period

The National Bank of Romania, or BNR, bought around EUR10 billion from the inter-bank market, between 2005 and 2007, to balance the leu exchange rate, central bank governor Mugur Isarescu said Friday.

Romania’s Ctrl Bk Set To Ease Monetary Policy Next Wk – Analysts

The National Bank of Romania, or BNR, will decide on Wednesday to ease the monetary policy, analysts said, most of them betting on a key rate cut.

Romanian Bks Close For Winter Holidays, Units In Malls Open Shorter Hrs

Most bank units in Romania will be closed on December 25 and 26, and on January 1-3, 2009, and only those located in shopping centers will be open and function on a special schedule.

Four Romanians, Three Bulgarians Arrested For Bank Fraud In Greece

Four Romanians and three Bulgarians were arrested in Greece, as they were carrying a large number of fake credit cards, clones of original ones, copied by "skimming." They were active in England and in Athens, Ana-mpa.gr informed.

Ctrl Bk May Authorize New Bk With Romanian Cap

The National Bank of Romania, or BNR, is currently analyzing the authorization of a new bank, with Romanian private capital, the central bank’s Supervision Department director Nicolae Cinteza said Friday.

Romanian Money Mkt Rates At 17.81%, In Line With Ctrl Bk Norms

Romanian banks have published on Thursday money market rates of 17.8% on the year for all maturities, in line with the central bank’s maximum accepted level for ROBOR rates set on October 23, dealers said.

Ctrl Bker: Romania Does Not Need IMF Financing

Romanian central bank's deputy governor Cristian Popa said Tuesday that Romania does not need a financing from the International Monetary Fund, or IMF, and that the country does not face financial problems.

Romanian Ctrl Bk Invites NBFIs For Talks On Access To Risk DBs

Romanian non-banking financial institutions (NBFI) are invited to the central bank sometime next month for talks on the regulation of access to information supplied by the Bank Risk Central, said Thursday the head of the financial activity and NBFI service within the central bank, Angela Dimonu.

Romanian Ctrl Bker: Mkt Worries Cause Lending Slowdown, Not Ctrl Bk Rules

The lending slowdown in the last period was caused by the uncertainties on the local and international financial market, not by the central bank’s new regulations regarding household lending, Romania’s central bank governor Mugur Isarescu told a press conference Monday.

Romanian Pres to Meet With Ctrl Bk Governor Friday, 11:00 Local Time – Ctrl Bk

Romanian president Traian Basescu will meet Friday morning, at the central bank headquarters, with central bank governor Mugur Isarescu, the members of the central bank managing board and the presidents of commercial banks, in order to discuss the conclusions of the European Council.

Ctrl Bk Governor Urges Romanians To Save In Local Currency

Romanian central bank governor Mugur Isarescu advices Romanians to spend less and save in local currency, as the drop in US savings has sparkled the problems which caused the recent turmoil in the international financial market.

Romania’s Ctrl Bk Ups Rates By 25 Bps To 10.25%

Romania’s central bank decided in Thursady board session to raise the key monetary policy rate by 25 basis points to 10.25%, in its seventh consecutive hike since October last year.

Erste CEO Welcomes Romanian Ctrl Bk New Household Lending Rules

The new regulations on household lending proposed by the Romanian central bank are welcome, since there are banks in Romania that act in “an almost reckless” fashion chasing bigger market shares, Erste Bank CEO Andreas Treichl said Wednesday.

Bk Salaries See Faster Growth Than Productivity – Piraeus Bk Off

The salaries in banking sector grew faster than productivity, on the backdrop of job market competition, Piraeus Bank general manager, Catalin Parvu, said Tuesday during a seminar on banking issues.

Romania To Have Cell, Tissue Bank In Autumn

A tissue and cell bank could become operational this fall in Romania’s central city of Targu Mures, Ovidiu Butuc, manager of the local emergency hospital, told a news conference Monday.