central bank

Romanian July Forex Reserves Fall Slightly To EUR31.6B

14:12, 02 Aug. 2010
Romanian foreign exchange reserves nudged down EUR47 million on the month to EUR31.58 billion in July, central bank data showed Monday.

EU Warns 25% Pay Cut At Romania Ctrl Bank Breaches Treaty – Sources

13:45, 22 Iul. 2010
The European Commission warned it might initiate infringement proceedings against Romania unless the government renounces a 25% pay cut for central bank staff, people familiar with the matter said Thursday.

IMF Loan May Have Saved Romania From Default – Ctrl Bker

14:22, 21 Iul. 2010
Romania’s economic growth can’t be sustained without foreign capital and the country would have entered into default if not for the EUR20 billion aid package led by the International Monetary Fund, a central bank official said Wednesday.

Romania Jan-May FDI Fall 32% To EUR1.43B

11:06, 13 Iul. 2010
Foreign direct investment, or FDI, in Romania fell to EUR1.43 billion in the first five months, from EUR2.1 billion in the year-earlier period, the central bank said Tuesday.

Romania Jan-May Current Account Gap Widens 46% To EUR2.9B

11:02, 13 Iul. 2010
Romania's current account deficit widened 45.7% to EUR2.87 billion in January to May, from EUR1.97 billion in the same period a year earlier, largely due to the decreasing surplus in the current transfers balance, the central bank said in a statement Tuesday.

Romanian Ctrl Bank Move Depends On Insider Trade Case Ruling

14:36, 12 Iul. 2010
The central bank will not act against the four bankers involved in an insider trading case until the court issues a ruling, central bank official Adrian Vasilescu told MEDIAFAX.

Romania 2010 CPI Forecast Leaves Out Psychological Impact – Ctrl Bker

14:44, 08 Iul. 2010
Romania’s latest forecast on the 2010 inflation, which sees the rate accelerating to 8% by year-end in response to a five percentage points increase in the sales tax, failed to factor in the psychological impact on the population, a central bank official said Thursday.

Romania Ctrl Bank Sees Inflation Up By 4 Pps After Sales Tax Hike

13:10, 05 Iul. 2010
Romanian central bank estimates the recent increase in the value added tax rate will drive inflation up by three to four percentage points over the next period, deputy governor Cristian Popa said Monday.

Romania Avg Bank Rate On New Loans Rises To 11.69% In May

16:00, 01 Iul. 2010
Romanian average banking interest on new loans in national currency leu rose by over 0.5 percentage points to 11.69% in May, due to increased rates for new corporate lending, central bank data showed Thursday.

Romanian June Forex Reserves Fall To EUR31.63B

13:36, 01 Iul. 2010
Romanian foreign exchange reserves fell EUR362 million in June to EUR31.627 billion, central bank data showed Thursday.

Romania Ctrl Bank Leaves Key Rate Unchanged At 6.25%

13:11, 30 Iun. 2010
Romania’s central bank Tuesday kept its key rate unchanged at 6.25%, as expected, while the minimum requirements were maintained at 15% for Romanian leu-denominated liabilities and at 25% for hard-currency liabilities.

VAT Hike To Be Directly Felt By Population – Romanian Central Bank

16:51, 26 Iun. 2010
Increasing VAT in Romania will affect the rate of inflation, which could reach 10% in the next few months, as suppliers and distributors will transfer most of the tax directly to the end-price, said Lucian Croitoru, advisor to the governor of the National Bank of Romania.

Romania Ctrl Bk: Tax Hikes Not Enough To Reduce Deficit

17:12, 25 Iun. 2010
Romanian economy may temporarily benefit from raised taxes, but such a measure will be insufficient to reduce the budget deficit to 6.8% of the gross domestic product, a central bank official said Friday.

Romanian Govt, Central Bank To Discuss Economic Relaunch Measures Next Monday

15:17, 21 Iun. 2010
Romania’s Government will meet with central bank official next week on Monday to analyze a plan of measures aiming to restart the economy, Environment Minister Laszlo Borbely told a news conference Monday.

Romania Jan-Apr FDI Fall 36% To EUR1.1B

10:52, 16 Iun. 2010
Romanian foreign direct investments, or FDI, fell to EUR1.135 billion in the first four months, from EUR1.8 billion in the year-earlier period, the central bank said Wednesday.

Romania Jan-Apr Current Account Gap Widens 40% To EUR2B

10:49, 16 Iun. 2010
Romania's current account deficit widened 40.3% to EUR2.06 billion in January to April, from EUR1.47 billion in the same period a year earlier, due to the decreasing surplus in the current transfers balance, the central bank said in a statement Wednesday.

Romanian Ctrl Bank Lombard Lending At RON1.86B In May

13:27, 08 Iun. 2010
Romanian lenders borrowed 1.86 billion lei (EUR1=RON4.2311) from the central bank through the Lombard facility in May, central bank data showed Tuesday.

Romania 30-Day Overdue Household Loans Up 40% YY In Jan-April

13:00, 08 Iun. 2010
Romanian household payments overdue by more than 30 days for loans worth at least 20,000 lei (EUR1=RON4.281) rose by 40.4% on the year to RON3.98 billion in the first four months, central bank data showed Tuesday.

Romanian May Forex Reserves Fall To EUR32B

13:57, 01 Iun. 2010
Romanian foreign exchange reserves fell EUR397 million in May to a EUR31.989 billion, central bank data showed Tuesday.

Romanian Ctrl Bker: Wage Cuts, The Lesser Of Two Evils

16:05, 21 Mai 2010
Romania’s worst case scenario would be to fail at cutting pensions and wages, seen as the lesser of two evils, and to need an increase in the value added tax level, an adviser to the local central bank’s governor said Friday.

Romanian Ctrl Bker Warns Govt Plan Will Delay Switch To Private Pension System

13:17, 19 Mai 2010
Lowering Romanians’ contributions to mandatory private pension funds will slow down even more the country’s efforts to switch to a private pension system from a public one, said Wednesday Lucian Croitoru, adviser to the central bank governor.

Romania Central Bank 2009 Tax On Profit Exceeds EUR300M

13:05, 19 Mai 2010
Romanian central bank paid a tax on profit of over EUR300 million in 2009, equal to 80% of the total earnings, a central bank official said Wednesday.

Romania 1Q Current Account Gap Widens 65.5% To EUR1.5B

11:12, 17 Mai 2010
Romania's current account deficit widened 65.5% to EUR1.5 billion in January-March, from EUR910 million in the same period a year earlier, due to the decreasing surplus in the current transfers balance, the central bank said in a statement Monday.

Romania Ctrl Bank Ups 2010 Inflation Forecast To 3.7%

11:39, 06 Mai 2010
Romania's central bank revised upward its forecast on the annual inflation to 3.7% at the end of 2010, from 3.5% previously estimated, according to data presented Thursday by governor Mugur Isarescu.

Romania Ctrl Bank Cuts Key Rate To Record-Low 6.25%

12:05, 04 Mai 2010
Romania’s central bank Tuesday cut its key monetary policy rate by 25 basis points to a new record low of 6.25%, leaving the minimum reserve requirements unchanged.

Romanian Banks Swing To 1Q Combined Net Profit Vs Year-Ago Loss

13:11, 03 Mai 2010
Romanian banks switched to a combined net profit of EUR100 million in the first quarter, from a total loss of EUR50 million in the year-earlier quarter, central bank data showed Monday.

Romania Ctrl Bk Head: Curr Acct Gap Could Widen To 6% Of GDP In ’10

16:25, 15 Apr. 2010
Romania should consider a current account deficit of around 6% of the gross domestic product in 2010, due to the level of structural funds the country plans to attract this year, central bank governor Mugur Isarescu said Thursday.

Romania Must Be Fully Prepared To Join The Eurozone – Ctrl Bk

16:24, 15 Apr. 2010
A slight delay in joining the euro area would be less harmful than moving to adopt the euro before being fully prepared, Romanian central bank governor Mugur Isarescu said Thursday.

Romania Jan-Feb FDI Plunges 64.8% YY To EUR466M

10:58, 13 Apr. 2010
Romanian foreign direct investment, or FDI, fell 64.8% on the year to EUR466 million in January-February, from EUR1.32 billion in the same period a year earlier, the central bank said Tuesday.

Romania Jan-Feb Curr Acct Gap Widens 64.3% To EUR754M

10:50, 13 Apr. 2010
Romania's current account deficit widened 64.3% to EUR754 million in January-February, from EUR459 million the year-earlier period, due to the falling surplus in the current transfers balance, the central bank said in a statement Tuesday.

Romanian Lenders May Need Ctrl Bk Sanction To File For Insolvency

18:22, 08 Apr. 2010
Romania’s central bank will be able to dismiss insolvency requests of credit institutions if it finds no merits to the claims, according to a government bill aimed to improve insolvency legislation.

Romanian March Forex Reserves Hit Record High Of EUR32B

12:43, 01 Apr. 2010
Romania's foreign exchange reserves rose EUR2.3 billion in March to a record EUR32.03 billion, fueled by inflows from the European Union and a five-year Eurobond issue.

Romanian Economy Likely To Post Modest Growth In Q1 – Ctrl Bker

14:05, 31 Mart. 2010
Romanian economy is likely to post a meager growth in the first quarter, driven by growing exports and positive results in the manufacturing industry, a central bank official said Wednesday.

Romania Ctrl Bk Cuts Key Rate By 50 Bps To An All-time Low Of 6.5%

11:34, 29 Mart. 2010
Romania's central bank on Monday decided to cut its key monetary policy rate by 50 basis points to 6.5%, the lowest level ever recorded.

Romania Ctrl Bank Says Falling Inflation Good Reason To Cut Rates

18:47, 26 Mart. 2010
A falling inflation is a good reason to cut the key rate, central bank governor Mugur Isarescu said in a banking seminar Friday, a few days ahead of the bank’s monetary policy meeting due March 29.

Romania Ctrl Bk Likely To Cut Rate Again Monday – Poll

13:35, 26 Mart. 2010
Romania's central bank is likely to cut its key monetary policy rate by another 50 basis points on March 29, economists said Friday, citing concern about low consumption and the leu’s rapid strengthening against the euro.

Romania Feb Overdue Loans Up 5.3% MM To RON9.24B

13:11, 24 Mart. 2010
Romanian overdue non-government loans rose 5.34% on the month to 9.24 billion lei (EUR1=RON4.0716) in February, central bank data showed Wednesday.

Romania Feb Private Lending Falls 8% YY To RON199.2B

12:29, 23 Mart. 2010
Romanian private lending fell 7.9% in real terms to 199.16 billion lei (EUR1=RON4.0888) in February from the same month a year before, central bank data showed Tuesday.

Romania Jan Curr Acct Gap Narrows 73.2% To EUR123M

13:08, 12 Mart. 2010
Romania's January current account deficit narrowed 73.2% to EUR123 million, from EUR459 million the year-earlier month, due mainly to the falling trade deficit, the central bank said in a statement Friday.

Romania January Late Pays On Euro Household Loans Top RON1B

14:12, 05 Mart. 2010
Romanian household payments for euro-denominated loans overdue by more than 30 days rose 17.8% on the month to 1.024 billion lei (EUR1=RON4.0923) in January, central bank data showed.