isarescu

Economic Growth Needs Stable Prices – Central Bank Governor

19:36, 05 Sept. 2011
Romanian central bank governor Mugur Isarescu on Monday said that growth cannot be achieved merely by using more money, and economic growth requires stable prices.

Romania Central Bank Sees Rising Capital Inflows On Medium-Term

14:45, 25 Mai 2011
Romania is likely to begin a new economic cycle, when massive capital inflows could trigger a higher volatility of the exchange rate, central bank governor Mugur Isarescu said Wednesday.

Romania Ctrl Bk Head: Pension Cuts Preferable To VAT Rate Increase

13:55, 25 Mai 2011
Lowering pensions would have been a better fiscal measure than increasing the value added tax rate and Romania would have emerged from recession sooner, central bank governor Mugur Isarescu said Wednesday.

Romania Ctrl Bk: There’s No Predetermined Economic Growth Model

13:32, 25 Mai 2011
The economic growth model is not predetermined, but is based on the decisions of private investors and on macroeconomic policies, Romanian central bank governor Mugur Isarescu said Wednesday.

Romania Ctrl Bk: Stable Exchange Rate Preferable On Long Run

18:14, 05 Mai 2011
Romanian central bank targets a stable exchange rate of the leu versus the euro, even if a stronger leu would help the disinflation process on the short term, central bank governor Mugur Isarescu said Thursday.

Romania Ctrl Bk: Fuel Price Freeze Detrimental In Long Run

15:20, 05 Mai 2011
A price freeze on fuels would be detrimental to Romania in the long run, central bank governor Mugur Isarescu said Thursday.

Romanian Food Prices Rise At 2nd Fastest Pace In Region – Ctrl Bk Head

13:51, 05 Mai 2011
Romanian food prices are growing at the second-fastest pace in the region, after Bulgaria, central bank governor Mugur Isarescu said Thursday, adding that the prices’ weight in the consumption basket remains an unresolved issue.

Romania Ctrl Bk Head: Leu’s Appreciation Helped Mitigate Large Shocks

13:02, 05 Mai 2011
Romanian leu’s nominal appreciation against the US dollar has dampened import prices and helped mitigate larger shocks, particularly in the fuels market, central bank governor Mugur Isarescu said Thursday.

Romania Ctrl Bk Readies Measures To Discourage FX Household Lending

13:09, 07 Apr. 2011
The Romanian central bank is preparing a set of measures to discourage foreign currency borrowing among people who get their paychecks in lei, central bank governor Mugur Isarescu said in an interview.

Romania Ctrl Bker Says 2009/2010 Inflation Fiscal In Nature; Pressures Remain

12:38, 07 Apr. 2011
Romania’s high inflation over the past two years was induced by fiscal imbalances and upward pressures will persist as long as the relation between taxpayers and beneficiaries of social security programs remains profoundly uneven, central bank governor Mugur Isarescu said.

Cristian Hostiuc de la Ziarul Financiar: 13 mai, ziua în care se decide viitorul lui Băsescu, Boc, Isărescu

13:12, 28 Mart. 2011
Nu-mi amintesc ca în ultimii 20 de ani nişte rezultate economice, nişte cifre seci şi reci să fie aşteptate cu o asemenea înfrigurare şi teamă ca evoluţia economiei (PIB) din trimestrul I. De la preşedinte, premier, FMI, politicieni, analişti interni şi externi, bancheri, directori până la toată media, toţi vor sta cu ochii pe Institutul Naţional de Statistică, care pe 13 mai, ora 9.00 va da verdictul: am înregistrat sau nu creştere economică în primele trei luni ale anului faţă de trimestrul IV 2010.

Romania Needs Coherent Policies, Reforms To Join Eurozone Around 2015 – Ctrl Bk

09:36, 11 Mart. 2011
Romania needs coherent fiscal and economic policies and continued reforms if it wants to adopt the European common currency sometime near the 2015 horizon, central bank governor Mugur Isarescu said Thursday.

Romanian Economy Ready To Start Anew – Ctrl Bk Head

12:59, 09 Mart. 2011
Romanian economy is ready to enter a new growth cycle, after more than two years of recession, but the authorities must take things “slowly” to avoid a possible relapse, central bank governor Mugur Isarescu said Wednesday.

Romania Ctrl Bk Needs Lower Oil Prices To Meet Inflation Target

12:10, 09 Mart. 2011
Romania’s central bank is not confident the inflation will enter the target interval too soon, but it counts on a decrease in crude oil prices, governor Mugur Isarescu said Wednesday.

Romania Ctrl Bker Says Currency Fluctuations Up To 4% Neglectable

20:51, 04 Mart. 2011
Fluctuations of 3% to 4% in the leu’s exchange rate are neglectable and should have minimum impact on prices, central bank governor Mugur Isarescu said Friday.

Isărescu: ARB trebuie să explice cum funcţionează băncile, că nu sunt firme de binefacere, ci afaceri

12:38, 09 Feb. 2011
Asociaţia Română a Băncilor (ARB), nu numai BNR, trebuie să explice cum funcţionează băncile, respectiv că nu sunt societăţi de binefacere, ci afaceri, diferenţa dintre cele două noţiuni nefiind cunoscută în România, a declarat guvernatorul băncii centrale, Mugur Isărescu.

Romania Ctrl Bk Not To Access New IMF Cash Unless Reserves Depleted

15:58, 07 Feb. 2011
Romania will not draw any funds from its new loan agreement with the International Monetary Fund and the EU unless the region faces a major crisis and the central bank has to dig into its reserves to protect the leu from speculative attacks, central bank governor Mugur Isarescu said Monday.

Romania Ctrl Bk Not To Access New IMF Cash Unless Reserves Depleted

15:53, 07 Feb. 2011
Romania will not draw any funds from its new loan agreement with the International Monetary Fund and the EU unless the region faces a major crisis and the central bank has to dig into its reserves to protect the leu from speculative attacks, central bank governor Mugur Isarescu said Monday.

Romanian Ctrl Bank Says Consumer Prices Exposed To Outside Pressure

14:42, 07 Feb. 2011
Romanian consumer prices are exposed to upward pressure from international food and oil prices, central bank governor Mugur Isarescu said Monday.

Romania, IMF Set Terms Of EUR5B Follow-up Deal – Ctrl Bk

12:35, 07 Feb. 2011
Romanian authorities have reached an agreement with the International Monetary Fund and the European Commission regarding the terms of a new EUR5 billion credit line, central bank governor Mugur Isarescu said Monday.

Romania Ctrl Bk Gov: New IMF Deal To Ensure Reform Continuity

17:22, 25 Ian. 2011
Romania’s planned follow-up agreement with the International Monetary Fund represents a keystone for the country’s structural reforms and its main objective will be ensuring the continuity of the process, central bank governor Mugur Isarescu said Monday.

Romania’s EU Fund Absorption This Yr Unlikely To Exceed 2009 Level – Ctrl Bker

15:12, 30 Nov. 2010
Romania’s European fund absorption in 2010 will be lower than the level registered last year, only exceeding it in agriculture, central bank governor Mugur Isarescu said Tuesday.

Bucharest Bourse Should Focus On Financing Cos – Ctrl Bk Head

13:06, 25 Nov. 2010
The Bucharest bourse needs to focus on its primary function, namely providing an alternative means of financing for Romanian companies, which would enable it to become a barometer of the real economy, central bank governor Mugur Isarescu said Tuesday.

Romanian Ctrl Bank Governor Says Arrears Worse Than Large Deficits

14:34, 13 Nov. 2010
Arrears are one of the reasons why Romania is in recession and has a high inflation rate and the chain of overdue payments is more dangerous than large deficits, central bank governor Mugur Isarescu said Saturday.

Romania’s Economy Unlikely To Grow In 2011 Unless Govt Boosts Public Investments – Ctrl Bk Gov

13:45, 07 Nov. 2010
Romania’s central bank governor Mugur Isarescu told Pro TV in an interview Sunday that the country’s economy is unlikely to grow in 2011 unless the Government allots more money for actual, not statistic investments, considering that it is more difficult for the private sector to get back on track.

Romanians To See Improved Living Standards In ’12 – Ctrl Bk Gov

16:49, 05 Nov. 2010
Romanians will notice an improvement in their living standards in 2012, even thought the economy could start recovering in 2011, said Friday central bank governor Mugur Isarescu.

Romania Central Bank Says Consumer Credit Growth Limited

16:22, 04 Nov. 2010
Romanian central bank governor Mugur Isarescu Thursday said local bankers shouldn’t have illusions about being able to resume consumer lending at pre-crisis levels, adding that the banks should focus on corporate loans instead.

Romania May Delay Euro Adoption If Fiscal Consolidation Unsuccessful – Ctrl Bk

12:55, 04 Nov. 2010
Romania should be ready to postpone the target for euro adoption if the government’s fiscal consolidation measures don’t receive social support over the next months, central bank governor Mugur Isarescu said Thursday.

Romanian Ctrl Bk Head: Higher Tobacco Taxes To Fuel Black Market

12:40, 04 Nov. 2010
Romanian central bank governor Mugur Isarescu Thursday said a new increase of the tobacco excise duty would put additional inflationary pressure and would fuel cigarette smuggling.

Romanian Ctrl Bank Head Says Puzzled By Local Fuel Price Evolution

12:17, 04 Nov. 2010
Romanian fuel prices are not linked to the evolution of the main factors that are supposed to influence their trajectory, central bank governor Mugur Isarescu said Thursday.

Romania Central Bank Raises 2011 CPI Forecast To 3.4%

12:02, 04 Nov. 2010
Romania's central bank has revised upward its forecast on the 2011 annual inflation to 3.4% from 3.1% previously, central bank governor Mugur Isarescu said Thursday.

Romania Ctrl Bk: High Borrowing Costs Reflect Inconsistent Economic Policies

16:40, 27 Oct. 2010
Romania pays high interests to borrow from international markets because of inconsistent economic policies and of the negative image sent abroad, central bank governor Mugur Isarescu said Wednesday.

Romania Ctrl Bank Head: FX Interventions Used To Balance Treasury Shortage

13:09, 06 Oct. 2010
Romanian central bank has to use its forex reserves to manage liquidity on the interbank market as the market lacks the adequate treasury issues, central bank governor Mugur Isarescu said Wednesday.

Romania Ctrl Bk Chief Says Euro Adoption Target Needs Reexamination

13:49, 06 Aug. 2010
Romania's central bank must reexamine its self-imposed target for euro adoption as of January 2015 to see if the deadline is still feasible, central bank governor Mugur Isarescu said Friday.

Romania Ctrl Bk: Govt Spoke Too Soon About Public Sector Pay Hikes

12:37, 06 Aug. 2010
Romanian authorities spoke too soon when they said public wages might increase by 10% on average in 2011, because there can be no pay raises without a reshuffling of the sector, central bank governor Mugur Isarescu said Friday.

Romania Ctrl Bank Sees CPI Up By 3% After VAT Increase

12:03, 06 Aug. 2010
The Romanian Government’s recent move to raise the value added tax level by five percentage points will likely trigger a 3% increase in consumer prices, central bank governor Mugur Isarescu said Friday.

Romania Ctrl Bk Raises 2011 Inflation Forecast To 3.1%

11:53, 06 Aug. 2010
Romania's central bank revised upward its inflation forecast for 2011 to 3.1% from the previous 2.8%, central bank governor Mugur Isarescu said Friday.

Romania Ctrl Bk: Correcting Structural Deficits Visibly More Difficult

12:58, 21 Iul. 2010
Financing Romania’s structural deficits has become more difficult and the resulting imbalances may lead to social unrest, central bank governor Mugur Isarescu said Wednesday.

Află aici ce au discutat luni Isărescu şi bancherii

13:51, 20 Iul. 2010
Guvernatorul BNR, Mugur Isărescu, şi şefii mai multor bănci au discutat luni seara despre nivelul optim al expunerilor marilor grupuri străine în România şi evoluţiile macroeconomice recente, au declarat pentru MEDIAFAX surse participante la întâlnire.

Romania Ctrl Bk: Leu’s Weakening Mirrors Econ Fundamentals

15:13, 15 Iul. 2010
The Romanian leu’s recent depreciation against the euro “pretty much” reflects the current macroeconomic fundamentals, central bank governor Mugur Isarescu said Thursday.