isarescu

Ctrl Bker: 99.2% Of Romanian Bank Deposits Below EUR20,000 Guarantee Threshold

17:35, 13 Oct. 2008
Central bank governor Mugur Isarescu said Monday that 99.2% of Romanian bank deposits are below EUR20,000, adding that an increase in minimum deposit guarantee was not necessary, but the authorities are obliged to comply with the European Union norms.

Romania Could Use EU Measures To Fight Crisis, If Needed

18:41, 06 Oct. 2008
The Romanian authorities are ready to replicate the measures used by European Union, in order to counter possible shocks of the international crisis, central bank governor Mugur Isarescu said Monday.

Isărescu: BNR este pregătită să adopte măsuri pentru stabilitatea sistemului financiar

17:02, 06 Oct. 2008
BNR este pregătită să ia măsuri similare cu cele adoptate în celelalte state UE în cazul înrăutăţirii situaţiei financiare a României, inclusiv prin furnizare de lichiditate şi întărirea schemelor de garantare a depozitelor.

Romanian Labor Law Old, Rigid, Needs Amendment – Ctrl Bk Gov

13:50, 26 Sept. 2008
Romania’s central bank governor Mugur Isarescu says an amendment of the labor law is necessary, adding it is old and rigid and was created to cope with the periods when Romania had confronted a high unemployment rate.

Romania’s ’08 Budget Def To Be Kept Below 3% Of GDP – Ctrl Bker

13:32, 26 Sept. 2008
Romanian budget deficit in 2008 might be kept below 3% of the gross domestic product, or GDP, the Governor of Romanian National Bank, Mugur Isarescu said Friday, adding that he would like it to be even lower.

Romania’s Ctrl Bker: US Crisis Might Affect Euro Adoption In 2014

12:44, 26 Sept. 2008
Romanian Central Bank Governor Mugur Isarescu admits that Romania’s euro adoption in 2014 might be affected by the USA financial crisis, but says that, for the moment, it is too early to evaluate the effects of the crisis by that time.

Romanian Inflation May Slow To 6% By Yr-End – Isarescu

19:53, 23 Sept. 2008
Romanian inflation is on a downward path and might even go as low as 6% by the end of the year, central bank Governor Mugur Isarescu said at a press conference Tuesday.

Romanian Future Govt Should Avoid Econ Growth Acceleration–Ctrl Bker

13:28, 17 Sept. 2008
Romanian economy is expected to register a significant advance until entering euro zone, so future governments should avoid pressing the gas pedal for the country’s economic growth, Romanian central bank Governor Mugur Isarescu said in a press statement Wednesday.

Isărescu: Prognoza privind inflaţia anuală va fi revizuită în scădere

23:09, 11 Sept. 2008
Guvernatorul BNR, Mugur Isărescu, a lăsat joi să se înţeleagă că banca centrală va revizui în jos prognoza privind inflaţia din acest an, estimare plasată la 6,6% în prezent, ca urmare a scăderii preţului petrolului pe pieţele internaţionale.

Romania Ctrl Bker: Hard Landing Risk Of Economy Is Limited, GDP Seen Near 6% On Yr

17:48, 08 Sept. 2008
Romania’s central bank governor Mugur Isarescu said Monday in an interview there is limited risk for the “hard-landing” of the economy, and sees economic growth at around 6% over the next years

Romanian PM , Fin Min And Ctrl Bk Governor In Talks Over Budget Revision Due Wed

18:53, 14 Iul. 2008
Prime Minister Calin Popescu Tariceanu, Economy and Finance Minister Varujan Vosganian and central bank governor Mugur Isarescu held talks Monday over the second budget revision in 2008.

Romania Needs To Strengthen Efforts To Reduce Inflation – Isarescu

13:00, 24 Iun. 2008
Romania needs to strengthen its efforts to bring down inflation as this is already at a high level and there is little time left until the accession to the eurozone, central bank governor Mugur Isaresc said Tuesday.

Romanian Econ Seen Up Over 6% In ’08 If Good Farming Output – Ctrl Bk Governor

13:10, 11 Iun. 2008
Romania’s second-quarter economic growth is expected to be at around the same level as in the first three months and might exceed the initial 6% forecast at the end of the year, given a good farming output, central bank governor Mugur Isarescu said on Wednesday.

There Is No Liquidity Crisis In Romania – Ctrl Bker

19:27, 17 Apr. 2008
Romanian central bank governor Mugur Isarescu feels that Romania is not currently going through a liquidity crisis, since the minimum required reserves are high.

Romania Realty Mkt Prices Scary If Real – Ctrl Bker

14:19, 17 Apr. 2008
Romania’s central bank is talking to notaries public to get a real picture of the country’s real estate market, but if prices are real, that is reason for great concern, central bank governor Mugur Isarescu said Thursday.

Romania’s Ctrl Bk Intervened To Temper Leu’s Fluctuations – Governor

15:44, 08 Apr. 2008
Romanian central bank governor Mugur Isarescu said Tuesday in a seminarthat the central bank took measures last year to temper the leu’s sharp variations, adding the leu could have traded within a wider range.

Romanian Banks Hiked Deposit Rates Faster Than Lending Rates – Ctrl Bker

15:33, 08 Apr. 2008
Commercial banks have changed their behavior compared to recent years and increased interest rates for deposits faster than for loans after the central bank raised its monetary policy rate, central bank governor Mugur Isarescu said Tuesday.

Romania Should Cut Through Red Tape In EU Fund Absorption

14:09, 14 Mart. 2008
Romania should strive to increase European Union funds absorption, which is well below the country’s yearly contribution to the union’s budget, central bank governor Mugur Isarescu said Friday during a seminar on economic issues.

Romania Might Fail To Meet 2014 Euro Adoption Timetable – Ctrl Bkr

12:01, 26 Feb. 2008
Romania might not meet its euro-zone entry timetable, which entails euro adoption in 2014, if the country’s soaring inflation doesn’t go down to sustainable levels in 2008 and 2009, central bank governor Mugur Isarescu said Tuesday.

Romanian Leu Likely To Rebound – Ctrl Bk Governor

13:41, 22 Ian. 2008
The Romanian leu is likely to rebound after hitting a three-year low against the euro this week due to local and international jitters, central bank governor Mugur Isarescu said Tuesday.

Real Wages Must Be Sustained By The Economy – Ctrl Bker

10:23, 29 Nov. 2007
Real wages in Romania must be sustained by the bigger economic picture, and not social needs and if politicians fail to understand that, the market will correct imbalances, central bank governor Mugur Isarescu said Wednesday.

PM Has A Hard Job As It Is – Ctrl Bker

12:13, 13 Nov. 2007
Romania’s Prime Minister Calin Tariceanu will have a tough job in the upcoming election period, as he will be confronted with many demands that will have no favorable economic grounds, central bank governor Mugur Isarescu said Tuesday.