Moody’s upgrades BCR’s ratings to ‘positive’ outlook


Moody’s has today changed the outlook to positive from stable on Banca Comerciala Romana (BCR) Ba1 long-term local and foreign-currency deposit ratings. According to a press release, concurrently, the rating agency has affirmed the bank’s long-term Ba1 deposit ratings and ...

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Central bank’s forex reserves, in a slight increase in August

forex reserves

The National Bank of Romania (BNR)’s foreign exchange reserves stood at EUR 32,968 million at end-August, compared to EUR 32,659 million on July, an increase of 0.94 percent, a press release informs on Thursday. During the month, EUR 790 million ...

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BNR management’s earnings become public


The central bank management has declassified the salaries in the institution. The earnings of BNR Governor Mugul Isarescu, of the Deputy Governors and other leaders of the National Bank are posted on the institution’s website. Thus, the monthly earnings of ...

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Banca Transilvania and CEC Bank – selected to lend money to debutant entrepreneurs and to new firms


The Ministry of Economy has selected two banks to lend to debutant entrepreneurs and to the start-ups credits in order to cover the co-financing share and the initial investment according to programmes Start and SRL-Debutant, through which the state provides ...

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Raiffeisen Bank warns Romania it could notice international courts on debt discharge law


Austrian Bank Raiffeisen Bank has sent a notification to Romanian authorities, announcing it would address international courts, precisely to the Court of Arbitration of the World Bank. The bank representatives claim the debt discharge law is an infringement of the ...

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BNR’s Isarescu: Romania wasn’t ready to join the EU in 2007


Romania was not prepared to enter the European Union nine years ago, Governor of National Bank of Romania (BNR), Mugur Isarescu stated, noting that if the country had not entered at that time, this wouldn’t have happened later. “(…) I ...

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Government to replace the leadership of Eximbank and other three institutions


The government will replace the Boards of Directors (CA) of Eximbank, of the National Printing Office, of the Romanian Counter-guarantee Fund and of the National Credit Guarantee Fund for SMEs. The decision was taken during a meeting of the government ...

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Romania wants to become member of the Asian Infrastructure Investment Bank

Asian Infrastructure Investment Bank

The Ministry of Public Finance (MFP) got the Government’s approval to send a letter to the Asian Infrastructure Investment Bank (AIIB) expressing Romania’s official interest to become its member, a press release informs. The China-led development bank is seen as ...

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