BNR’s Isarescu: Today’s legislative innovations are extremely dangerous


Romania needs an entrepreneurial culture improvement, as demonstrated by the large number of companies that constantly record losses and by the extremely dangerous “legislative innovations” which are currently under discussion, central bank Governor Mugur Isarescu stated on Wednesday during the ‘Diaspora ...

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Law on debt discharge: Senators rejected BNR’s amendments


Senators from Budget- Finance Commission rejected on Tuesday the central bank’s proposals for amending the draft law on debt discharge. National Bank of Romania (BNR) has proposed a limit of EUR 150,000 of the loan guaranteed by mortgage on a ...

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Romania’s FDI in 2015, at the highest level in the last 6 years


At the end of 2015, the balance-of-payments current account posted a deficit of EUR 1,758 million, up by 156 percent as compared with EUR 686 million in 2014, amid the widening of the primary income and goods deficits (by EUR ...

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Which is the most powerful institution for the domestic business environment in BNR official’s view?


Romania’s competition regulator could be an inhibiting factor, after becoming a too strong institution for domestic business environment, Adrian Vasilescu, advisor to the governor of the National Bank of Romania (BNR) said on Thursday during a press conference. „It worries ...

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Huge profit for BRD in 2015, after reducing the risk cost, reaching to RON 467 M


At end-2015, BRD-Groupe Société Générale, the second bank in Romania considering the total assets’ volume, posted net profit of RON 467 million in 2015, compared to RON 68 million in 2014, 6.9 times above the 2014 amount, resulting into ROE ...

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Law on debt discharge could lead the banks to invent a new product


Banks will have to invent a new product similar to that of leasing, if the law on debt discharge will be adopted, bankers said. “Look how a real estate leasing product looks and you will understand how will be or ...

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UniCredit Bank stays on profit in Romania – EUR 60.6 M last year


UniCredit Bank ended last year in Romania with a consolidated net profit of RON 269.5 million (EUR 60.6 million), significant financial good results compared to the level posted in 2014, of RON 143.8 million (EUR 32.3 million), Razvan Radu, Country ...

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The non-performing loans ratio on downward trend


The non-performing loans (NPL) ratio stood at 11.65% in November 2015, down by 0.37 percentage points against the previous month, according to the National Bank of Romania (BNR). At the end of 2014, this indicator was of 13.94%. According to ...

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