Ioana Petrescu to be appointed EIB Vice-President, will earn EUR 20,000 per month

ioana petrescu

Former Minister of Finance, Ioana Petrescu, will replace Mihai Tanasescu as Vice-President of the European Investment Bank (EIB), digi24.ro reports. Romania sent the proposal that Ioana Petrescu should be our country’s representative to the institution, after the Prime Minister discussed ...

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Romanian banking system has 18 pc solvency ratio, one of region’s highest – ARB representative says


The Romanian banking system has an 18 percent solvency ratio, being one of the highest in the region, and for the first time in 2015, there is an increase in the non-governmental loan, Romanian Banking Association (ARB) Board Chairman and ...

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Loans and deposits, in slight advance in September. Non-government loans grew by 0.2 pc after nine months


At end-September, non-government loans granted by credit institutions edged up 0.2 percent (0.0 percent in real terms) from August 2015 to RON 214,330.7 million. According to National Bank of Romania (BNR) data, the RON-denominated loans climbed by 2.2 percent (1.9 ...

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Romania does not plan to issue other foreign debt this year


For this year, Romania does not plan to issue any more foreign debt, Stefan Nanu, the Finance Ministry’s treasury chief said on Thursday after the government raised EUR 2 billion in 10- and 20-year Eurobonds this week. “The budget currently ...

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EC refers six Member States, Romania included, to the European Court of Justice for failing to transpose EU rules on Bank Recovery and Resolution


The European Commission has decided to refer the Czech Republic, Luxembourg, the Netherlands, Poland, Romania and Sweden to the Court of Justice of the European Union (the Court) for failing to implement the Bank Recovery and Resolution Directive (BRRD), a ...

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Bank assets in Romania reach 60 pc of GDP, the figure is 360 pc in Europe – ARB official says

florin danescu

Bank assets in Romania reach 60% of GDP, and the figure is 360% in Europe, said on Wednesday Florin Danescu, Executive Chairman of the Romanian Banking Association (ARB) during a conference. “We’re interested in taking over the European experience to ...

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BNR Governor meets EU ambassadors. Tax cuts, salary increases might lead to higher structural deficit, Isarescu says


Central Bank Governor Mugur Isarescu met the EU ambassadors on Monday and spoke about the evolution of the local economy, informs hotnews.ro. Here are the main messages sent by the BNR governor: – 2015 is the fifth consecutive year of ...

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A first in Romania – money transfers from abroad at ATM. Western Union, MasterCard and Banca Transilvania are involved


Transfering money quickly and safely becomes an extremely easy alternative. Thus, Western Union,MasterCard and Banca Transilvania launched today in Romania a new service of receiving money from ATMs. According to companies’ officials, this is a first on the domestic market. ...

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International Investment Bank bonds issue debuted on Romanian capital market


The bonds issued by International Investment Bank (IIB) debuted on Thursday on the Bucharest Stock Exchange (BVB). The total value of the issuance is RON 111 million (EUR 25 million), a press release informs. “(…) The IIB project proved to ...

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