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Grexit may endanger Romanian economy. BNR spokesman assures – Greek banks on local market will not be affected

grexit[1]

A messy exit from the currency union could endanger the former-Communist countries bordering Greece and this includes also Romania. As doubts mount over Greece’s future in the euro zone, Capital Economics said that the so-called frontier markets – countries that ...

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Raiffeisen Bank gets another EUR 50 M from EIF to lend SMEs

EIF Logo basic (RGB)

The European Investment Fund (EIF) and Raiffeisen Bank have signed a supplementation of the resources available under the JEREMIE (Joint European Resources for Micro to Medium Enterprises) initiative, through which the financial institution will grant loans worth EUR 50 million, a ...

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BNR: Banks having Austrian, French and Greek capital dominate the Romanian banking market. The share of public debt in GDP should fall

BNR

Credit institutions with majority foreign ownership dominate the Romanian banking market, with over 90% of gross banking assets recorded at the end of December 2014, the annual report of the National Bank of Romania for 2014 reads. “The size of ...

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BNR’s operational profit – RON 1.27 bn in 2014

reserves

The National Bank of Romania has recorded in 2014 operational profit of RON 1.27 billion, following an operational loss of RON 224.1 million in 2013, says the annual report of the central bank. “A significant contribution to the operating result ...

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S&P warns Romania on rating downgrade due to Greece’s risks

grecia

Standard and Poor’s (S&P) warned on Wednesday it might downgrade the credit ratings of countries in Southeast Europe, including Romania, along with Bulgaria, Macedonia, Albania and Serbia, if the troubles of Greece spill over into their banking systems. Greek banks ...

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Romania must repay almost EUR 54 M to EU, WB by year-end

eu wb

Romania has to pay this year EUR 53.9 million to the World Bank (WB) and the European Union (EU) as part of the stand-by loan contracted in 2009, according to the Ministry of Public Finance (MFP) data, Agerpres informs. Of ...

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BNR’s Isarescu: Romania’s macroeconomic balance has been restored. Concern remains on speculative capital flows

is-bnr

At an economic growth rate that tends to reach 4 percent, central bank’s concern is rather the speculative capital flows. “(…) We have come a long way since the beginning of the crisis. Probably the most synthetic assessment of the ...

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