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National Bank keeps monetary policy rate at 2.50% per annum

In its meeting of April 2, 2019, the Board of the National Bank of Romania decided to keep the monetary policy rate at 2.50 percent per annum; to leave unchanged the deposit facility rate at 1.50 percent per annum and ...

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Update: Ion Tiriac, Ilie Nastase and Simona Halep reportedly sued regarding the BNR Arenas. National Bank spokesman denies

Former tennis legend Ilie Nastase claims the National Bank Governor Mugur Isarescu has sued him, Ion Tiriac and Simona Halep in regard to the BNR Arenas “Mr. Isarescu, that’s the way he runs his bank, the same way he runs ...

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The invitation addressed to BNR Governor by the Fin Min seemed an ultimatum, National Bank official says

National Bank consultant on strategy, Adrian Vasilescu, says Governor Mugur Isarescu comes out with messages every time risks are in sight and he did so also on Tuesday to draw attention on the so-called ‘tax on greed’. “This tax on ...

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National Bank officials warn: Recession is unavoidable, investments are needed

The National Bank of Romania (BNR) officials have sent a moderate warning regarding recession, saying that economic growth is automatically followed by a downturn. Currently, we are on the edge in terms of foreign deficit, we import much more than ...

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National Bank keeps the monetary policy rate at 2.50%

In its meeting on Tuesday, the Board of the National Bank of Romania (BNR) has decided to keep the monetary policy rate at 2.50 percent per annum and to leave unchanged the deposit facility rate at 1.50 percent per annum ...

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Senate to change National Bank management’s statute

The Senate has tacitly approved on Wednesday a draft bill proposed by Daniel Zamfir, regarding the statute of the National Bank of Romania (BNR) management’s statute. If the Chamber of Deputies votes the law, the BNR employees will have the ...

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Businessman Ion Tiriac to sue the National Bank over the BNR Arenas issue

Former tennis player and current businessman Ion Tiriac has announced he would sue the National Bank of Romania (BNR), as he received no answer to the petition filed with the Government in October regarding the BNR Arenas in Cotroceni neighbourhood. ...

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Update: Ion Tiriac wants to sue the National Bank for BNR Arenas, central bank claims they host professional training

Businessman Ion Tiriac, former tennis player, has said on Wednesday he will sue the National Bank for the BNR Arenas in Bucharest. He added that if a solution is not found to modernize the sports facility by the end of ...

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National Bank of Greece sells Garanta insurer in Romania to Exin

Netherlands-based Exin Financial Services has agreed to acquire 75 percent stake in Greek insurer Ethniki Hellenic General Insurance (Ethniki Insurance), the majority shareholder of the insurer Garanta in Romania, from the National Bank of Greece (NBG) for EUR 718 million. ...

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National Bank approves the merger between Banca Comerciala Carpatica and Patria Bank

The National Bank of Romania (BNR) has issued a preliminary approval on the merger between Banca Comerciala Carpatica and Patria Bank, allowing the start of completing the final formalities of beginning the registration of the new bank and the commencement ...

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