In January - May 2019, the balance-of-payments current account posted a deficit of EUR 3,401 million, compared with EUR 2,564 million in January - May 2018. The deficit on trade in goods widened by EUR 1,476 million, the surplus on services…

"We see an increase in external imbalance on the background of domestic absorption beyond the economy’s potential. The over demand for consumer goods has continued to erode the current account. We see robust economic growth in mitigation…

Mugur Isărescu, appointed on Wednesday for the 7th term as Governor of the National Bank of Romania, said on Thursday that we will not have galloping inflation in Romania, and in June the inflation may fall below 4%. BNR announced on…

In its meeting of 4 July 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 the lending facility…

The Parliament, in extraordinary session, has voted on Wednesday, by majority of votes that Mugur Isarescu will remain National Bank Governor for the 7th consecutive term. Isarescu has entered the Book of Records since 2009, as the longest…

The Governor of the National Bank of Romania, Mugur Isărescu, was unanimously endorsed on Tuesday for a new term in office, at the BNR helm, by the Budget Committees of the Chamber of Deputies and the Senate. The proposed members for the…

At end- May 2019, non-government loans to non-government sector granted by credit institutions advanced by 0.4 percent (down 0.1 percent in real terms) from April 2019 to RON 257,539.8 million. RON-denominated loans went up 0.7 percent (0.3…

PSD spokesman Mihai Fifor (photo 2) admits that the social-democrat senators have concluded that they will not support Mugur Isarescu for a new term at the National Bank’s helm. The new leadership of the National Bank of Romania is to be…

The lawmakers will meet during July 1-5 in an extraordinary session for the election of the new leadership of the National Bank of Romania, but also for the appointment of the Ombudsman and the ballot on the Fiscal Council members. "We…

The main systemic risk is related to the tensioning of macroeconomic balances in Romania, with the solution being the gradual decrease of the budget deficit in order to meet the Medium Term Objective (MTO) and the speeding of structural…