Home / Search Results for: eugen radulescu

Search Results for: eugen radulescu

Romanian bankers about Greece. Eugen Radulescu: Chaos will be complete. Daniel Daianu: Another debt restructuring is needed

“What is happening in Greece is very irrational, so it is difficult to find a rational answer. Any solution will be very difficult and painful. Unfortunately, what happened in Greece for 5 years was too little, too late. Creditors were ...

Read More »

BNR’s Radulescu: Over 100,000 companies in Romania have negative capital account, no sales and no employees

There are 100,100 firms in Romania with three atypical characteristics: they have negative capital account, have no sales and no employees and with total debts of RON 65.4 billion, Eugen Radulescu, Director of Financial Stability Department within National Bank of ...

Read More »

Eugen Tomac elected PMP chairman

Deputy Eugen Tomac was voted on Sunday at the Congress of the People’s Movement Party (PMP) to be the party’s chairman, while Dorel Onaca was elected secretary-general. The 700 delegates present on Sunday at the Parliament Palace, where the PMP ...

Read More »

Commercial banks cannot loan more money to the state, BNR official says

Romania has no more room to increase the debt by accumulating budget deficits, given that the maximum level that the local economy can sustain is 40-45% of GDP at the most. The local banking system, the largest financier of the ...

Read More »

Economic tensions and over-indebtedness of the population – risks to financial stability

The macro-economic tensions which surfaced given the GDP growth over its potential and the over-indebtedness of the population, as interest rates are expected to be increased, are the main risk factors, the National Bank of Romania ‘Report on Financial Stability’, ...

Read More »

BNR official: Romania, the lowest level of financial intermediation in EU

  Romania is the country with the lowest level of financial intermediation in the European Union – 50 percent of GDP, while the European average is over 200 percent, Eugen Radulescu, Director of Financial Stability Department within National Bank of ...

Read More »

ROBOR at 3 months up by 8.2pc to 1.71pc per annum

The Romanian Interbank Offered Rate (ROBOR) has continued to grow on Monday, which will lead to higher credit in the national currency, and the National Bank of Romania (BNR) has announced on Monday the level of 1.71% per annum, up ...

Read More »

4,000 persons have asked to give their house under debt discharge law

4,000 persons announced the banks that they want to give up their house keys under the law on debt discharge so far, Eugen Radulescu, Director of Financial Stability Department within National Bank of Romania (BNR) said in a press conference ...

Read More »