financial stability

The National Bank of Romania (BNR) will complete this year two issues – related to price stability and to financial stability, Governor Mugur Isarescu has said on Monday when presenting the report on financial stability. He added that most…

Potential new risks to financial stability arise from the high exposure of banks to the Romanian sovereign and to the real estate sector, banks’ funding in foreign exchange (FX), and the fast growth of non-bank financial lenders,…

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…

The wage increases are inevitable, yet the movement of the workforce enhances them – National Bank Governor Mugur Isarescu said on Wednesday. “Several quarters ago I presented the index on tensioning the labour force market. Now things…

Since 2009, Romania pursued a significant fiscal consolidation which led to achieving its medium-term objective in 2014 and 2015. However, the authorities are pursuing an expansionary fiscal policy that led to a substantial departure from…

The domestic hazards on inflation are related to the post-electoral developments and, especially, to the budget for 2017, which is uncertain for the moment; the governing programme leads to a budgetary construction full of novelties,…

The laws on debt discharge and conversion of foreign currency loans in lei represent decreasing risks for the financial stability, Liviu Voinea, deputy governor of the National Bank of Romania (BNR) said on Tuesday, presenting central…

The draft law that allows a person who borrowed from the bank and can not pay the debt, to pass the mortgaged property into bank’s ownership, was adopted on Wednesday by the Chamber of Deputies, which is the decisional chamber of…

The law establishing the National Committee for Macroprudential Supervision was rejected by the Romanian Senate, the first decisional chamber, on November 10, Adrian Vasilescu, advisor to the governor of the National Bank of Romania (BNR)…

Preserving financial stability is not ‘nonsense’ because without it the market economy cannot function properly and efficiently, while fiscal easing is a ‘hoax’, as it reduces taxes on one side and it charges through inflation, depreciation…