NBR
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NBR rejects two CEC vice-president nominations made by ruling PD-L party
The Finance Ministry controlled by PD-L (Democratic Liberal Party) has brought CEC into the undesirable situation of the NBR rejecting two managers nominated by the shareholder.
The problem with inflation is that Romanians spend the most on food
The excessive share of food in the consumer basket, which upset the National Bank’s inflation forecast, is a problem that has been discussed by the National Statistics Institute (INS), but...
NBR becomes arrears watchdog: It has to monitor and audit Finance Ministry plans to reduce debt
The National Bank is required to monitor and audit the application of the Finance Ministry's strategic plans to reduce arrears incurred by the local authorities and by state-controlled compa...
NBR set to vote on raised inflation forecast today
The board of directors of the central bank (NBR) is set to approve the quarterly report on inflation today, which will most likely include a raised forecast for this year's inflation, while...
NBR is adamant about adopting euro in 2015 and proposes 11-month transition
In the face of Government indecision, the central bank is adamant about Romania joining the eurozone in 2015.
Private lending is not rebounding
Lending to the private sector in March slid by 1.3% in nominal terms, to 203.9bn lei (49.6bn euros), according to NBR data.
NBR: Inflation is a problem. The inflation forecast will be revised upwards
NBR Governor Mugur Isărescu said he would revise the inflation forecast upwards because inflationary pressures are not lessening.
Overdue loans up to 3.8bn euros in February
Overdue instalment payments for loans contracted by individuals and companies rose by 3.8% in February, to 16.2bn lei (3.8bn euros), double the early 2010 level, according to NBR data.
New arrangement with IMF precautionary only in its intention
The Government and the NBR asked the IMF that the current funding arrangement approved at the end of March to be stand-by, the same as the one signed in 2009, with the only distinction being...