NBR
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Rekkers: NBR has to cut the rate by at least 0.5% on June 30
I expect the NBR to cut the key interest rate on RON by at least half a percentage point at the end of this month, because interests on loans in RON need to follow a significant downward cur...
Companies still have liquidity problems, NBR data reveal
Companies continue to have great difficulties meeting their payments, with the number of bounced payments remaining close to 40,000 in April, i.e. double as many as a year ago, according to...
Isarescu wants new term as governor
National Bank Governor Mugur Isarescu would like a new term at the helm of the central bank, nineteen years after taking this position. He is already the Romanian official to retain his posi...
NBR takes 5bn euros from IMF, but reserve is up just 2bn euros
The foreign exchange reserve of the Romanian National Bank went up by just 2 billion euros in May because, although 5 billion euros went in from the IMF, outflows from the reserve amounted t...
Highest overdue loans registered in central and south-eastern Romania
The bankers are starting to look warily towards the centre and south-east of the country, where the lower economic power of their customers is beginning to show in the significant rise in ov...
Bankers ask NBR to let them put less money aside for credit risk
Bankers are asking the NBR (National Bank of Romania) to allow them to take into consideration the entire value of guarantees held in order to reduce exposure to clients with overdue payment...
Banks hesitate to cut interests, but profit margins swell
Banks kept interest rates at still high levels in March, with rises operated last autumn making room for boosting profit margins, according to the latest data published by the NBR (National...
Pension fund yields after 11 months in business
Mandatory private pension funds (2nd pillar) recorded a 12.8% average yield, twice as high as the inflation rate in this period, of 6.45%.
Why didn’t economists see the crisis coming?
The economy suddenly moved from an over 9% growth in the third quarter of 2008 to an almost as serious decline, -6.4%, in the first quarter of 2009, that is in only six months.