Romania
Romanian gov't adopts money-laundering regulations
ROMANIA - The Romanian government approved the organization and functioning regulations of the National Office for Preventing and Combating Money-Laundering (ONPCSB), whose activity is structured on two operative directorates - a computerized directorate…
Central Banker of the Year
ARTICLE - The Banker magazine published in London has awarded Mugur Isarescu, Governor of the Central Bank of Romania the title, Central Banker of the Year. Three other governors from the Philippines, Chile and Botswana won regional titles.
Govt and bank move to cut deadlock in Romania
ROMANIA - The Adrian Nastase Cabinet approved in a 16 August sitting a programme of action in conjunction with Romania's central bank BNR to diminish the financial deadlock.
Prizes of Romanian central bank for 2001
ROMANIA - The Romanian Central Bank awarded on 31 July its prizes for the year 2001 to prominent figures in the economic and cultural life, who, through their scientific activity and their exceptional original works, made an important contribution and…
Romania must step up inflation fight-c. bank chief
Romania has to step up its battle against inflation but needs to do so gradually to avoid shocks from a sudden reduction, Mugur Isarescu, the governor of the central bank (BNR), was quoted as saying on Feb 26, 2001.
Romanian CPI trend downward despite Jan spike-BNR
Inflation in Romania continued at a faster-than-desired pace over the past year but its underlying trend remains downward despite a January 2001 consumer price inflation spike, the central bank (BNR) said on Feb 15, 2001. "Data showed a slower-than…
Isarescu agrees to Romania fin supervisory council
BNR governor, Mugur Isarescu on Jan. 30, 2001, stated he agreed with the idea of founding a banking supervising council outside the authority of the central bank. He told InfoPro that banking supervision has been so far "the weak point of BNR", reported…
IMF to start exploratory talks with Romanian govt
The IMF will visit Bucharest in early February to discuss with the newly elected Romanian Prime Minister Adrian Nastase how he plans to reduce inflation, restructure state-owned industries and create a healthier financial-banking system, the daily…
Romania to create secondary market of govt bonds
One of the priorities of Romania's future Finance Minister Mihai Tanasescu is to create a secondary market as quickly as possible for the sale and purchase of government bonds such as interest treasury bonds or discount treasury certificates.
Romania PM to return to c.bank, pressure to resign
Romania's outgoing Prime Minister Mugur Isarescu said on Tuesday he would return to his former job as governor of the central bank despite opposition from the new government.
IMF X-rays Romanian economy
Romania's progress in reaching stability and continuing reforms is important but insufficient compared with other countries in Central and Eastern Europe, a report of the International Monetary Fund about Romania's economic evolution over the last two…
Romania c.bank head sees 2001 inflation lower
Romania's central bank acting governor Emil Ghizari said on Tuesday inflation was expected to slow down to between 22% to 25% next year from an official estimate of about 40% in 2000.His prediction was in line with previous official forecasts.
Romanian c.bank to cut min. reserve rates-bankers
Romanian commercial bankers said on Wednesday the central bank was expected to gradually cut the rate on minimum reserve requirements starting this year.
Romania's foreign debt increases this year
Romania's foreign debt has increased in the first three quarters of 2000 by 1.5% compared with the end of 1999, reaching $9.2bn, Romania's central bank said.
Interview with Romanian central bank vice governor
"Given Romania's objectives of adherence to the European Union over this decade, I think we need to improve the image of the euro currency," vice governor of Romania's central bank, Cristian Popa, told the Cronica romana daily.