National Bank

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PM Citu: We are moving in direction in which Romania is no longer low wage country

Prime Minister Florin Citu stated, on Tuesday, that the data regarding inflation presented on Monday by the National Bank of Romania (BNR) represent an estimation, yet there are "interesting" figures regarding wages, which show that Romania is going in the direction in which "it is no longer a low wage country." The National Bank of Romania (BNR) increased to 5.6 pct the inflation forecast for

Isarescu: The BNR treasure remains only case in which assumed restitution obligations - not respected

The treasure of the National Bank of Romania (BNR) remains the only case in which a monetary gold reserve is entrusted with proper documents that it will be returned at any time at the request of the owner, and the obligations assumed have not been respected, the BNR Governor Mugur Isarescu said on Wednesday.

Higher core income bolsters NBG profits

National Bank (NBG), one of Greece's four largest lenders, on Monday reported higher third-quarter net profit compared to the second quarter on stronger fee and net interest income.

NBG, 40% owned by the country's HFSF bank rescue fund, said net profit from continued operations reached 137 million euros, versus net earnings of €58 million in the second quarter.

PSD sends to Senate proposals regarding suspension of credit payments and capping prices for food

The interim chair of the Social Democratic Party (PSD), Marcel Ciolacu, stated on Monday evening, at public broadcaster TVR1, that Tuesday in the Standing Bureau of the Chamber of Deputies the proposals for "suspension of credit payments" and the "capping of prices for drugs and food" will be discussed, in order to be sent to the Senate, as the first notified chamber.

BNR's Vasilescu: Public, entire Romanian society should understand first urgency is banks not to fall

The public and the entire Romanian society should understand that the first urgency is that banks don't fall, and after this urgency comes solidarity, National Bank of Romania (BNR) Strategy Consultant Adrian Vasilescu said on Tuesday. "The action has to take into account urgencies.

President Iohannis: Working group needs to realistically analyse all macroeconomic, sectoral economic implications of COVID-19

President Iohannis on Wednesday asked the interinstitutional working group "to realistically analyse and assess" all the economic implications of COVID-19, at macroeconomic and sectoral levels. "I ask the working group to realistically analyse and assess all the implications of the COVID-19 at the macroeconomic and sectoral levels.