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.
National sells NPL portfolio to Bain Capital for €1.6 bln
The National Bank of Greece Group on Friday announced the completion of a transaction for the disposal of a nonperforming, predominantly secured, corporate loan portfolio to the investment firm Bain Capital Credit for a total principal amount of 1.6 billion euros.
UPDATED Orban: PNL National Political Bureau decides to propose Florin Citu for Prime Minister
The chairman of the National Liberal Party (PNL), Ludovic Orban, announced that the Liberals' National Political Bureau decided, with one abstention, that Florin Citu be nominated for the position of Prime Minister.
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.
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Corporate loan demand covers supply
In just seven hours, as many as 10,000 companies applied for low-interest loans that are guaranteed by the state through the Guarantee Fund, exhausting the amount available at this initial stage of the process, Development Minister Adonis Georgiadis announced on Thursday.
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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.
Moldova Detains National Bank Chiefs Over ‘Grand Theft’
Moldovan prosecutors on Thursday detained four members of the board of the National Bank of Moldova, BNM, all current or former leaders of the bank, in relation to the so-called grand theft of a billion US dollars from the banking system between 2012 and 2014.