National Bank of Romania

FinMin Citu: It's first time in history when fiscal, monetary policy work almost perfectly

It's the first time in history when fiscal and monetary policy work nearly perfectly, stated, on Monday evening, at private broadcaster B1TV, the Minister of Public Finance, Florin Citu, mentioning that the message given by the National Bank of Romania (BNR) is very important. "Besides the relaxed fiscal policy we now have another impulse.

Anniversary medals of Romania awarded to Her Majesty Crown Custodian's House Association

On Thursday, President Klaus Iohannis bestowed on the Her Majesty Crown Custodian's House Association, by presidential decree, a "Centennial of the Greater Union" anniversary medal and a "Centennial of the War for the Unification of the Romanian Nation" commemorative medal.

BNR: Romania sees overlap of three crises and we must think how to exit impasse

The current situation in Romania is different than those in the past, because three crises overlap: a health crisis, a social crisis and an economic crisis, said, on Thursday, Adrian Vasilescu, strategy consultant with the National Bank of Romania (BNR).

BNR's Lazea: Government, responsible for every citizen's health, not for every SME's survival

Many small and medium-sized companies will disappear, undoubtedly, but a government is responsible for the health of each of its citizens, not for the survival of each SME or every enterprise, especially in a market economy, Valentin Lazea, chief-economist of the National Bank of Romania (BNR), said in a specialized video-conference on Tuesday.

State borrows 1.594bn lei from banks on Monday

The Ministry of Public Finance (MFP) borrowed 1.594 billion lei from banks on Monday, through a benchmark government bond issue, with a residual maturity of 36 months, at a yield average of 3.84pct per year, according to data released by the National Bank of Romania (BNR). The nominal value of Monday's issue was 300 million lei, and the banks subscribed 1.918 billion lei.

Annual inflation rate steady at 3 percent this March

The annual inflation rate kept steady at 3 percent this March, as food grew by 5.11 percent more expensive, service prices advanced 3.8 percent and non-food prices went up 1.39 percent, shows data released on Friday by the National Institute of Statistics (INS). March 2020 consumer prices were 0.5 percent higher compared to February and 1.16 percent up from December 2019.

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.

Banking system, support for counteracting negative effects of COVID-19 pandemic on economic, social level

The Romanian Association of Banks (ARB) and the Council of Banking Employers in Romania (CPBR), organizations that represent all the active banking institutions on the Romanian market, grant support to clients and authorities regarding the limitation of negative effects on the individual economic welfare, Romania's economy and public health and safety, in the context of the pandemic caused by t