Andreea Marinescu

Repatriating Romania's gold reserve would cost 10-20 times more than storing it (BNR)

Repatriating Romania's gold reserve would cost 10-20 times more than the commission paid to the Bank of England for storing it there, said, on Tuesday, the Governor of the National Bank of Romania (BNR), Mugur Isarescu, in a press conference. "We will respect the law, the vote of the Parliament.

Net nominal average salary up 5pct in December 2019, to 3,340 lei

The net nominal average salary was 3,340 lei in December 2019, up from the previous month by 161 lei (+5.1pct), and the highest values were recorded in activities of services in information technology (including IT services, namely 7,689 lei, according to the data published on Tuesday by the National Institute of Statistics (INS).

BNR's Isarescu: International borrowing, proof of responsibility, deficits are worrisome

International borrowing is proof of responsibility, but the country's deficits are worrisome, the governor of the National Bank of Romania (BNR), Mugur Isarescu told a press conference, when asked about the latest loans contracted by the Ministry of Public Finance. "Worrisome, an element of concern or as you might want to call it, not of panic, however, are the country's deficits.

BNR's Isarescu: Romania still imports too many agricultural products

Romania still imports too many agricultural products relative to what can be produced naturally in the country, which shows that the potential is not yet fully capitalized on, said Mugur Isarescu, the governor of the National Bank of Romania (BNR), in a message transmitted as governor but also a vine grower, at the Annual Conference of the Romanian Farmers Club, an event held on Thursday at the

35 trains cancelled Thursday morning due to weather conditions

A number of 35 trains running in the south and south-east of the Romania are cancelled on Thursday morning due to adverse weather conditions, informs CFR Calatori (Romanian National Railway Company - Passengers). "The circulation of the passenger trains is carried out in winter conditions.

Romania's Transgaz signs MoU on development of natural gas networks in Eastern Europe

Romania's Transgaz national natural gas transmission corporation signed on January 28 a Memorandum of Understanding (MoU) on the Partnership for the Development of Natural Gas Networks in Eastern Europe (EE-NGP), according to a press statement released on Friday to the Bucharest Stock Exchange (BVB). The memorandum was signed by all the entities that are members of the project.

Unemployment rate decreases to 3.9pct in December 2019

The seasonally adjusted unemployment rate fell to 3.9pct in December last year, from 4pct in November, and the number of the unemployed decreased to 354,000 people, according to data from the National Institute of Statistics (INS) published on Thursday. In November 2019, the number of unemployed people aged 15-74 was 366,000, and in December 2018 - 359,000.

UPDATE Romania's end-2019 budget deficit at 4.6 pct of GDP

Romania closed 2019 with a budget deficit of 4.6 percent of GDP, above the authorities' November estimation, when the second budget adjustment was operated, Finance Minister Florin Citu announced on Tuesday. The only time with a wider budget gap was the crisis year of 2010, when the government ran a deficit of 6.5 percent of GDP. In 2018 the budget deficit was 2.88 percent of GDP.

Three-month interbank offered rate rises to 3.18 ppa

Romania's three-month interbank offered rate ROBOR rose on Tuesday to 3.18 ppa, from 3.16 ppa, on Monday, according to data published by the National Bank of Romania (BNR). At the beginning of last year, the three-month ROBOR was 2.99 per year, and at the end of the year 2.18 pct. On the same day of 2019, the index stood at 2.20 per year.

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