Mugur Isarescu

The governor of the Romanian national bank, BNR, Mugur Isarescu, on Friday warned against trying to convert loans in Swiss francs into loans in the national currency.

"Such conversion would cause a loss of 5.7 billion lei (some 1.3 billion euro) to banks with CHF loans on their balance sheet, which represent around 0.8 per cent of Romania's GDP," Isarescu told a press conference.

Romania's banking system lost 3.584 billion lei over the first 11 months of 2014, in line with the IFRS standards, according to a presentation by Romania's Central Bank (BNR) Governor Mugur Isarescu, held on Friday in the context of the problems generated by the Swiss franc's appreciation. (1 euro = aprox. 4.45 RON)

Photo credit: (c) GRIGORE POPESCU / AGERPRES FLOW

The International Monetary Fund (IMF) sustains that if endorsing the individuals' insolvency law without an adequate impact study and without consulting the associations involved, could never attain its goals and could have a negative impact on the financial market.

Photo credit: (c) Yin Bogu / XINHUA ARCHIVE

Prime Minister Victor Ponta on Friday asked the Minister of Finances Darius Valcov and the central bank [the Romanian National Bank - BNR] Governor Mugur Isarescu to discuss about the Swiss Franc's massive surge this week.

Photo (c): Silviu MATEI / AGERPRES STREAM

The Prime Minister confirmed this information to AGERPRES.

The situation in Greece is a great danger and it should be considered by Romania too, yet the National Bank of Romania (BNR) has the necessary tools to manage eventual risks, on Wednesday said the central banks' governor, Mugur Isarescu in a press conference.

Photo credit: (c) Sorin LUPSA / AGERPRES ARCHIVE

President-elect Klaus Iohannis leads the charts regarding confidence ratings, followed by Mugur Isarescu and Victor Ponta, while the National Liberal Party (PNL) would win the elections if they were held next Sunday, according to a poll run by INSCOP Research at the request of Adevarul daily.

The influence of the exchange rate on the prices has significantly curbed in the last years and the national leu currency has, for at least six months 'been lounging in the range of 4.40 - 4.44 lei to the euro' and has become 'completely unconcerned about the political statements', even in an electoral year, after several years ago the leu depreciation was having a double impact o

Governor of the National Bank of Romania (BNR) Mugur Isarescu, national leader of the Social Democratic Party (PSD) Victor Ponta and national leader of the National Liberal Party (PNL) Klaus Iohannis are topping the recent ranking of Romanians' confidence, reveals findings of an INSCOP Research poll commissioned by daily Adevarul and conducted August 30 - September 4, released on

Most Romanians want as their president a seasoned politician, a Romanian ethnic, as independent as possible from the political point of view, an opinion poll by INSCOP commissioned by Adevarul newspaper revealed.