Reasonable compromise

The slow pace in resolving the issue of nonperforming loans was not only due to the complexity of the issue; rather, the obstacles seem to have been the result of pre-election concerns.

BNR's Georgescu: Declining financial intermediation has structural causes

Declining financial intermediation has structural causes, and if we relate to the inflation rate and the current account deficit, these are symptoms of an abnormal functioning of the economic body, the first-vice governor of the National Bank of Romania (BNR), Florin Georgescu said on Tuesday in Parliament, at hearings in a joint sitting of the Senate's economic and budget-finance commi

Gov't, National Bank and banks must reach consensus on ROBOR, argues PM advisor Valcov

Darius Valcov, advisor to the Prime Minister, told a televised broadcast on Sunday evening that changing the interbank offered rate ROBOR is out of question, but the government, the National Bank and the banks must reach a consensus in this regard.

Bulgarian PM: The Path to the Euro Means Discipline, Security, Transparency

The path to the euro means discipline, security and transparency, said Prime Minister Boyko Borissov at the 13th meeting between the business and the government, Focus News Agencyreports. He stressed the banking union would put major banks under control. "Huge efforts are made, it is not easy because we have to convince our partners that things are all right," he said.