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
There is nothing wrong with the ROBOR, the Romanian Interbank Offer Rate, and there is no mishandling it or it slipping from the real level of the market, Governor of the National Bank of Romania (BNR) Mugur Isarescu said on Tuesday.
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.
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.