Archive » May 2009 » 15 May 2009 The english news from 15 May 2009
BNR governor: Local leu at sustainable level now
The local currency, the leu, now reached a sustainable level, National Bank governor Mugur Isarescu on Thursday told a press conference in the city of Iasi (north-east of Bucharest). 'What the exchange rate is headed for, the market will tell. I think it is now moving in a sustainable area,' said Isarescu. The central bank head…
Market Sensitive Indicators In The IMF Agreement Won't Be Published - Romanian Ctrl Bk Gov
The market sensitive indicators in Romania's agreement with the International Monetary Fund will not be published, as in all the agreements there are included such indicators that may distort the markets, Romanian central bank governor Mugur Isarescu said Thursday.…
Winners and losers in the first quarter of decline
Before the National Institute of Statistics (INS) releases the official data regarding the evolution of Romania's Gross Domestic Product (GDP) for Q1 2009, one thing is certain: this was the first quarter of economic decline in the past nine years.…
Greece and Austria trim financing lines to Romanian banks by EUR 2.3bn, central lender says
Financing lines from mother banks in Greece and Austria to Romanian lenders were cut back by 2.293 billion euros in the period September 2008 - March 2009, while the equity of the respective Romanian subsidiaries dropped by 472 million euros, central lender (BNR) data show.…