The IMF recommended to the Romanian central bank to enforce forex lending restrictions only for consumer loans [and not for mortgage loans], head of Romanian SME loan guaranteeing system Aurel Saramet announced, quoted by Mediafax. We recall that Romania's central bank is close to enforcing new, tighter retail lending regulations including among other restrictions on foreign currency lending aimed at curbing the exchange rate risks. Initially scheduled for enforcement in November, the new regulations will probably come into force as of December, bankers' association head Radu Ghetea commented earlier this week. Bankers reportedly convinced the central bank to moderate the regulations by, among others, focusing more on the consumer loans and to a lesser extent on the mortgage loans. |
Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more
Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more
The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more