Credit Paradox in Romania. Cosmin Marinescu, Vice-Governor BNR: "More Money for the State, Less Money for the economy."
6 Articles
6 Articles
Romania has the lowest level of financial intermediation in the European Union: the loans granted to the economy represent 40% of GDP, compared to a European average of 106%. Although Romanian companies are among the most indebted, most of their financing comes not from the banks in the country, but from loans within the groups and from delaying the payments of invoices. At the same time, the larger loans contracted by the state reduce the money…
Romania has the lowest level of financial intermediation in the European Union, while Romanian companies are among the most indebted.
Romania has the lowest level of financial intermediation in the European Union, while Romanian companies are among the most indebted, warned the deputy governor of the National Bank of Romania, Cosmin Marinescu. “Understanding this paradox is essential in assessing the financing of companies. Developing Romania’s economy on solid foundations means concrete and efficient directions to support the channels […] The post Romania has the lowest level…
Romania has the lowest level of financial intermediation in the European Union, while Romanian companies are among the most indebted, draws the attention of Romania's Vice-Governor of the National Bank of Romania, Cosmin Marinescu, in an analysis posted on his blog. "Development of Romania's economy on a solid basis means concrete and efficient directions to support funding channels, which [...]
Romania has the lowest level of financial intermediation in the European Union, while Romanian companies are among the most indebted....
Romania has the lowest level of financial intermediation in the European Union, while Romanian companies are [...]
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