At a meeting on 4 April 2024, the board of the National Bank of Romania (BNR) decided to keep the bank's monetary policy rate at 7.00% per annum, the bank reported on Thursday.The BNR board also decided to leave unchanged the lending (Lombard) facility rate at 8.00% per annum and the deposit facility rate at 6.00% per annum, and also to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The monetary policy rate has been unchanged since January 2023, when NBR raised it from 6.75% to 7% per annum.
Cargus, a leading player in Romania’s courier industry, appointed former CFO Belgin Bactali as the new CEO, effective January 20. She replaces Yannick Mooijman, who, the company said, “has decided to step back and explore new opportunities.” Belgin Bactali has over 23 years of experience in developing successful financial strategies and leading key projects in […]
Călin Georgescu announced that if he is not allowed to run in this year's presidential elections, he could back "someone from the sovereignist camp" and become prime minister. Speaking on a TV show on January 22, he said that talks for such a scenario are already underway,
Galati County Council has unveiled its plans for the new software park being built in the city, a EUR 40 million project through which Council's president Costel Fotea seeks to turn the city on the Danube best known for its steel plants into an IT center of excellence. The project of the building represents a […]
The number of employees in Romania's public sector rose to 1.306 million in November 2024, reflecting an increase of 5,900 compared to October, according to data from the Ministry of Finance quoted by Economedia. This marks a continuing trend of growth in the...
Farmers in Romania could benefit from non-repayable financing of up to EUR 200,000, under a new government program called First Greenhouse, G4Media announced. The draft law regulating this program has already been approved by the Senate and is to be debated and voted on in the Chamber of Deputies, according to Ziarul de Iași. The initiative's […]
Romania's largest natural gas producer, Romgaz, has awarded a EUR 226,000 consulting contract to Schlumberger, the world's largest onshore and offshore drilling services company, to assist in repurposing its depleted gas fields into carbon dioxide (CO2) storage facilities, Economedia reported. ...
