As of end-May 2024, the forex reserves of the central bank (BNR) totalled EUR 65.072 billion, up 4.1% compared to the level of EUR 62.511 billion at the end of April 2024, according to a BNR press release sent on Monday.Inflows recorded in May 4.444 billion euros, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the accounts of the Ministry of Public Finance (including amounts resulting from the issuance of some MF eurobonds, with a total nominal value of about 3.242 billion euros), the replenishment of the European Commission account and others.There were also outflows of EUR 1.883 billion, representing changes in the minimum foreign currency reserves held by credit institutions with the BNR, interest and instalment payments on foreign currency-denominated public debt (approximately EUR 625 million) and others.Romania's gold holdings remained unchanged at 103.6 tonnes worth EUR 7.189 billion, as per the current international prices.Romania's international reserves (foreign exchange plus gold) on May 31 2024 were EUR 72.269 billion, compared with EUR 69.700 billion on 30 April 2024.Payments due in June 2024 on account of foreign currency-denominated public debt, direct or guaranteed by the Ministry of Finance, totalled around EUR 148 million.
Low-cost airline Wizz Air, a major operator in Romania, announced the largest expansion of its network in the country so far for the 2025 winter season on Thursday, August 14. The expansion includes 15 new routes from all over Romania to destinations in the EU. The new routes will connect Bucharest Otopeni, Cluj-Napoca, Iași, and […]
Social and political activists within the Declic Community have contested the appointment of controversial judge Lia Savonea as president of the High Court in Romania with the Superior Council of Magistracy, or CSM. The motion to contest Savonea’s appointment is based on several irregularities in the appointment process. The legal action is supported by a […]
The official teaser for The Yellow Tie/Cravata Galbenă, a biographical drama inspired by the life of famed Romanian conductor Sergiu Celibidache, was released on Thursday, August 14. The film stars John Malkovich alongside Miranda Richardson, Ben Schnetzer, Kate Phillips, Sean Bean, Anton Lesser, and Charlie Rowe. Covering more than seven decades, the film follows Celibidache's […]
According to data from the Ministry of Education's report on the state of higher education in Romania, for the years 2022–2023, only 1,948 out of a total of 240,000 teachers in state education in Romania have completed postgraduate studies and courses. As such, only 0.8% of all teachers at the national level follow advanced forms […]
Romanian border police announced on August 13 that they had seized 473 mobile phones suspected of being counterfeit, with an estimated value exceeding RON 3 million. The discovery was made the day before, on August 12, during a routine patrol near the Nădlac border area. ...
Seven performances from the OFF Avignon Festival, one of the world's largest theater events, will be held at the International Shakespeare Festival in Craiova in 2026, following the establishment of a partnership between the two. The official launch conference of Shakespeare Of(f) Avignon, which took place at the Village du OFF, was attended by H.E. […]
