As of end-November 2024, the forex reserves of the National Bank of Romania (BNR) stood at 61.174 billion EUR, down by 2.65% compared to the level recorded on October 31, 2024, of 62.841 billion EUR, the central bank announced in a release sent on Monday.Inflows recorded in November 2024 amounted to 4.374 billion EUR, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the accounts of the Ministry of Public Finance, other.Outflows stood at 6.041 billion EUR, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on the foreign currency public debt (some 649 million EUR), payments from the European Commission's account, other.Romania's gold holdings remained unchanged at 103.6 tonnes worth 8.399 billion EUR, as per the current international prices.Romania's international reserves (foreign currencies and gold) as of November 30, 2024 amounted to 69.573 billion EUR, compared to 71.361 billion EUR at October 31, 2024.Payments due this December on the public and publicly guaranteed foreign currency-denominated debt amount to roughly 441 million EUR.
Romania’s central bank BNR has sharply revised its inflation forecast for 2025, raising the year-end estimate from 4.6% to 8.8%, with the possibility of exceeding 9%, Biziday.ro reported. Governor Mugur Isărescu warned that inflation will peak in September, potentially reaching 9.6% or 9.7%, before gradually easing. The upward revision comes after the expiration of the […]
The international documentary film festival fARAD is returning to Arad, western Romania, this autumn for its 12th edition. Running from October 8 to 12, the event will feature five days of screenings and meetings with guests from Romania and abroad, according to the organizers. For the first time, the festival is introducing a national competition […]
More than 40,000 positions will be cut from local administration in Romania as part of a wider effort to reduce public expenses. In total, the expected annual financial impact amounts to RON 2.2 billion (EUR 434 million). The job cuts were announced by Romania’s minister of development, public works, and administration, Cseke Attila. Also cut […]
The residential market in Bucharest and the surrounding Ilfov county showed signs of cooling in the first half of 2025, with the number of transactions down 10% compared to the same period last year. Despite the decline in sales, prices continued to rise, driven by high inflation, anticipated tax changes, and limited supply, according to […]
Inflation jumped by 2.7% in a single month in Romania in July, compared to June 2025, to an annual rate of 7.8%. Although food prices did not increase significantly, the removal of the electricity price cap on July 1 led to an average 61% increase in electricity bills, according to a report from the National […]
Romanian education trade unions are maintaining their warning of a general strike and possible boycott of the new school year after failing to secure concessions from the government during talks on August 11, Economica.net...
