Wall Street bank JPMorgan said on Tuesday it was going long on the euro versus the Romanian leu in FX spot markets, with the country's intervention policy seemingly shifting after Sunday’s first-round presidential election, https://www.reuters.com/ informs. . The bank said that the leu's movements following the win of George Simion, the country's hard-right eurosceptic opposition leader, in the first round of Romania's presidential election re-run on Sunday raised the chances of a devaluation. In a recent note, the bank had sketched out scenarios including a 3-5% devaluation and a 15-20% devaluation. "We would argue for a 50/50 probabilities between the two devaluation scenarios but the developments on the ground will matter hugely as well," JPMorgan's Anezka Christovova said in a note to clients. However, Christovova said that a different second round outcome of the presidential elections or a change in Simion's rhetoric would alter these probabilities. "We...go long EURRON spot (assuming daily rolling of funding) aiming initially for a 5% total move from pre-intervention levels."
The George Enescu International Festival returns to Sibiu from September 2 to 21 with a lineup featuring Grammy-winning artists and top orchestras. Under the theme “Anniversaries,” the event marks 70 years since the death of George Enescu and celebrates milestones in the history of composers and ensembles that have shaped musical modernism. Sibiu will host […]
City Grill Group, the leading Romanian player in the hospitality industry, is launching “Mixtură de Lăutărie,” an original musical concept that brings to its restaurants a sound experience unlike anything seen before in HoReCa: live music based on traditional Romanian melodies, reinterpreted and mixed in real time by a DJ. The format has been created […]
More than two-thirds (68.6%) of Romanians living abroad do not have any form of insurance in Romania, not even the mandatory home insurance, according to a nationwide online survey initiated by Allianz-Țiriac. From among those who left the country, a quarter say they own a house or apartment in the country, and approximately 13% still […]
Arizona will become the first US state to open an economic representative office in Romania, following a decision by the state legislature to allocate USD 125,000 in its fiscal year 2026 budget for the establishment of the office in Bucharest. The new office will support trade and economic cooperation and will also cover Eastern Europe […]
Etihad Airways, the national airline of the United Arab Emirates, is opening 7 new routes, including one from Bucharest. The new flights will directly connect the Romanian capital with Abu Dhabi, starting from March 16, 2026, with flights set to take place four times per week. In addition to Bucharest, the airline is introducing flights […]
Health minister Alexandru Rogobete said that 15 hospitals are currently under construction across Romania, financed through the National Recovery and Resilience Plan (PNRR). Of these, 12 are expected to be funded through grants and three through loans, though the final allocation has not yet been confirmed, Agerpres reported. Speaking...
