The Central Bank (BNR) is not willing to push back the maturity dates of repo operations or to diminish the reserves requirement (RMO) soon, BNR Governor Mugur Isarescu said in a press conference, quoted by zf.ro. According to the governor, even if the maturity dates of repo operations were pushed back, there would still be [...]
The British School of Bucharest (BSB) proudly announces that its University Guidance Services are now open beyond the walls of BSB for students worldwide. Tailored for those applying to universities in the UK and Europe, these services reflect BSB’s 25 years of educational excellence, helping students discover the best academic path for their goals. The […]
Romania has postponed a planned visit to Brussels initially scheduled for May 7–8 to discuss revisions to its National Recovery and Resilience Plan (PNRR), Economedia reported, citing sources close to the matter. The delay follows the recent government crisis that culminated...
Romania's frontrunner for the May 18 presidential elections, George Simion, announced his plans, which include bringing radical far-right politician Călin Georgescu as prime minister and forming a parliamentary majority around his Alliance for the Union of Romanians (AUR) party, which has a nationalist ruling strategy. AUR currently holds 18% of the seats in Parliament, and […]
Global law firm Dentons has advised Societatea Energetică Electrica S.A. and its subsidiaries Electrica Furnizare S.A. and Distribuție Energie Electrică România S.A., on a RON 3.1 billion (approximately €622,7 million) syndicated loan agreement destinated to refinance part of their existing bank exposure and support capital investments in the renewable energy production segment. The syndication was […]
Function Health, a personal health platform offering accessible annual lab testing, has acquired Ezra, the developer of FDA-cleared AI technology that makes full-body MRI scanning faster and more affordable. Ezra was founded by Romanian Emi Gal. Following the acquisition, the company will launch a full body MRI that cuts scan time from 60 minutes to […]
The National Bank of Romania (BNR) announced on May 6 an exchange rate of RON 5.0378 /EUR. This is a 1.21% increase on the previous RON 4.9775/EUR exchange rate and the first time it has exceeded the RON 5 threshold, marking a historical high. The exchange rate stood at an average of RON 4.97/EUR last […]
