On October 31, 2018, the National Bank of Romania’s foreign exchange reserves stood at 32,369 million euro, compared to 31,421 million euro on September 30, 2018 according to data posted on the bank’s website. During the month, 2,723 million euro worth of inflows were recorded representing changes in credit institutions’ foreign currency-denominated required reserves, inflows into the Ministry of Public Finance’s accounts (including the amount resulted from the Ministry of Public Finance’s Eurobond issues with a nominal value of 1,750 million euro), and other. At the same time, 1,775 million euro worth of outflows were recorded representing changes in credit institutions’ foreign currency-denominated required reserves, interest payments and principal repayments on foreign currency public debt and other external obligations in foreign currencies (939 million euros), and other. The gold stock remained unchanged at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to 3,580 million euro. On October 31, 2018, Romania’s international reserves (foreign currencies and gold) stood at 35.949 billion euro, compared to 34.824 billion euro on September 30, 2018. During November 2018, the payments due on the foreign currency-denominated public and publicly guaranteed debt amount to approximately 151 million euro.
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Licensed in the autumn of 2023 by the Financial Supervisory Authority (ASF) and launched for trading in January 2024, Stock.estate reports a total of over EUR 1 million in investments attracted into local real estate assets. Stock.estate is a crowdfunding platform—the first of its kind authorized by the ASF in Romania and the only operational […]
AGISTA, the Romanian growth equity alternative investment fund backed exclusively by private capital, has received authorization from the Financial Supervisory Authority (ASF). This milestone enables AGISTA to expand access to capital for high-potential Romanian companies and to actively contribute to the development of the local private equity ecosystem.. The decision confirms AGISTA’s...
Neversea Kapital unveiled the first artists that will perform at Bucharest's National Arena on July 4-6. First names include Charlotte de Witte, Axwell (of Swedish House Mafia), Alok, and Korolova. Joining them are Salvatore Ganacci, Lost Frequencies, Deborah De Luca, Nina Kraviz, Claptone, Sickick, MËSTIZA, Kshmr, Don Diablo, Steve Aoki, Kaaze, Nervo, and Mau P. Made […]
Romania’s famous Constanța Casino has reopened for visitors after renovation work that lasted five years and cost RON 200 million (EUR 39.5 million). The landmark building is already open and can be visited for free until Sunday, May 25, with a reservation, as part of the city’s celebrations. The first visitors were met with a […]
Furniture retailer IKEA announced the opening of its first Plan and Order Point in Bucharest. Located in Orhideea area, it is the second such location in Romania, following the launch in the seaside city of Constanța last year. The Plan and Order Point offers customers assistance in planning various areas of their homes and ordering […]
