The National Bank of Romania (BNR) injected on Monday, in the banking market, 10.234 billion lei, through a 7-day repo operation, with an interest of 2.5 percent per annum, equal to the key interest. BNR also posted, in the first half of Monday, an average interest rate on deposits attracted (ROBID) for a day (overnight) of 2.39 pct per annum, down from 2.57 pct, and for overnight deposits (ROBOR) the interest rate dropped to 2.70 pct per annum, from the level of the previous session, of 2.88 pct per annum. The 3-month ROBOR index dipped to 3.20 percent per annum, from 3.24 percent per annum. BNR also conducted two, repo-type operations this month, through which it offered the banks 17.65 billion lei.
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The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
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Udpate: The prosecutors’ section of the Superior Council of Magistracy - CSM has taken a different stance from the council’s judges’ section in response to the Recorder documentary, announcing that it will...
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