The national currency has depreciated on Thursday compared to the euro, continuing, practically, its descending trend started last week, the internal political situation having no influence on the exchange rate, believes Adrian Codirlasu, deputy chair of the CFA Romania Association."The course depreciated a little. Practically it continued the depreciation trend started last week. The CFA Romania forecasts are that the depreciation will continue, and for the 12 months horizon is 5.04 RON for a euro, and for the six months horizon it's 4.98 RON for a euro. The euro-RON exchange rate closes this year under 5 RON, to exceed 5 RON next year. What could determine this? On one hand it's inflation, which is higher than that in the euro zone, as well as the macro imbalances at the level of Romania, especially current account imbalances," said Adrian Codirlasu.Asked if the internal political situation influenced the situation of the exchange rate, Codirlasu said "if this government falls this could affect the financial markets because an aversion to risk is created," but that for the moment it had no influence.The national currency reached on Thursday a new historical maximum in relation to the RON, as the calculated exchange rate of the National Bank of Romania (BNR) was 4.9386 RON/euro, a 0.41 ban increase (0.08 pct) over the previous quotation, of 4.9345 RON.The previous record was established on August 30, when one euro was traded for 4.9349 RON.
Romania will double its gas production and bring EUR 20 billion into the national economy thanks to the Neptun Deep project in the Black Sea, according to energy minister Sebastian Burduja. The statements were made on Thursday, March 27, during a government meeting. The minister noted that the Neptun Deep project will make use of […]
The government adopted on Thursday, March 27, an Emergency Ordinance allowing Romanian citizens who reside in an EU member state to obtain electronic identity cards that also serve as travel documents. Government spokesman Mihai Constantin stated that the measure guarantees the right to free movement and residence within the European Union. "For citizens who can […]
Untold, the globally recognized festival born in Romania, is set to return for a second edition in Dubai from November 6-9, at a larger venue, Dubai Parks and Resorts. The event promises an even bigger and better experience, showcasing a diverse lineup of musical genres and visual productions. “We were motivated by the joy and […]
Ten years ago, filmmaker Șerban Georgescu bought 250 kg of cabbage for 10 euros (his mother needed all for pickling!) and so he made an experiment: he added a new profession to his résumé and went to plant potatoes and cabbage for one year and see if there was a way to make more than […]
The Romanian Cycling Federation, or FRC, announced the dates and route of the 2025 edition of the celebrated Tour of Romania during an event at the Bucharest Chamber of Commerce and Industry on Thursday, March 27. The event will involve 26 teams in total. The 860-kilometer race will start on September 10 in Craiova, and the […]
The General Council of Bucharest approved on Thursday, March 27, a decision allowing pets, including dogs and cats of all sizes and breeds, to enter the headquarters of the City Hall and local institutions of public interest. However, pets will still be prohibited in hospitals, museums, theaters, and the Zoo, Agerpres...
