The Romanian leu weakened to an all-time record level against the euro amid growing political uncertainty on Wednesday, central bank data showed. The central bank, BNR, set its reference exchange rate at 4.9495 lei per euro on Wednesday, a drop of 0.02% compared to Tuesday's value. On Wednesday morning, the leu changed hands at between 4.9460 and 4.9520 per euro on the interbank market, according to real-time interbank forex trading data published by information portal Conso.ro. CFA Romania, an association of investment professionals, said in August that they expect an exchange rate of 4.9829 lei per euro in the next six months and 5.0455 lei per euro in the next 12 months. The leu has been weakening since the beginning of September after ministers of the centre-right bloc formed by USR and PLUS parties, a junior partner in the governing coalition, resigned. USR PLUS withdrew its support for liberal prime minister Florin Citu after he dismissed Stelian Ion, the justice minister nominated by USR PLUS, for refusing to back an emergency decree on a 50 billion lei financing scheme for development of rural areas. On September 28, the Constitutional Court is expected to rule on the validity of a censure motion initiated by USR PLUS and opposition right-wing nationalist party AUR against the government. The ruling is expected three days after the National Liberal Party (PNL) congress at which Citu will challenge party leader Ludovic Orban.
Schrack Technik Romania, a subsidiary of the Austrian group Schrack Technik GmbH, a manufacturer and distributor of electrical installations and equipment, has finalized a EUR 15 million logistics center in Domnești, near Bucharest. The center has an area of 3,500 sqm of offices + 5,500 sqm, a storage capacity of 5,000 pallets, a stock of […]
President Nicușor Dan will meet the parliamentary parties on Thursday, June 19, for consultations on nominating the next PM, the Presidential Administration announced. The Social Democratic Party (PSD), the National Liberal Party (PNL), the Save Romania Union (USR), and the Democratic Alliance of Hungarians in Romania (UDMR) have been negotiating a governing program and the […]
President Nicușor Dan will meet the parliamentary parties on Thursday, June 19, for consultations on nominating the next PM, the Presidential Administration announced. The Social Democratic Party (PSD), the National Liberal Party (PNL), the Save Romania Union (USR), and the Democratic Alliance of Hungarians in Romania (UDMR) have been negotiating a governing program and the […]
Two young Romanian energy specialists, one from Transelectrica, the operator of the national power system, and the other from the National Energy Regulatory Authority, were designated as members of the continental expert commission investigating the causes of the historic total blackout that affected Spain and Portugal. The blackout took place on April 28, 2025 and […]
More than 70% of Romanians would support an increase in defense spending so that Romania can defend its sovereignty in the event of military aggression, an INSCOP survey conducted between May 26-30 showed. Given the recent discussions on how Europe should reduce its military dependence on the US and NATO by increasing...
On Sunday, June 15, the 'Carol I' Central University Library (BCU) hosted an event in its unconventional creative space, launching a new platform for reflection on the kind of social contract humanity might need in the digital age — a 'Magna Carta AI.' The event was dedicated to exploring key principles that could guide the […]
