The Board of the National Bank of Romania (BNR) decided on Tuesday to raise the benchmark interest rate to 1.75 pct from 1.50 pct per annum beginning November 10, 2021 and keep a firm control on money market liquidity, the central bank said in a release.Also, the monetary authority decided to widen the symmetrical interest rate corridor for permanent facilities to ? 0.75 percentage points from ? 0.50 percentage points. Thus, starting with November 10, 2021, the lending facility interest rate (Lombard) increases to 2.50 pct per annum from 2 pct per annum, and the deposit facility rate is maintained at 1 pct per annum.The minimum reserve requirement ratios on both RON- and foreign currency-denominated liabilities of credit institutions stay unchanged at the current level.This is the second key interest rate rise in the last month after the October 5 hike to 1.5 pct per annum. The monetary policy interest rate has stayed unchanged since January, when the BNR Board decided to slash it from 1.50 pct to 1.25 pct per annum.
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
