The National Bank of Romania (BNR) publicly reaffirms its commitment to the July 2021 updated version of the Global FX Code, together with the related guidance materials, according to a BNR press statement."The FX Global Code sets the standard for good market practice and first published in 2017. In order to keep its principles in line with the ongoing evolutions in the global foreign exchange market, in July 2021 there was published an updated version of the FX Global Code together with related guidance material, version that continues to promote the robust, fair, open and appropriately transparent foreign exchange market underpinned by high ethical standards. In this context, the National Bank of Romania publicly reaffirms commitment to updated version of the FX Global Code published in July 2021 together with related guidance materials, as well as, supports the importance of the FX Global Code on the Romanian foreign exchange market to continuous ensuring of its integrity and efficient functioning," reads the BNR statement.The National Bank of Romania also encourages foreign exchange market participants to adhere to the FX Global Code principles when acting as foreign exchange market participants by renewing their statements of commitment to the updated FX Global Code, and to review their internal procedures in order to align it with the updated principles of the FX Global Code, corresponding to the size and complexity of the activity of each participant carried out on the foreign exchange market."Considering the importance for central banks on well-functioning of the foreign exchange financial market, because ensures smooth transmission of the monetary policy to the real economy, which ultimately benefits both market participants and the public at large, today, the National Bank of Romania issues simultaneously with all members of the European System of Central Banks (ESCB), including the European Central Bank (ECB), the renewed statements of commitment to the Global FX Code."
A caravan of 150 cyclists, 90 cars and 25 motorbikes covered 830 km at the Tour of Romania, the most important local cycling competition, organized between 10 and 14 September by the Romanian Cycling Federation, together with the National Agency for Sports and Auchan Romania, the main co-organizing partner. In addition to the elite sports […]
certSIGN, a Romania-based company and leading developer and integrator of cybersecurity and cryptographic solutions, has been awarded, following a competitive international tender process, a framework contract to support the European Union Agency for Cybersecurity (ENISA) in providing cybersecurity services to Romania. certSIGN will lead a consortium including Bit Sentinel and CybrOps to deliver cybersecurity preparedness […]
Pets are now officially welcome inside Cluj-Napoca City Hall, mayor Emil Boc announced on Monday, September 15, describing the move as part of efforts to make the city more modern and empathetic. “Today we are opening the doors of City Hall to our voiceless friends as well. Dear residents, from now on, pets are welcome […]
Romania is currently discussing with Ukraine the possibility of developing joint drone production projects, according to defense minister Ionuț Moșteanu. Drones have been at the forefront of the war between Ukraine and Russia, used by both sides for reconnaissance, surveillance, but also deep strikes in enemy territory. The prevalence of drones on the battlefield and […]
The Băile Govora resort, in southern Romania, will have a new adventure park, with a zip line, alpine coaster, and even off-road bicycle tracks, according to a plan announced on Monday, September 15, by the Băile Govora City Hall. The goal of the investment is to develop leisure tourism in the resort famed for its […]
Romania’s prime minister Ilie Bolojan reportedly opposes the idea of further prolonging the price-capping mechanism introduced in August 2023 and repeatedly extended so far, according to Ziarul Financiar. Ambiguous statements over the weekend indicated an incipient conflict among the ruling coalition’s...
