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."
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
The private medical services operator MedLife (BVB: M) increased its turnover by 19.5% in the first nine months of the year, to RON 2.36 billion (EUR 464 million). However, the company reported a financial loss of RON 6.3 million (EUR 1.2 million) as a result of the rise in the exchange rate. The company turnover […]
CTP, a leading developer, owner, and operator of industrial and logistics properties in Europe, is moving forward with the construction of a new 10,800 sqm building at CTPark Oradea North, further expanding its presence in western Romania. With this addition, the company’s development pipeline in Oradea now exceeds 100,000 sqm of gross leasable area. Located […]
The Romanian Investment and Development Bank (BID) has joined the Three Seas Initiative (3SI) Innovation Fund with a EUR 20 million commitment, becoming the fifth national promotional institution to back the EIF-led instrument. The fund, which backs growth-stage companies across Central and Eastern Europe, has now reached EUR 100 million in national contributions from Romania, […]
2025 will end with over 1,000 premium and luxury dwellings delivered in new residential projects from Bucharest and its surroundings, a record for the recent history of the local residential market, according to a market report issued by real estate consultant SVN Romania. The surge is driven by several medium- and large-scale developments, each featuring […]
