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."
Five IAR-99 SM aircraft, modernized at the Craiova Aircraft Factory, or Avioane Craiova, will be part of Romania’s air force coordinated by the Ministry of Defense. According to Dolj County Council president Cosmin Vasile, two of these aircraft performed a demonstration flight on Wednesday, March 12, in the presence of defense minister Angel Tîlvăr. "Five […]
At the International Property Awards in London, the world's most prestigious Awards program for all aspects of the Real Estate industry, STIRIXIS Group, the Greek design and consulting firm that designs and delivers buildings and spaces that act as catalysts for Real Prosperity worldwide, was honored with: 'The Best Public Service Design in the World […]
Edge Institute, a think tank made up of an independent group of experts united by the common vision of increasing Romania's digital development and evolution, was launched on Wednesday, March 12. The Institute aims to become a facilitator of digital transformation, bringing together expertise from the private, academic, and administrative sectors to provide viable solutions […]
The 24th edition of the Transilvania International Film Festival (TIFF), set to take place from June 13 to 22 in Cluj-Napoca, will feature a unique event that combines cinema with live music: Amadeus LIVE. The special event will present the 1984 film Amadeus, directed by Miloš Forman, which explores the life and genius of Wolfgang […]
As Europe moves toward a new era of industrial policy, Beko, the continent’s largest home appliance manufacturer, is making the case for a stronger, more unified approach. Attending the key event on the Deal, Beko emphasizes the urgent need to ensure that industries investing in decarbonization, energy efficiency, and innovation remain globally competitive. Having built […]
A recent survey conducted by Unlock Market Research for Colliers has revealed that fewer Romanians can afford to buy a home, with the percentage of urban homeowners standing at just 73%, significantly lower than the official statistic of 95%. Interest in homeownership has dropped from around 44% in previous years to 35% in 2025, driven […]
