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."
Romania will again switch to winter time this weekend, in the night from Saturday to Sunday, October 25-26. Thus, at 4:00 am, clocks will be turned back one hour to 3:00 am, marking the return to Eastern European Time (EET) and making Sunday the longest day of the year, lasting 25 hours. The time change […]
Fredel is redefining how families in Romania and across Europe access elite education and lifestyle learning. Founded by Martyn Birchall, an education expert, Fredel works with like-minded families who believe in investing early in the future of their children. At its heart, Fredel is not just an educational consultancy — it...
Travel platform Lonely Planet has published a list of best Halloween destinations to try in Europe and Romania’s famous region of Transylvania is at the top. Best known as the place where Dracula’s Castle is located, the Romanian region is also home to the Citadel of Sighişoara or the spooky Hoia-Baciu Forest in Cluj-Napoca. “Forget […]
On a crisp November evening, Bucharest sheds its autumn gloom and slips into something far more vivid. Inside the Radisson Blu Hotel, the lobby glows with candlelight, bursts of marigold yellow, and the hum of anticipation. This year’s Halloween celebration isn’t about fright, it’s about life. On November 1, the five-star hotel on Calea Victoriei […]
Bitdefender, the global cybersecurity leader born in Romania, announced the extension of its multi-year partnership and collaboration agreement with Scuderia Ferrari HP, the Formula 1 racing division of Ferrari. Under the renewed agreement, Bitdefender will remain Ferrari’s exclusive global partner in the cybersecurity category and will...
Cluj-Napoca will build a center for the victims of domestic violence following an investment of EUR 5 million, mayor Emil Boc announced on October 20. The center will consist of an administrative building, with spaces for social, medical and psychological counseling, offices, kitchen, dining room and activity areas; and a building with 14 fully equipped […]
