Romanian lender BCR, part of Austrian group Erste, said it would exchange the Ukrainian currency hryvnia UAH to the Romanian RON as part of a series of measures to support Ukrainian refugees. It will exchange cash UAH to RON, at the exchange rate set by the central bank BNR, within a limit of RON 2,000 (EUR 400) per person/ Ukrainian passport. This is available only to holders of Ukrainian passports. Upon arriving in Romania, Ukrainians found they could not exchange their money as the Ukrainian currency wasn’t included in the banks’ currency exchange service. BCR said it would not apply fees to POS and ATM transactions performed with cards issued in Ukraine, or to inter and intra-banking payments. Eleven BCR branches can cover the need for additional cash 24/7, the lender said. These are located in border areas, and additional teams work to resupply the bank’s ATMs. The bank said it also opened a donation section on its online service George for children and youth in Ukraine and made financial donations to Salva?i Copiii (Save the Children), Crucea Ro?ie Român? (Romanian Red Cross) and the Association of Young Ukrainians in Romania, three NGOs involved in the refugee crisis. It also made its buildings in areas close to the Ukrainian border available to be used as storage for aid or other intervention supplies, it said.
Impact Hub Bucharest, in partnership with EIT Food, has opened the applications for Empowering Women in Agrifood (EWA), an EIT Food acceleration program dedicated to female entrepreneurs and their projects in the agri-food sector. Ten female entrepreneurs from the agri-food sector will benefit from mentoring, training sessions and ongoing support, access to an international community […]
The United States Embassy in Bucharest has announced an update to visa requirements for Romanian citizens wishing to travel to the US, following president Donald Trump's decision to suspend Romania's entry into the Visa Waiver Program. According to the announcement, starting April 7, 2025, all temporary visa applicants must present a printed copy of the […]
Real estate developer Speedwell Development has appointed Yannick Van de Parre as country manager for Romania. In this new role, he will support the co-founders Jan Demeyere and Didier Balcaen with the executive management of Speedwell Romania, “ensuring operational efficiency across all projects and leading the local team as the company continues its growth in […]
Digital Nation and the Ministry of Education and Research have partnered for the implementation of Saro, an AI-based solution, in schools and universities across Romania. The solution will allow students, pupils, and teachers access to an AI-powered assistant designed to address challenges such as school dropout, excessive bureaucracy, declining motivation, the need for personalized learning, […]
The town of Borșa, in northern Romania, is in discussions with the North-West Regional Development Agency to obtain at least EUR 50 million to connect its Olympic ski slope with the old slope in the Runcu Știol area and the one in Prislop Pass, resulting in approximately 25 kilometers of interconnected ski slopes. The funds […]
Britain imposed sanctions on April 2 on pro-Kremlin network Evrazia, a Russian non-profit organization used by fugitive oligarch Ilan Shor to bribe Moldovan citizens in the 2024 EU referendum, according to newsMaker. The pro-Kremlin network is accused of rigging Moldovan elections and destabilizing Moldovan democracy. ...
