The national currency appreciated on Monday by comparison to euro, which was calculated by the BNR at 4.9490 lei, dropping by 0.01 bani against the previous quotation, of 4.9491 lei.On the other hand, the leu lost ground to the American dollar which was 4.5714 lei up by 7.30 bani (+1.62%) as compared to Friday when it was 4.4984 lei.The national currency lost against the Swiss Franc, calculated by BNR at 4.9399 lei, up by 4.20 bani (0.85%) against 4.8979 lei, the previous quotation.The gold gram got more expensive on Monday by 12.47 lei (4.43%) up to the value of 293.9846 lei, from 281.5126 lei in the previous session.On the international markets, the European currencies dropped on Monday morning at new minimum as the war in Ukraine goes on, which determines the traders to sell a part of the assets in liquidity, says Bloomberg.On the markets in Asia, the euro got to parity with the Swiss Franc, for the first time after January 2015, due to the worries of the investors with regard to the invasion of Ukraine by Russia. Similarly, the Polish zlot reached a historic minimum by comparison to the euro. Over the last week, all currencies in Eastern Europe depreciated by comparison to the dollar, the first being the Russian rouble.No European currency escaped the trend for selling over the last month. The euro, the second most traded currency at world level, depreciated with almost 5%.
The four parties seeking a new ruling coalition in Romania have nominated candidates over the weekend for the ministries they are supposed to oversee, while a final agreement on the coalition's protocol is expected to be sealed on June 23. Some of the candidates proposed by parties have already prompted criticism, while prime minister-designate Ilie […]
The Romanian government has published a draft decision approving a strategic programme for the development and modernisation of Bucharest Băneasa – Aurel Vlaicu International Airport (AIBB-AV) covering the 2025–2035 period, Agerpres reported on June 20. The...
Romanian furniture manufacturer Taparo, a key supplier to IKEA and major European retailers, is nearing bankruptcy after its judicial administrator formally requested the Maramureş Court to initiate bankruptcy proceedings, citing the full cessation of the company’s operations. The request, filed on May 29, was recorded in the Insolvency Proceedings Bulletin,
Romania will maintain its standard VAT rate at 19% but will eliminate most preferential VAT rates beginning in August, retaining reduced rates only for food and medicines, Digi24 reported on June 20, citing sources close to the negotiations between president...
In a recommendation to be published on June 23 and proposed for endorsement in the July 8 meeting of the Economic and Financial Affairs Council (ECOFIN), the European Commission sets an updated fiscal consolidation trajectory for Romania, sets October 15 as a deadline for the annual update under the Excessive Deficit Procedure (EDP), and requires […]
The Economic and Financial Affairs Council (ECOFIN) on June 20 adopted a new decision establishing that Romania has not taken effective action in response to Council recommendations in the context of the Excessive Deficit Procedure. No further action was taken yet, however. Specifically, Romania failed to observe ECOFIN’s January 21 recommendation, which stipulated that the […]
