Several exhibitions remain open in Bucharest during the Easter weekend, when those who haven’t left the city can enjoy the Open Streets event or visiting the Botanical Garden. In Bucharest: Open Streets Every weekend until October 13 ...
The Romanian banking sector is not directly exposed to the risks associated with the conflict in Ukraine, and the attracted deposits amount to a modest value for our system, of 17.9 million lei for Russia and 40.7 million lei for Ukraine, Leonardo Badea, vice president of the National Bank of Romania (BNR), said on Thursday."The Romanian banking sector is not directly exposed to the risks associated with this conflict [from Ukraine - editor's note]. Exposures of the credit institutions are low in respect to the trade-off with Russia or Ukraine, there are no such granted loans and advances in balance sheets, and the attracted deposits amount to a modest value for our system, of 17.9 million lei for Russia and 40.7 million lei for Ukraine, according to the data from December 2021. About 300 enterprises running on capital from Russia have been identified, but the role these firms play among the total non-financial companies in insignificant, as they generate 0.1pct of gross value added, produce 0.66pct of turnover, hold 0.2pct of the total assets of non-financial companies and employ 0.08pct of the total number of employees," said Leonardo Badea, at the European Financial Services Conference ECFS2022, organized by the Institute of Financial Studies.According to him, the exposures of credit institutions in Romania to domestic companies running on Russian capital are very low, of 71 million lei. The long-term private debt to non-financial creditors of Russian companies stood at 145 million euros at the end of 2020.He also referred to the impact on the energy sector, noting that between January and November 2021, 70pct of the gas consumed in Romania was from local production and only 10pct of the total consumed by Romania was supplied by Russia.
Several exhibitions remain open in Bucharest during the Easter weekend, when those who haven’t left the city can enjoy the Open Streets event or visiting the Botanical Garden. In Bucharest: Open Streets Every weekend until October 13 ...
Far-right Romanian senator Diana Șoșoacă has entered the race for mayor of Bucharest after gathering all the necessary signatures for her candidacy. The Electoral Office accepted her candidacy on the very last day she was eligible to submit it. This came after her application was rejected over the weekend because she did not have enough […]
An article recently published by US financial magazine Bloomberg highlights Romania as a potential destination for high-end travelers. The article begins by noting that the country recently joined the Schengen Area, meaning that European Union citizens traveling there by air or sea will not need a passport. ...
Romanian director Tudor Giurgiu returns to the United States this month to promote his latest feature film, Libertate/Freedom. Scheduled for May 4-13, the tour starts in Los Angeles, passes through Atlanta, and ends in New York. The film will be screened as part of the South East European Film Festival in Los Angeles on Saturday, May 4, […]
The Romanian Ministry of Foreign Affairs (MAE) announced on May 1 that, following the efforts of the Interinstitutional Crisis Cell through the Romanian Embassy in Cairo and the Romanian Representative Office in Ramallah, nine Romanian citizens and their family members were evacuated from Gaza Strip and reached the territory of Egypt through the Rafah border […]
Over the past three months, dozens of members and heads of regional organizations or even party candidates have left the far-right party AUR, accusing its authoritarian leadership, G4media.ro reported. Other...