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.
Romanian prime minister Marcel Ciolacu said on Monday, February 24, that a "lasting peace" in Ukraine cannot be achieved without the involvement of the United States, and argued that Romania does not have to choose between it and the European Union. The statements come as the Trump administration is currently negotiating a resolution to the […]
Romania's acting president, Ilie Bolojan, has invited leaders of parliamentary parties to consultations on Wednesday, February 26, to prepare the country's stance for the extraordinary European Council meeting on March 6 in Brussels. The summit, convened by European Council president Antonio Costa,...
Roughly 40 searches took place in the Port of Constanța and other locations on Monday, February 24, in an investigation by the Anti-Corruption Directorate, or DNA, targeting influential local businessmen, former customs officials in the port, and one of the leaders of the Constanța branch of the governing Social Democratic Party (PSD). The prosecutors’ accusations […]
The Bucharest Community Foundation has announced funding for two new projects aimed at enhancing climate resilience in the Romanian capital by implementing sustainable ecological solutions to improve urban infrastructure and environmental quality. The projects were selected through the sixth round of the Environmental Platform for Bucharest initiative. Out of 16 eligible proposals, the jury chose […]
One of the hostages released on Saturday, February 22, by the terrorist organization Hamas also holds Romanian citizenship. The exchange took place before another setback in negotiations and exchanges. Hostages Tal Shoham and Avera Mengistu were released during a staged event in Rafah, and hostages Eliya Cohen, Omer Shem Tov, and Omer Wenkert were released […]
Polish company Scallier, who is expanding its network of Funshop Park retail parks in Romania, is set to open a new shopping center in the Arad region. The opening date for the roughly 10,000 sqm retail park is March 6. The decision to build a retail park in the Arad region in western Romania was […]
