Romanian education trade unions are maintaining their warning of a general strike and possible boycott of the new school year after failing to secure concessions from the government during talks on August 11, Economica.net...
As of end-November 2024, the forex reserves of the National Bank of Romania (BNR) stood at 61.174 billion EUR, down by 2.65% compared to the level recorded on October 31, 2024, of 62.841 billion EUR, the central bank announced in a release sent on Monday.Inflows recorded in November 2024 amounted to 4.374 billion EUR, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the accounts of the Ministry of Public Finance, other.Outflows stood at 6.041 billion EUR, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on the foreign currency public debt (some 649 million EUR), payments from the European Commission's account, other.Romania's gold holdings remained unchanged at 103.6 tonnes worth 8.399 billion EUR, as per the current international prices.Romania's international reserves (foreign currencies and gold) as of November 30, 2024 amounted to 69.573 billion EUR, compared to 71.361 billion EUR at October 31, 2024.Payments due this December on the public and publicly guaranteed foreign currency-denominated debt amount to roughly 441 million EUR.
Romanian education trade unions are maintaining their warning of a general strike and possible boycott of the new school year after failing to secure concessions from the government during talks on August 11, Economica.net...
The Social Democratic Party (PSD) expressed several conditions to be met by the ruling coalition before it attends the coalition meetings, interim president Sorin Grindeanu announced on August 11 after a meeting of the party's leadership, Digi24...
Romanian engineering company Simtel has signed a EUR 19.1 million (USD 20.83 million) contract with Verbund Wind Power Romania, part of Austria’s Verbund group, to design, construct, and commission a 60 MWp photovoltaic park in Casimcea, Tulcea County. The project will be implemented over 15 months, followed by a 36-month performance guarantee period. Simtel will […]
Romania’s state-owned electricity producer Hidroelectrica has launched a RON 158 million contract for the construction of the Tudor Vladimirescu photovoltaic park in Brăila County, Energy Tehnologies & System documents show, as reported by Profit.ro. The 45 MW project has been...
Olvia Investments, a Cyprus-registered real estate investment company within the Island Oil Holdings group, is seeking to acquire Green Port Operator, a port logistics firm in Constanța, with plans to build a liquid products terminal in the Black Sea port,
Romania’s Q2 GDP is expected to show a mild contraction of -0.1% q/q and -1.8% y/y in Q2, due to weak confidence and base effects, Erste Group says in a research note. Romania’s statistics office will announce flash Q2 GDP data on Thursday, August 14. The 1.8% y/y decline expected by Erste for the country’s economy […]