The National Bank of Romania (BNR) injected on Monday, in the banking market, 10.234 billion lei, through a 7-day repo operation, with an interest of 2.5 percent per annum, equal to the key interest. BNR also posted, in the first half of Monday, an average interest rate on deposits attracted (ROBID) for a day (overnight) of 2.39 pct per annum, down from 2.57 pct, and for overnight deposits (ROBOR) the interest rate dropped to 2.70 pct per annum, from the level of the previous session, of 2.88 pct per annum. The 3-month ROBOR index dipped to 3.20 percent per annum, from 3.24 percent per annum. BNR also conducted two, repo-type operations this month, through which it offered the banks 17.65 billion lei.
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The Patriarch of the Romanian Orthodox Church, Daniel, congratulated Pope Leo XIV for succeeding Pope Francis on Thursday, May 8. He expressed confidence that the new pope will continue to promote "the spirit of dialogue, peace, and cooperation between the Roman Catholic Church and the Orthodox Church." "In a world facing multiple spiritual, economic, and […]
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Joseph Stiglitz, the famous economist and professor at Columbia University in New York, and winner of the Nobel Prize in economy in 2001, told an audience in Cluj, Romania, that governments must stimulate exports and key sectors when facing deficits. Stiglitz was in Romania on Thursday, May 8, to receive the title of Doctor Honoris […]
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Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
