The National Bank of Romania (BNR) injected on Monday, in the banking market, 16.65 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 2.49 pct per annum, down from Friday, 3.36 pct per annum, and for overnight deposits (ROBOR) the interest rate dropped to 2.81pct per annum, from the level of the previous session, of 3.66 pct per annum. The 3-month ROBOR index dipped on Friday to 3.34 percent per annum, from 3.38 percent per annum. At the beginning of the month, BNR also conducted one repo-type operation, through which it offered banks 9.7 billion lei. In September, BNR carried out three repo type operations, through which it offered the banks 16.9 billion lei. Repo operations are liquidity-providing reverse transactions whereby BNR buys eligible assets from credit institutions upon their commitment to repurchase the assets at the date and the price agreed on the date the transaction was concluded.
February 24, 2025, marks three years since Russia's invasion of Ukraine. In this context, interim president Ilie Bolojan reaffirmed Romania's full commitment to Ukraine's freedom, sovereignty, and independence. In a post on X, the Romanian leader said, "As we count 3 years since Russia's full-scale invasion against Ukraine, Romania reaffirms its full commitment to UA's […]
The US bases in Romania "are maintained and will even increase in importance," the US special envoy for Ukraine and Russia, Keith Kellogg, reportedly told Romanian foreign minister Emil Hurezeanu, according to Hotnews.ro. Kellog made...
Bucharest mayor Nicusor Dan, who decided to run for president after the isolationist candidate Calin Georgescu won the first round of the scrapped presidential ballot last November, argued that the US administration's bias towards Georgescu is only an effect of the asymmetric information caused by insufficient explanations provided by the Romanian...
The messages posted by Elon Musk on various social networks in support of the Romanian isolationist politician Calin Georgescu "is a form of interference with the country's domestic politics," Romanian foreign minister Emil Hurezeanu said, speaking for Prima TV station on February 22. Hurezeanu stressed that Musk "is only a private person,...
Major French drugs gangland figure Mohamed Amra, at that moment in pre-trial detention for a murder committed in 2022 in Marseille, escaped in May 2024 upon an armed operation causing the death of two prison officers, was captured by the Romanian law enforcement forces on February 22 and will be extradited to France within 30 […]
Romanian businessman Ovidiu Budeanu, the developer and owner of Arena Mall Bacău, is expanding the shopping center in a EUR 65 million project set to be completed next year. The investment will increase the mall’s surface area by 70%, with expansion works having commenced in 2023,
