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.
Romanian prime minister Ilie Bolojan, on November 19, in an interview given to ProTV and quoted by Hotnews.ro, explained that the pension-wage cumulation ban will apply only to the so-called special pensions, namely those not based on past contributions, as opposed to all pensions as implied by Social Democrat (PSD) labour...
Statements by Romanian prime minister Ilie Bolojan about cutting by 10% the total personnel budget for all ministers and other similar contracting units, as opposed to only the central administration of the respective bodies, prompted on November 19 a radical reaction from the Social Democratic Party (PSD) and trade unions in the public sector. No […]
Romania’s Ministry of Labour unveiled for public consultations the revised law on magistrates’ pensions, and the government, in a press release, expressed its hope that the approval process, including by the Superior Council of Magistracy (CSM), will proceed expeditiously. However, CSM vice president Claudu Sandu has already publicly rejected the law as insufficient. The bill is […]
PPC, the largest power supplier in Greece, also active in Romania with distribution, production, and supply operations after it took over Enel's operations in the country, announced at the Capital Markets Day event investment plans worth EUR 3 billion over the next three years in Romania, according to Economica.net....
The Romanian authorities will prepare framework legislation aimed at smoothing the sale of Lukoil's assets, including Petrotel refinery, according to Digi24, citing sources familiar with the negotiations. Initially, minister of energy Bogdan Ivan said Romania must take...
Romgaz will not make investments in carbon capture (CCS) capacities until the projects are technically, economically, and commercially feasible, said Gabriela Trâmbițaș, the state-owned company's financial director, during the conference call with analysts following the publication of the third-quarter financial results, according to
