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.
The Romanian state, through the Ministry of Transport led by Ciprian Şerban, is analysing the possibility of taking over the 20% stake that Fondul Proprietatea (BVB: FP) holds in Porturi Maritime Constanţa (CNAPMC). The move would make the state the sole shareholder of Romania's most important logistics hub, responsible for import-export, transit, storage, and operation […]
Romanian companies are increasing investment and accelerating digital transformation, but remain more cautious about the economic outlook than their EU counterparts, according to the European Investment Bank's newly released EIB Investment Survey 2025 – Romania overview. The report showed that 78% of Romanian firms invested in the past year, an improvement over previous editions yet […]
Wizz Air announced on Monday, December 8, the reopening of its base in Târgu Mureș, marking the company’s ninth operational base in Romania. The low-cost carrier will station an Airbus A320neo at Transylvania International Airport, increasing its Romanian fleet to 39 aircraft this winter. Wizz Air now offers 10 routes to eight countries from […]
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
