The National Bank of Romania (BNR) publicly reaffirms its commitment to the July 2021 updated version of the Global FX Code, together with the related guidance materials, according to a BNR press statement."The FX Global Code sets the standard for good market practice and first published in 2017. In order to keep its principles in line with the ongoing evolutions in the global foreign exchange market, in July 2021 there was published an updated version of the FX Global Code together with related guidance material, version that continues to promote the robust, fair, open and appropriately transparent foreign exchange market underpinned by high ethical standards. In this context, the National Bank of Romania publicly reaffirms commitment to updated version of the FX Global Code published in July 2021 together with related guidance materials, as well as, supports the importance of the FX Global Code on the Romanian foreign exchange market to continuous ensuring of its integrity and efficient functioning," reads the BNR statement.The National Bank of Romania also encourages foreign exchange market participants to adhere to the FX Global Code principles when acting as foreign exchange market participants by renewing their statements of commitment to the updated FX Global Code, and to review their internal procedures in order to align it with the updated principles of the FX Global Code, corresponding to the size and complexity of the activity of each participant carried out on the foreign exchange market."Considering the importance for central banks on well-functioning of the foreign exchange financial market, because ensures smooth transmission of the monetary policy to the real economy, which ultimately benefits both market participants and the public at large, today, the National Bank of Romania issues simultaneously with all members of the European System of Central Banks (ESCB), including the European Central Bank (ECB), the renewed statements of commitment to the Global FX Code."
More than half of Romanians (55.6%) believe that modern technologies such as 5G and artificial intelligence (AI) are being used to manipulate the population, while nearly 60% think pandemics and economic crises are part of secret plots by global powers, according to a new survey by polling agency Inscop, as quoted by Biziday.ro. The
Romanian president Nicușor Dan said he would like to run for a second term “in principle,” in an interview given on Monday, October 20. However, he noted that it is too early to make a decision. Dan said he would need another 5-year term, aside from the one just beginning, because it takes time to accomplish things. […]
Romanian state-owned railway operator CFR announced on Tuesday, October 21, the cancelling of around 70 trail routes across the country due to debts of RON 100 million (EUR 20 million). The company failed to pay railway usage fees. Initially, CFR SA announced that 37 trains will be temporarily suspended, only to later increase the figure. The […]
The Romanian Intelligence Service (SRI), in cooperation with national and international partners, has foiled a sabotage operation allegedly orchestrated by Russia on Romanian territory, the agency announced on Tuesday, October 21. According to SRI, the planned attack involved two Ukrainian citizens acting under the direct coordination of Russian intelligence operatives. The pair...
Interior minister Cătălin Predoiu made an official visit to Saudi Arabia on Monday, October 20, to meet Saudi counterpart Prince Abdulaziz bin Saud bin Nayef Al Saud. The visit, a first for a Romanian interior minister, is “an important step for cooperation in the fields of security, innovation, and artificial intelligence,” according to Predoiu. “Honored […]
Health minister Alexandru Rogobete unveiled the EUR 100 million digital platform designed to modernize Romania’s national health system and eliminate bureaucratic inefficiencies. The project is financed through the EU-backed National Recovery and Resilience Plan (PNRR). According to the minister, the new Health Insurance Information Platform (PIAS) will integrate patient records, prescriptions, referrals, and medical leave […]
