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."
Romanian director Cristian Mungiu will be part of the jury that will judge the films in the main competition of this year’s Venice Film Festival - Venezia 82. The jury, headed by American director Alexander Payne, includes French director and screenwriter Stéphane Brizé, Italian director and screenwriter Maura Delpero, Iranian director and writer Mohammad Rasoulof, Brazilian actress, writer, and […]
Romania continues to face significant prison overcrowding, according to the Council of Europe’s latest data, released on Friday, July 18. The 2024 Annual Penal Statistics on Prison Populations (SPACE I) show that Romania is among six countries in Europe with severe overcrowding, housing 116 inmates for every 100 available places. The report, which...
Chris Hemsworth returns to Disney+ in August with a new season of the National Geographic documentary series Limitless, this time focused not just on longevity, but on discovering how to live better. Titled Limitless: Live Better Now, the three-part season follows Hemsworth through physical, emotional, and mental challenges across six countries, with one standout episode […]
The Black Sea 200 Regatta 2025, Romania’s first non-stop offshore regatta with a 200 nautical mile route, takes place between July 21 and 27. Now in its first edition, the event brings together more than 10 boats from Romania and Bulgaria, according to the organizers. The endurance course will start and finish in the Romanian […]
The National Environmental Guard has fined an illegally operating zoo in Dâmbovița county, southern Romania, a total of RON 120,000 following a joint inspection that uncovered serious violations, including the lack of environmental authorization and inadequate conditions for wild animals kept in captivity. The zoo was reportedly charging RON 50 per person for entry and […]
The National Cybersecurity Directorate (DNSC) and engineering company Enevo Group have signed a strategic cooperation agreement to strengthen cybersecurity in Romania’s energy sector. The partnership aims to test and develop monitoring and alerting technologies for cyberattacks, and to improve national response coordination to incidents affecting critical infrastructure, the companies said. The agreement focuses on sharing […]
