The foreign currency reserves of the National Bank of Romania clocked in, at the end of August 2021, at 41.616 billion euro, an increase by 6.68 pct over the level of 39.008 billion euro recorded on July 31, 2021, the central bank announced on Wednesday.During the month there were incomes totaling 3.343 billion euro, representing: amending the minimum reserves in foreign currency constituted by the credit institutions at the BNR; the filling of the Finance Ministry accounts; crediting the DST account with the share that belongs to Romania following the entry into force of the new general allotment of DST by the IMF with the date of currency August 23, 2021 (1.736 billion DST, approximately 2.100 euro equivalent); the filling of the European Commission account and others.Furthermore, there were outputs of 735 million euro, representing: the amendment of the minimum reserves in currency constituted by the credit institutions with the BNR; payments of installments and interest rates on account of the public debt denominated in foreign currency and others.The level of gold reserves remained at 103.6 tons. Given the evolution of international prices, its value clocked in at 5.114 billion euro.The international reserves of Romania (currency plus gold) on August 31, 2021, were of 46.730 billion euro, over 44.130 billion euro on July 31, 2021.The payments due in September 2021 accounting for the public debt denominated in foreign currency, direct or guaranteed by the Finance Minister, total around 74 million euro.
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 […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
