On 31 August 2023, the National Bank of Romania’s foreign exchange reserves stood at EUR 53,901 million, compared to EUR 53,936 million on 31 July 2023. During the month, the following flows were recorded: EUR 1,932 million worth of inflows representing: changes in credit institutions’ foreign currency-denominated required reserves with the NBR; inflows into the Ministry of Finance’s accounts; inflows into the European Commission’s account and other; EUR 1,967 million worth of outflows representing: changes in credit institutions’ foreign currency-denominated required reserves with the NBR; interest payments and principal repayments on foreign currency public debt (including the repayment of the Ministry of Finance’s USD-denominated bonds in amount of USD 1,209.48 million) and other. The gold stock remained steady at 103.6 tonnes. However, following the change in the international price of gold, its value amounted to EUR 5,958 million. On 31 August 2023, Romania’s international reserves (foreign currencies and gold) stood at EUR 59,859 million, compared to EUR 59,843 million on 31 July 2023. During September 2023, the payments due on the foreign currency-denominated public and publicly guaranteed debt amount to approximately EUR 747 million.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
