The National Bank of Romania achieved a profit of 2.4 billion RON last year, an increase of 124% compared to that recorded in 2022, according to the 2023 Annual Report published on Thursday by the National Bank of Romania."The financial result achieved on December 31, 2023 registered a significantly favorable evolution compared to the previous year, recording a profit in the amount of 2.428 billion RON, 124% (+1.346 billion RON) higher than the one recorded in 2022 (1.082 billion RON), mainly due to the following developments: obtaining an operating profit in the amount of 4.848 billion RON, 3% (-155.714 million RON) below the operating profit of the previous year (5.004 billion RON); of expenses with unfavorable differences from the revaluation of securities denominated in foreign currency in the amount of 260.464 million RON, 13 times (-3.072 billion RON) lower than the level of similar expenses recorded on December 31, 2022 (3.333 billion RON); the recording of expenses with the unfavorable differences from the revaluation of net assets in foreign currency in the amount of 2,159,304, 4 times higher (+1,570 billion RON) than the level of similar expenses recorded on December 31, 2022 (588,643 million RON)," the document says.According to Law no. 312/2004 regarding the Statute of the National Bank of Romania, the main destination was a share of 80% of the bank's net revenues owed to the state budget, in the amount of 1.942 billion RON.Also, the amount of 291.438 million RON was allocated to increase the bank's statutory reserves (representing 60% of the remaining profit after deducting the 80% share of the net revenues destined for the state budget). The remaining profit in the amount of 194.293 million RON will be distributed in 2024 according to the legal provisions.
TikTok has launched an Election Center dedicated to Romania's upcoming elections as part of its broader effort to protect "the integrity of the platform" and promote access to reliable information. The initiative is supported by a new media literacy campaign and ongoing collaboration with more than 20 fact-checking partners, the company said in a statement. […]
Romanian acting president Ilie Bolojan met on Friday, April 25, with a delegation from the Office for Democratic Institutions and Human Rights, or ODIHR, of the Organization for Security and Cooperation in Europe (OSCE), according to a statement from the presidential administration. The acting president told the delegation that Romania "is faithful to democratic principles […]
Shareholders of Romanian oil company OMV Petrom recently approved the distribution of record dividends amounting to RON 2.8 billion (EUR 562.6 million) for the 2024 financial year, as well as the 2025 budget, which provides for investments of RON 8.1 billion (EUR 1.6 billion). The decision was taken during the Ordinary and Extraordinary General Meetings […]
The 2025 edition of the European Film Festival (FFE), which takes place this year in Bucharest and nine other cities, will screen more than 40 feature films, 28 of which are national premieres. The festival will also present two selections of short films, also screened as national premieres. Among them are 11 documentaries, 13 films […]
Update: The Romanian Ministry of Foreign Affairs said in an official press release that the Romanian citizen was initially detained in the Abkhazia region four months ago and was later transferred to Sochi, Russia. "Steps have already been taken to provide consular protection and assistance with the central and local authorities, in accordance with international regulations," […]
Russia’s Federal Security Service, FSB, said on Friday, April 25, that it arrested a 23-year-old Romanian citizen on suspicion of spying for Ukraine by sharing the locations of Russian air defense systems. The unnamed man is accused of collecting and transmitting information about air defense sites in the Black Sea resort city of Sochi to […]
