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.
TEKUNI, a program dedicated to students and young entrepreneurs, was launched in Timișoara through a pilot project, with a future goal of nationwide expansion. The program offers a complete training path, structured into 7 modules that cover all stages of building a startup: from idea validation and MVP development to branding, marketing, legislation, finance, leadership, […]
The Romanian capital will be in the spotlight at the festival Un Week-end à l'Est, which runs in Paris until December 1. The event, which aims to present the artistic, literary, and intellectual richness of an Eastern European city, has previously focused on Warsaw, Odessa, Kyiv, Sofia, or Budapest. At its ninth edition, it is […]
Romanian tax agency ANAF has sued former president Klaus Iohannis in order to recover the loss of use of half of a property in the center of Sibiu. “The action represents a continuation of the steps that ANAF has taken for the recognition of the state’s ownership right and the recovery of compensation determined by […]
Romania will face Turkey in the semi-final of the World Cup qualifying play-offs, with the match scheduled to take place away from home on March 26 next year, Biziday.ro reported. A win would send the national team into the play-off final on March 31, where it would meet the winner of the Slovakia–Kosovo match. Romania […]
An exhibition showcasing various depictions of the traditional Romanian blouse ia, including Henri Matisse’s iconic La Blouse Roumaine, is opening this weekend in Bucharest, while Cluj is entering festive mode with...
Mercenary Horațiu Potra, who faces charges of attempting to undermine constitutional order in Romania, is being flown back to Bucharest under police escort after authorities in the United Arab Emirates approved his extradition,
