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.
CATANE, the feature debut of director Ioana Mischie, has received an international nomination at the prestigious Hollywood Music in Media Awards for its original score composed by Emiliano Mazzenga. The film’s music has been selected among the top five film scores worldwide in the International Independent Film category. The film is the first Romanian production ever […]
Moldovan prime minister Alexandru Munteanu arrived in Bucharest on Thursday, November 13, for his first official foreign visit since taking office. He met with president Nicușor Dan and Romanian counterpart Ilie Bolojan before visiting the Parliament, where he met with the president of the Senate, Mihai Abrudean. After the first meeting, president Nicușor Dan stated […]
Bucharest maintains a steady flow of new office developments, with nearly 170,000 square meters of projects scheduled for delivery between 2026 and 2027, according to the latest Bucharest Office Marketbeat Q3 2025 report from Cushman & Wakefield Echinox. Despite a 25% drop in total leasing activity compared to last year, demand remained solid, with companies […]
The number of Romanians seeking work abroad has fallen to its lowest level in five years, according to new data from leading online recruitment platform eJobs. So far in 2025, only 106,000 applications were submitted for jobs outside Romania out of a total of 9.8 million, representing just 1.1% of all job applications. Employers abroad […]
Four young Romanians from Prahova County created Youllgetit.eu, a platform containing a database with thousands of internships dedicated to students in Europe. The youths are former members of the RO2D2 robotics, and are now students at top universities in Romania, Switzerland, Germany, and the Netherlands. Luca Moșu, one of the creators of the platform, told […]
Banca Transilvania, a leading bank in Romania, and BPC, a global leader in payments solutions, have completed the first Romanian pilot of the EU Digital Identity Wallet (EUDIW) for payments, enabling cardholders to authenticate online purchases with their new European Digital ID. The project forms part of the EU Digital Wallet Consortium led large-scale pilot funded by […]
