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.
The HALO Events Center in Bucharest is set to open the largest event space in Europe equipped with a 360° panoramic LED display within the Romexpo complex. The new location is designed for large-scale, fully digitalized events, and it is the result of an EUR 4 million investment. The venue has a maximum indoor capacity of […]
The concept of the mega-project DraculaLand, a privately funded development exceeding EUR 1 billion that aims to become the largest entertainment, retail, and technology destination in Europe, was recently unveiled. The investment is planned for a 160-hectare site not far from Bucharest and aims to position Romania as a new global hub for large-scale entertainment, […]
FEPRA has opened new PET and glass recycling facilities in Brad, Hunedoara county, an initiative expected to boost the recycling capacity of both the region and Romania. The two units, inaugurated on December 1 in the presence of local authorities, come as Brad–Hunedoara continues to search for long-term economic alternatives after years of industrial decline. […]
Ukraine’s Security Service, or SBU, announced on Wednesday, December 3, that all its “Sea Baby” maritime drones engaged in operational missions in the Black Sea region have been identified, that it has not lost any of them, and that none entered Romanian territorial waters. The announcement came after Romania’s Defense Ministry said in a press […]
Rescuers part of the Brașov County Salvamont Service spent the night in the Bucegi Mountains on Wednesday to Thursday, December 3-4, to continue searches for missing 18-year-old British citizen George Smyth. In the morning, the team of 17 mountain rescuers who slept in a chalet resumed the search in the Țigănești area despite difficult conditions […]
Roughly nine in ten Romanian employers plan to award Christmas benefits to their staff this year, according to a new survey conducted by leading online recruitment platform eJobs. The findings show that 89.7% of employers have prepared holiday perks for December, while 10.3% reported having no budget available for this purpose. As in previous years, […]
