On January 31, 2025, the National Bank of Romania's (BNR) foreign exchange reserves stood at EUR 60,837 million, as against EUR 62,135 million on December 31, 2024, BNR reported on Monday.During the month, there were EUR 2,716 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.Also, EUR 4,014 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 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 8,973 million.As of January 31, 2025, Romania's international reserves (foreign currencies and gold) stood at EUR 69,810 million, as against EUR 70,491 million on 31 December 2024.In February 2025, the payments due on the foreign currency-denominated public and publicly guaranteed debt amount to approximately EUR 543 million.
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 […]
NEPI Rockcastle NV, Europe’s third largest listed retail real estate company by portfolio value, has appointed Romanian Marius Barbu as Chief Operating Officer (COO) with effect from April 1, 2026. He will succeed Marek Noetzel, current COO and CEO-designate. Barbu has also been nominated as a Board Director and will stand for election at the […]
