As of end-May 2024, the forex reserves of the central bank (BNR) totalled EUR 65.072 billion, up 4.1% compared to the level of EUR 62.511 billion at the end of April 2024, according to a BNR press release sent on Monday.Inflows recorded in May 4.444 billion euros, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the accounts of the Ministry of Public Finance (including amounts resulting from the issuance of some MF eurobonds, with a total nominal value of about 3.242 billion euros), the replenishment of the European Commission account and others.There were also outflows of EUR 1.883 billion, representing changes in the minimum foreign currency reserves held by credit institutions with the BNR, interest and instalment payments on foreign currency-denominated public debt (approximately EUR 625 million) and others.Romania's gold holdings remained unchanged at 103.6 tonnes worth EUR 7.189 billion, as per the current international prices.Romania's international reserves (foreign exchange plus gold) on May 31 2024 were EUR 72.269 billion, compared with EUR 69.700 billion on 30 April 2024.Payments due in June 2024 on account of foreign currency-denominated public debt, direct or guaranteed by the Ministry of Finance, totalled around EUR 148 million.
Fashion retailer Primark announced major plans to expand its presence in Romania, confirming four new store openings for 2026. This will double its presence in the market and create over 450 new jobs. The announcement arrived at an important moment for the company, which marked three years since the opening of its first Romanian store […]
Romania’s National Road Investment Company (CNIR) awarded on Tuesday, December 16, the contract for the design and construction of the Bacău–Piatra Neamț express road to a Romanian–Bulgarian consortium. The value of the contract is RON 5.17 billion (some EUR 1 billion), excluding VAT, and its signing will take place if no appeals are filed. The […]
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
Bucharest Tribunal rejected on Wednesday, December 17, an appeal filed by former presidential candidate Călin Georgescu against a lower court decision to keep him under judicial control in a case in which he is accused of promoting legionary ideology. The ruling is final,
