The national currency has depreciated on Thursday compared to the euro, continuing, practically, its descending trend started last week, the internal political situation having no influence on the exchange rate, believes Adrian Codirlasu, deputy chair of the CFA Romania Association."The course depreciated a little. Practically it continued the depreciation trend started last week. The CFA Romania forecasts are that the depreciation will continue, and for the 12 months horizon is 5.04 RON for a euro, and for the six months horizon it's 4.98 RON for a euro. The euro-RON exchange rate closes this year under 5 RON, to exceed 5 RON next year. What could determine this? On one hand it's inflation, which is higher than that in the euro zone, as well as the macro imbalances at the level of Romania, especially current account imbalances," said Adrian Codirlasu.Asked if the internal political situation influenced the situation of the exchange rate, Codirlasu said "if this government falls this could affect the financial markets because an aversion to risk is created," but that for the moment it had no influence.The national currency reached on Thursday a new historical maximum in relation to the RON, as the calculated exchange rate of the National Bank of Romania (BNR) was 4.9386 RON/euro, a 0.41 ban increase (0.08 pct) over the previous quotation, of 4.9345 RON.The previous record was established on August 30, when one euro was traded for 4.9349 RON.
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
Romania’s former prime minister, Marcel Ciolacu, won around 52% of the votes cast for the leadership of the Buzău County Council, a position he previously held. Ciolacu, backed by the Social Democratic Party (PSD), was followed by the candidate of the far-right party Alliance for the Union of Romanians (AUR), Ștefan Avrămescu, with 27% of […]
Romanian producers from Timiș and Tulcea claimed three gold medals at the 2025 edition of the Concours International de Lyon, one of Europe’s leading cheese and dairy competitions. Held in Lyon, the event brought together products from 15 countries and awarded a total of 680 medals, including 459 gold and 221 silver. From Romania, Asociația […]
Allianz-Țiriac Asigurări and Campion Grup, owner of one of Romania’s largest insurance brokerage companies, have signed an agreement under which the insurer will acquire the entire shareholding of Campion Broker. Founded in 2007 by entrepreneur Octavian Tatomirescu, Campion Broker currently ranks seventh among insurance brokerage firms in Romania and operates a nationwide distribution network of […]
Romania’s national team learned its potential group-stage opponents for the 2026 FIFA World Cup on Friday, December 5, during the official draw held at the John F. Kennedy Center for the Performing Arts in Washington, D.C. The winner of the UEFA play-off path that includes Romania will join Group D, alongside the United States, Paraguay, […]
