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.
The 2025 edition of the year’s first major film fest in Europe (and one of the biggest worldwide), the Berlin International Film Festival, took place between 13 and 23 February. My notes come with a bit of delay, as I was also hit by the festival flu that got so many of us sniffling and […]
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
