The exchange rate climbed on Tuesday towards the 5.1 lei/euro threshold, and this depreciation will be seen in higher prices for various products and services, interest rates have risen and are likely to remain high, which makes investors and the business environment have some legitimate concerns, said the executive director of the Concordia Employers' Confederation, Radu Burnete. 'After a long period of stability for the exchange rate (1-2 years), today we have seen a rapid rise towards the 5.1 leu/euro threshold, amid growing pressures on the foreign exchange market. The central bank has made efforts and intervened recently to defend the exchange rate, but this could not be done indefinitely. The depreciation of the leu will be seen in higher prices for various products and services (telephone, gas, petrol, etc.), which means higher inflation. However, Romanian products will become more competitive for export, which could help to reduce the trade deficit and balance Romania's external situation', Burnete explained. According to him, interests could be kept at a high level, due to the need to finance the state.'Amid all this uncertainty, interest rates have risen and are likely to remain high, given the government's pressing need for financing in the context of a very high deficit. The moment is a sensitive one, and investors and the business environment have some legitimate concerns,' Radu Burnete pointed out. The Stock Exchange in Bucharest reacted negatively at the results of the first round of presidential elections and at the changes on the political scene, while interests which indicate the cost of loans increased, and the exchange rate of leu/euro surpassed the psychological threshold of 5 lei on Tuesday.According to the BNR data, the euro was quoted to 5.0378 lei on Tuesday, up by 6.03 bani (1.21%) against the previous quotation, of 4.9775 lei, registering a historic maximum.The three-month ROBOR index, which is used to calculate the cost of variable-rate consumer loans in lei, rose to 6.08% p.a. from 5.90% p.a. in the previous session.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
