The foreign exchange reserves of the National Bank of Romania (BNR) totaled 63.579 billion euros, at the end of July 2024, down by 1.26% compared to the level of 64.392 billion euros, on June 30, 2024, according to a statement from the Central Bank, transmitted on Wednesday.During July, there were inflows of 2.444 billion euros, representing the change in the minimum reserves in foreign currency constituted by the credit institutions at the BNR, the replenishment of the accounts of the Ministry of Finance and others.There were also outflows of 3.257 billion euros, representing the change in the minimum reserves in foreign currency established by the credit institutions at the BNR, interest and installment payments on the account of the public debt denominated in foreign currency, payments on the account of the European Commission and others.The level of the gold reserve remained at 103.6 tons. Under the conditions of international price developments, its value was 7.450 billion euros.Romania's international reserves (currency plus gold) on July 31, 2024 were 71.029 billion euros, compared to 71.641 billion euros on June 30, 2024.The payments due in August 2024 in the account of the public debt denominated in foreign currency, direct or guaranteed by the Ministry of Finance, amount to approximately 307 million euros.
Thailand is quite a popular destination in Southeast Asia. It is renowned for its stunning beaches, ancient temples, and friendly locals. However, behind the smiles lies a culture rooted in tradition, respect, and subtle social rules. While most people are friendly and forgiving of mistakes, it's still essential for visitors to understand basic etiquette. A […]
The ratio between the market capitalization of companies listed on the Bucharest Stock Exchange and Romania’s GDP was 20.7% as of December 31, 2024, below the levels recorded in other regional markets, such as Greece (43.7%), Croatia (33.8%), and Hungary (21%). The figure can be disappointing as Romania’s BVB has significantly more listed companies (346) […]
OVES Enterprise, a Romanian software development company based in Cluj-Napoca, announced an expansion to the United States market through a strategic partnership with Adler Aerospace. The company will be developing large military drones based on the company’s artificial intelligence solution, Nemesis AI. The agreement provides for the integration of the Nemesis AI platform into the […]
Homeowners in Bucharest are finding buyers for their apartments faster than anywhere else in Romania, while sellers in Cluj-Napoca face the longest waits, according to a new real estate market report published by Imobiliare.ro and quoted by Agerpres. The study, titled Market 360: Residential...
Work has begun on restoring the alleys in Bucharest’s Herăstrău Park, as some were severely affected by the collapse of the bank and were facing a real risk of falling. The restorations will be complete in 2026. Herăstrău Park is nearly 100 years old and has been worn down by weather events and other phenomena. […]
Romania has awarded a record 4.2 GW of renewable energy capacity across two Contracts for Difference (CfD) auctions, exceeding its 3.5 GW target under the national Recovery and Resilience Plan, the European Bank for Reconstruction and Development announced. The second auction, held in August 2025 and backed by the EBRD, allocated...
