A gram of gold was more expensive in Thursday by 5.44 lei (+1.7%) to a quotation of 323.3234 lei from 317.8798 let, as announced by the Central bank (BNR) the day before, thus reaching a new record value. The national currency slightly depreciated against the euro, which was calculated by BNR at 4.9740 lei, on the rise by 0.01 bani against the previous quotation of 4.9739 lei. Compared to the US dollar, the leu value went up, the American currency being quoted at 4.5556 lei, on the drop by 3.29 bani (-0.72%) compared to Wednesday, when it was 4.5885 lei. The national currency appreciated against the Swiss franc,calculated by BNR at 5.1028 lei, on the drop by 4.32 bani (-0,83%) against 5.1460 lei, the previous quotation. The spot price of gold exceeded on Thursday the level of 2,200 dollars per ounce, when the US Federak Reserve announced there were prospects for more interest rate drops this year, which suggests that Fed ifficials are alarmed by the recent inflation advance. Since mid February to the present day, the gold quotation went up by almost 12%, on the background of expectations referring to a more relaxed American monetary policy, an environment which usually leads to the depreciation of the US dollar but generates higher interest in gold as a refuge value, especially in the context of higher geopolitical risks. Lower interest rates from Fed are favorable to gold, which does not bring income to investors but makes other investments less attractive.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
