The foreign exchange reserves of the National Bank of Romania totaled 55.661 billion euros at the end of May 2025, down 10.81% compared to the level of 62.414 billion euros on April 30, 2025, according to a press release from the Central Bank, transmitted on Monday.During May, there were inflows of 5.827 billion euros, representing the change in the minimum foreign exchange reserves established by credit institutions at the NBR, the replenishment of the accounts of the Ministry of Finance and others.The gold reserve level remained at 103.6 tons. In the conditions of international price developments, its value stood at 9.698 billion euros.Romania's international reserves (currency plus gold) on May 31, 2025 were 65.359 billion euros, compared to 72.025 billion euros on April 30, 2025.Payments due in June 2025 on the account of public debt denominated in foreign currency, direct or guaranteed by the Ministry of Finance, amount to approximately 87 million euros.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
