On 28 February 2025, the National Bank of Romania's (BNR) foreign exchange reserves stood at EUR 62,593 million, compared to EUR 60,837 million on 31 January 2025, according to a BNR press release.During the month, the following flows were recorded: EUR 6,355 million worth of inflows representing: changes in credit institutions' foreign currency-denominated required reserves with the BNR; inflows into the Ministry of Finance's accounts (including the amounts from the Ministry of Finance's Eurobond issues with a nominal value of EUR 2,800 million and USD-denominated Eurobonds with a nominal value of approximately EUR 1,200 million) and other.Also there were EUR 4,599 million worth of outflows representing: changes in credit institutions' foreign currency-denominated required reserves with the NBR; interest payments and principal repayments on foreign currency public debt (approximately EUR 543 million); payments from the European Commission's account and other.The gold stock remained steady at 103.6 tonnes. However, following the change in the international price of gold, its value amounted to EUR 9,171 million.On 28 February 2025, Romania's international reserves (foreign currencies and gold) stood at EUR 71,764 million, compared to EUR 69,810 million on 31 January 2025.During March 2025, the payments due on the foreign currency-denominated public and publicly guaranteed debt amount to approximately EUR 501 million.
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
This year's edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra […]
Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies. Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman […]
Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD […]
The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes. Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters, […]
