The local currency kept losing ground on May 9 despite reported interventions by the central bank.
The interest rates rose, and the Stock Exchange’s indices resumed the decline on May 9 after a modest gain on the previous day.
The development suggests a drain on liquidity from the money market, possibly amid hybrid interventions by the National Bank of Romania (BNR) to support the local currency exchange rate.
# Yields of Romanian 10-year Govt. Bonds are up...
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Udpate: The prosecutors’ section of the Superior Council of Magistracy - CSM has taken a different stance from the council’s judges’ section in response to the Recorder documentary, announcing that it will...
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]