The Board of Directors of the National Bank of Romania (BNR) decided to maintain the monetary policy interest rate at 6.5% per year, as well as the lending facility rate at 7.5% per year in its meeting on Friday, February 14. Additionally, BNR kept the deposit facility rate at 5.5% per year.
BNR initiated its monetary easing cycle in the summer of 2024. The drop in inflation convinced the central bank’s board to reduce the rate in July 2024 to 6.75% from the 7% level it had maintained...
Interim president Ilie Bolojan announced the upcoming meeting of the Supreme Council of National Defense (CSAT), scheduled for Friday, March 28, at the Cotroceni Palace in Bucharest. The agenda of the meeting includes discussions on several critical topics, notably the status and future of the ongoing conflict in Ukraine...
The EU joint acquisitions in the defense sector are an opportunity for the national defense industry, said Romania's interim president, Ilie Bolojan, at the end of the European Council meeting he attended on Thursday, March 20. The official said that discussions at the meeting were focused on accelerating measures for European defense preparedness so that […]
Romania’s Cătălina Ponor is one of the four gymnastics legends to be honored at the 28th annual International Gymnastics Hall of Fame (IGHOF) induction ceremony on May 17, according to an official announcement. The event will be held at the Petroleum Club in Oklahoma City. The 2025 IGHOF inductees are Beth Tweddle, Andreas Wecker, and […]
Value vouchers contributed over RON 32 billion to Romania’s Gross Domestic Product in 2023, which represents more than 2% of the national GDP. According to a study conducted by the Bucharest University of Economic Studies (ASE), value vouchers, including meal vouchers, holiday vouchers, gift vouchers, and cultural vouchers, have played an essential role in supporting […]
A new survey aiming to assess European citizens' views on transatlantic relations and security issues found that citizens in Romania and Poland are the most concerned about the possibility of an armed conflict in the coming years, but also share relatively positive views of Donald Trump and Elon Musk. Around 74% of Romanians, and 71% […]
The European Bank for Reconstruction and Development (EBRD) has committed EUR 15 million to Morphosis Capital Fund II, a private equity fund supporting small and medium-sized enterprises (SMEs) and lower mid-market companies in Romania and across Central and Eastern Europe (CEE). Managed by Morphosis Capital Partners, the fund aims to provide equity financing as an […]
