The foreign exchange reserves of the National Bank of Romania (BNR) were 63.187 billion euro at the end of August 2024, dropping by 0.62% as compared to the level of 63.579 billion euro, on 31 July 2024 according to a press release of the Central Bank sent on Monday. During the month of August there were inflows of 2.397 billion euro, representing the change of the minimum reserves in foreign currency made by the credit institutions at BNR, the replenishments of the accounts of the ministry of finance and others. There were also outflows of 2.789 billion euro, representing the change of the minimum reserves in foreign currency made by the credit institutions at BNR, installment payments and interests in the account of the public debt in foreign currency, payments from the account of the European Commission and others. The level of the gold reserve remained at 103.6 tons. Under the conditions of the international price developments, its value was 7,588 billion euros. Romania's international reserves (currency plus gold) on August 31 2024 were 70,775 billion euros, compared to 71,029 billion euros on July 31, 2024. The payments due in September 2024 in the account of the public debt denominated in foreign currency, direct or guaranteed by the Ministry of FFinance, amount to approximately 685 million euros.
The Japanese premium skincare brand Onshindo Osaka officially enters the Romanian market through its exclusive distributor, Pharma Brands, marking a new milestone in its European expansion strategy. Following its successful launch in Spain, the company aims to capitalize on the growing interest of Romanian consumers in premium skincare products with clinically proven efficacy and authentic […]
Honor appointed Kerr Cheng as the new country manager for Romania, placing him at the helm during a “key phase” of the brand’s expansion in Central and Eastern Europe. The company said Romania remains one of its most dynamic and strategically important markets in the region, and Cheng will be responsible for accelerating local growth […]
Romania has closed its participation in the 2025 Venice Architecture Biennale with the conclusion of Human Scale, the exhibition presented in the Romanian Pavilion at Giardini della Biennale and in the New Gallery of the Romanian Institute of Culture and Humanistic Research. Meanwhile, the project’s official catalogue has been made available to the public. The […]
The forests around the mountain city of Brașov and the Postăvaru Massif may be home to the largest densities of large owls in the world, according to a study by biologist Călin Vasile Hodor from Wildlife Management Consulting and professor Dan Traian Ionescu from the Faculty of Forestry Brașov, as quoted by BizBrasov.ro. The study […]
The final version of Romania's national defence strategy 2025-2030, as amended following the public consultations and approved by the members of the Supreme National Defence Council (CSAT), is to be presented by president Nicusor Dan in Parliament, where it will be debated and voted on by lawmakers. The Romanian state must be prepared to manage […]
Romania aims, through its new National Defense Strategy, to become the second military power on the eastern flank and a defense provider in the Black Sea region, according to defense minister Ionuț Moșteanu. The new National Defense Strategy is a paradigm shift, the minister said. “A fundamentally different point of view is that we are […]
