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 Ministry of Foreign Affairs (MAE) announced Wednesday, November 20, that Romania's embassy in Kyiv has reduced its operations to emergency actions due to escalating security concerns in Ukraine. "Given the security developments in Ukraine, in coordination with allied and EU member state missions, the Romanian embassy in Kyiv has taken additional measures to ensure […]
The Oriental Art Gallery, a new permanent exhibition at the National Museum of Art of Romania (MNAR), is scheduled to open starting November 22. Located on the third floor of the museum’s HQ on Calea Victoriei, the gallery includes close to 600 items from Azerbaijan, Bulgaria, China, Dagestan, Egypt, Greece, India, Iran, Japan, Syria, Turkey, […]
Entrepreneurs in Romania correctly perceive business opportunities in the market but fear failure and see difficult access to financing as a significant barrier to business development. These are two main findings included in the country report on entrepreneurship - research conducted by the Babeș-Bolyai University (UBB)-FSEGA team within the international project Global Entrepreneurship Monitor (GEM). […]
When it comes to saving, Romanians prefer bank deposits, while the level of participation in the capital market is low, according to a research project carried out by Raiffeisen Bank and the Bucharest Academy of Economic Studies. Bank deposits are the main form of savings Romanians resort to. Still, their level is the lowest compared […]
The number of construction permits issued for residential buildings in Bucharest has significantly decreased, with the first nine months of 2024 showing a 45% drop compared to the same period of 2021, according to a recent market report by real estate consultant SVN Romania. In the first three quarters of 2024, only 272 construction permits […]
Beyond Business School, a company founded by serial entrepreneurs Andra Ghibuțiu and Grégoire Vigroux, announces the final line-up of the CEOs joining its fast-track Executive Program as guest speakers. The CEO Talks sessions feature influential business leaders sharing their experience, insights, and career advice with its executive students. These talks are scheduled...
