The dollar has hit a 20-year high on Monday as investors seek security at a time when global economic growth is slowing and interest rates are rising, The rampant inflation, the war in Ukraine and the quarantines against COVID-19 in Beijing and Shanghai have caused a lot of uncertainty, but investors are convinced that US interest rates will rise and the dollar will follow this trend. The dollar index, which compares the U.S. currency with six other strong currencies, rose nearly 9 percent in 2022 and peaked after 2002. This year, the historical maximum reached by the dollar against the leu (BNR) was 4.70, on May 3, 2022. On Friday, the official exchange rate of the BNR was 4.68 lei. Monday, the exchange rate was $ 1 = $ 4.71. The BNR exchange rate is displayed after 13.00.
Train ticket prices will rise by nearly 10% starting December 14, when the new 2025–2026 railway timetable comes into effect in Romania, officials confirmed on Wednesday, as reported by Agerpres. The increase of 9.88% reflects the annual inflation index published by the National Institute of Statistics (INS), in line with...
Deputy prime minister Oana Gheorghiu will lead a working group tasked with reforming Romania's loss-making state-owned companies, prime minister Ilie Bolojan said in an interview with ProTV, as reported by G4media.ro. Her predecessor, Dragos Anastasiu,
Romanian prime minister Ilie Bolojan, on November 19, in an interview given to ProTV and quoted by Hotnews.ro, explained that the pension-wage cumulation ban will apply only to the so-called special pensions, namely those not based on past contributions, as opposed to all pensions as implied by Social Democrat (PSD) labour...
Statements by Romanian prime minister Ilie Bolojan about cutting by 10% the total personnel budget for all ministers and other similar contracting units, as opposed to only the central administration of the respective bodies, prompted on November 19 a radical reaction from the Social Democratic Party (PSD) and trade unions in the public sector. No […]
Romania’s Ministry of Labour unveiled for public consultations the revised law on magistrates’ pensions, and the government, in a press release, expressed its hope that the approval process, including by the Superior Council of Magistracy (CSM), will proceed expeditiously. However, CSM vice president Claudu Sandu has already publicly rejected the law as insufficient. The bill is […]
PPC, the largest power supplier in Greece, also active in Romania with distribution, production, and supply operations after it took over Enel's operations in the country, announced at the Capital Markets Day event investment plans worth EUR 3 billion over the next three years in Romania, according to Economica.net....
