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BNR: Annual inflation rate to decrease until end of current year on fluctuating trajectory

Monday, October 7, 2024

 The annual inflation rate will decrease until the end of the current year on a fluctuating trajectory and higher than the one highlighted in the medium-term forecast from August 2024, according to the current evaluations of the National Bank of Romania (BNR).The decrease will primarily be driven by base effects and the deceleration of import price growth, while this year's unfavorable weather conditions and the increase in the quotations of some goods ...

National Bank of Romania decides to keep monetary policy rate at 6.50pct p.a.

Monday, October 7, 2024

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In a meeting on Friday, the board of the National Bank of Romania (BNR) decided to keep its monetary policy rate at 6.50% per annum.It also decided to leave unchanged the lending (Lombard) facility rate at 7.50% per annum and the deposit facility rate at 5.50% per annum, and maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.So far this year, BNR ...

The price of gold reached a historical maximum on Friday, of 385.6265 lei gram

Monday, October 7, 2024

The gold gram rose on Friday by 1.954 lei (0.51%) reaching a quotation of 385.6365 lei, from  383.6722 lei,  as announced by the National Bank of Romania (BNR) on Thursday, again registering a record value.   The national currency depreciated on Friday in relation to the euro, which was calculated by the National Bank of Romania at 4, 9766 lei up by 0.03 bani (0.01%) against the previous quotation, of 4.9763 ...

 A new Tezaur edition starts on October 7, with tax-free interest up to 7%

Monday, October 7, 2024

The Romanians can invest, starting with 7 October, in Tezaur government securities with maturities of 1,3, or 5 years and annual interest of 5.85%, 6.60% and 7% respectively, according to a press release of the ministry of finances. The figures recorded in the previous editions confirm the interest and the trust of the Romanians for the Tezaur government bonds program and the success of this program. In the ten issues since the beginning of 2024, ...

Romania's first issue of Samurai green bonds on Japanese capital market - successful among investors

Monday, October 7, 2024

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The Ministry of Finance launched on Friday the first issue of Samurai bonds, in the total value of 33 billion Japanese yen, with firm purchase orders from investors in the total amount of 34.1 billion Japanese yen, the ministry informs in a release."Romania's first issue of Samurai green bonds, on the Japanese capital market, of approximately 200 million euros, enjoyed success among the investors, establishing a bridge between Japanese investors and the ...

CCIB: Turkey is Romania's number one trading partner outside the EU

Monday, October 7, 2024

Turkey is Romania's number one trading partner outside the European Union, being both the main outlet for Romanian products and the first country of origin of goods imported from outside the European Union, said the president of the Bucharest Chamber of Commerce and Industry (CCIB), Iuliu Stocklosa."The main problem of bilateral trade is the large deficit of the trade balance to the detrient of our country (-3.6 billion USD in 2023 and -2.1 billion USD in ...

CNPP: 4.734, 868 pensioners, in September 2024:the average pension was 2.735 lei

Monday, October 7, 2024

A number of 4.734,868 pensioners were registered in September 2024 in Romania, with 8,150 fewer compared to the previous month, and the average pension was 2,735 lei, according to the data centralized by the National Public Pension House (CNPP). The total value of the due pension rights amounted to 12,95 billion lei.According to the CNPP statistics, out of the total of pensioners ...

More than 2,000 international cybersecurity experts to attend DefCamp conference in Bucharest in November

Monday, October 7, 2024

More than 2,000 international cybersecurity experts are meeting in Bucharest on November 28 and 29 at the DefCamp regional conference to discuss new challenges and solutions against online threats, the organisers announced on Thursday."To support the training of future cybersecurity experts, the organisers of DefCamp, the most important annual hacking and cybersecurity conference in Central and Eastern Europe, are this year emphasising both education and ...

Zelensky Thanks Romania For Patriot System, Urges NATO Neighbors For Support

Friday, October 4, 2024

In his video speech on Wednesday evening, Ukrainian President Volodymyr Zelensky once again thanked Romania for the Patriot system provided and, taking as an argument the attack during the night, which happened very close to the border, damaging the crossing point at Orlivka (Isaccea) , the leader from Kiev requested that in the areas in the vicinity of NATO countries air defense be provided jointly, and that these countries contribute to the shooting down of Russian drones and ...

President Iohannis to attend Francophonie Summit in France on Friday and Saturday

Friday, October 4, 2024

President Klaus Iohannis will participate, on Friday and Saturday, in the Francophonie Summit, which will take place in France, the Presidential Administration said in a press release sent on Thursday.The Romanian president's participation in the XIXth conference of the Francophonie Summit, which will be held under the title "Create, innovate and do business in French", is an opportunity to highlight our country's contribution to the global effort to transform and adapt ...

PM Marcel Ciolacu, official visit to Republic of Moldova on Friday

Friday, October 4, 2024

  Prime Minister Marcel Ciolacu will pay an official visit to the Republic of Moldova on Friday, during which he will have a meeting with his counterpart, Dorin Recean, and will also meet with the President of the Republic of Moldova, Maia Sandu, and the President of the Moldovan Parliament, Igor Grosu.The Head of the Executive will be accompanied by the Deputy Prime Minister Marian Neacsu, the Minister of Economy, Entrepreneurship and Tourism, Stefan-Radu ...

Portuguese defense minister present in Galati Shipyard at keel laying of Portuguese Navy's Multipurpose Ship

Friday, October 4, 2024

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The Portuguese Minister of National Defense, Nuno Melo, and the Chief of Staff of the Portuguese Navy, Admiral Gouveia e Melo, were present on Thursday at the Damen Galati Shipyard, at the joint ceremony of the official start of cutting and laying of the keel for the Multipurpose Ship of the Portuguese Navy.The contract for the construction of the Multipurpose Ship of the Portuguese Navy was signed by the two sides in November last year, following a tender process. The ...

69 people repatriated from Lebanon on Thursday are Romanian citizens and first degree family members

Friday, October 4, 2024

Romania is the first state that has managed to bring home part of its citizens from Lebanon, Prime Minister Marcel Ciolacu said on Thursday."We will continue this action, it is coordinated. I want to thank the minister of Foreign Affairs, the minister of Defense and Romanian state' services very much. We are the first state that has managed to bring its citizens home", said Ciolacu, upon leaving from the Day of German Unity, an event organized by the Embassy of the Federal ...

European Parliament hearings with Commissioners-designate to start on 4 November

Friday, October 4, 2024

On Wednesday, the Conference of Presidents (EP President and leaders of political groups) agreed on the calendar for the hearings of the Commissioners-designate, a statement of EP informs .   The hearings will start on 4 November and take place until 12 November. The Conference of Presidents also decided on the devision of responsabilities among committees ...

Ambassador Gebauer: Message on German Unity Day is one of hope and courage

Friday, October 4, 2024

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The message of the German Unity Day and the revolutions that led to the liberation of Europe 35 years ago is also a message of hope and courage, the German ambassador in Bucharest, Peer Gebauer, said on Thursday, on the occasion of the celebration of the national day of his country.He recalls, in a statement sent by the diplomatic mission, that almost 35 years ago the Berlin Wall fell, and the Iron Curtain, which separated the peoples from the middle of Europe, ...

Mircea Geoana, candidate for the Romanian Presidency: Monopoly of traditional parties must end

Friday, October 4, 2024

Former NATO Deputy Secretary General Mircea Geoana said on Thursday that if he wins the presidential elections, he will propose the change of the way the electoral system works in Romania, arguing that the "monopoly" of traditional parties must end."I am extremely happy and grateful that almost half a million Romanians have placed their trust in us. It is also a merit of this formidable team of volunteers from the Romania Reborn Movement. Hundreds and thousands of ...

Rares Bogdan: Coalition no longer exists politically, it is just governmentally and technically

Friday, October 4, 2024

Rares Bogdan, liberal (PNL) vicepresident, declared on Thursday that, from the political point of view the ruling coalition no longer exists. It only exists at government and technical levels.   “President Nicolae Ciuca, myself, Dan Motreanu, George Flutur will no longer participate in any meeting of the ruling coalition, regardless of topic. One of the five executive leading members were appointed by PNL – the general secretary of the ...

Non-performing loans rate reaches 2.49pct at June-end

Friday, October 4, 2024

 The rate of non-performing loans (NPL) reached 2.49% at the end of June 2024, up from 2.41% in March 2024.In June 2023, the NPL ratio stood at 2.65%, according to data centralised by the National Bank of Romania (BNR).At the end of the first semester of this year, there were 32 credit institutions in Romania, including eight branches of foreign banks. Total assets amounted to RON 834.6 billion, RON 12 billion more than in March 2023 and RON 96.8 billion ...

Finance Ministry borrows over RON 1.420 billion from commercial banks

Friday, October 4, 2024

 The Finance Ministry (MF) borrowed more than RON 1.420 billion from commercial banks on Thursday, through two issues of government bonds, according to data published by the National Bank of Romania (BNR).The ministry attracted RON 906.2 million through a bond issue with a residual maturity of 16 months and an average yield of 6.02% per annum. The nominal value of the issue was RON 700 million and banks subscribed over RON 1.461 billion.An additional ...

Eurobarometer : Cost of living and economic situation, main preoccupations of Romanians who voted at European elections

Friday, October 4, 2024

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The main topics that motivated Romanian citizens to vote in European elections in June are the economic situation (45%) and rising prices and the cost of living (44%), according to an Eurobarometer poll released on Thursday by the European Parliament, which ranks Romanians over the average of the 27, concerning optimism referring to the future EU (68% against 65%).   Other important topics that motivated the Romanians to vote are social protection, ...

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