Category: Uncategorized
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Euro surges to all-time high amid pressure on Romanian leu
Romania’s national currency saw an important depreciation on Thursday, October 1, as the euro reached an all-time high of over RON 5.34 on the interbank market. The leu-euro exchange rate shifted suddenly around 3 PM from nearly RON 5.28, where it had stabilized in recent days, to over RON 5.33, according to Goldring analysts. The…
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Another drone crashes in Romania after attacks on neighboring Ukraine
Romania’s Defense Ministry announced on Friday, October 2, that a drone had fallen in the area of Plauru, Tulcea County, southeastern Romania. The incident followed new drone attacks on civilian and infrastructure targets in Ukraine, in the vicinity of the river border with Romania. “Around 5:00 AM, an object, possibly an aerial drone, was reported…
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Romania’s interim prime minister heard as witness in corruption case
Ilie Bolojan, Romania’s interim PM and head of the National Liberal Party (PNL), arrived at the Iași headquarters of the National Anti-Corruption Directorate (DNA) on Friday, October 2, to be questioned as a witness in the case of businessman Fănel Bogos, accused of attempting to remove the head of the Vaslui Sanitary-Veterinary Directorate from office…
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From Hollywood to the AI economy: two days at Impact SEE’26 in Bucharest. “The growth potential is there, but we have to grab it.”
Impact SEE’26, presented by Mastercard, brought nearly 3,000 participants and around 200 speakers to Romexpo Exhibition Center and Face Convention Center on 29-30 September. The third Bucharest edition featured three main stages, eight thematic tracks and Impact Bookstore. Investments & Startups and Culture joined the programme for the first time. The conversations ranged from the…
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Rezolv energises first 192 MW phase of VIFOR wind farm in Romania
Rezolv Energy announced that it energised the first phase of its VIFOR wind farm in Buzău county, adding 192 MW of renewable capacity to Romania’s electricity grid. A second phase scheduled for completion in 2027 will increase the project’s total capacity to 461 MW. The first phase comprises 30 Vestas V162 turbines, each with a…
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Romanian Treasury pays higher yields on retail bonds in October
For the one-year maturity, the Treasury will pay a 6.5% coupon, up from 6.2% in August-September. Earlier in March, before the political crisis emerged in May and the Treasury’s cash position was strengthened by Eurobond issues, it tested the retail market with a 5.85% coupon for this maturity. For the three-year maturity, the coupon was…
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Romania’s forex reserves evaporate sharply in September
Official data showed that around EUR 2.7 billion was used to service the public external debt. An undisclosed amount was converted into local currency by the government, which holds RRF disbursements at the central bank as part of the foreign exchange reserves. Analysts attributed a significant part of the remaining decline in foreign currency reserves…
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Romanian airline Animawings suspends all flights temporarily
The company said that it would resume flights under a simplified scheme starting October 25. The company’s financial situation has deteriorated sharply in 2025, and the flight cancellations this October will generate a significant impact on the cash flow of the company that has already filed for insolvency. The shares of Christian ‘76 Tour (BVB:…
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Car sales keep dwindling in Romania in September despite government-backed scrappage scheme
Indicators from Romania’s automotive industry pointed to a continued slowdown in commercial activity. According to the monthly report of the General Directorate for Driving Licences and Registrations (DGPCI), registrations of new passenger cars fell to 11,068 units in September, down 11.2% from the same month of 2025, Profit.ro reported. In the first nine months of…
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Romanian finance minister confident ahead of S&P review, argues early elections could trigger downgrade
Speaking on public broadcaster TVR on Thursday evening, 24 hours before the expected S&P decision, Nazare said the budget deficit adjustment had reached 1.6 percentage points, while investment spending had also increased, Economedia.ro reported. “The deficit reduction is significant, by 1.6 percentage points, a very large adjustment,” Nazare said, adding that the deficit was RON…