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The National Bank of Romania (BNR) has not relaxed its monetary policy despite the two rate cuts operated already this year. Furthermore, it is not engaged in a monetary easing cycle, BNR governor Mugur Isarescu explained on August 9 while unveiling the quarterly Inflation Report. BNR cut the policy rate by 0.25 basis points to…

Romania’s trade deficit (goods, fob/cif terms) widened by 29.3% y/y to EUR 8.44 billion in Q2, marking one of the deepest trade gaps ever, according to data published by the statistics office. Earlier in Q1, the country’s trade balance had improved marginally (the gap narrowed by 2.2% y/y to EUR 6.66 billion), particularly helped by…

MEP Victor Negrescu (Social Democratic Party) is increasingly circulated as the most likely nomination for the European Union Commissioner from Romania after Social Democrat MEP Mihai Tudose supported this idea recently. “I worked with Negrescu during my prime minister term. At that time, Negrescu served as Minister for Relations with European bodies [and I can…

The Bucharest subway network operator Metrorex received the construction permit for Lot 1.2 of Metro Line 6, marking an important step in the advancement of the project that aims at linking the existing network to Bucharest Airport, according to a press release of the company. The segment, called the North Section, will connect the capital…

Romania is at the bottom in the EU regarding the share of people who read books in the past 12 months. Only 29.5% of Romania had read books in the year prior to the latest survey conducted by Eurostat, the EU’s official data body. In 2022, according to EU statistics on income and living conditions, 52.8%…

The 2024 Brașov Jazz & Blues Festival will take place over four days, between August 15 and August 18, featuring more than 30 concerts, over 100 artists from around the world, and more than 20 films screened across nine locations. For the first time in Romania, Sugar Ray & The Bluetones feat. Rusty Zinn (USA)…

Vsevolod Maievskyi, a former first dancer of the Mariinsky Theater and current soloist of the English National Ballet, will dance at the Stars Gala, scheduled for August 25 at the I.L. Caragiale National Theater in Bucharest. He will dance alongside young Romanian ballerina, Rebecca Rudolf, who joined the Bayerisches Junior Ballett München in the 2023/24 season as…

The cities of Cluj and Brașov have been included in the global ranking of the 250 happiest cities in the world, occupying the 195 and 220 positions, respectively, in the Happy City Index 2024, put together by the Institute for Quality of Life. The international ranking gives cities a score in five main categories, namely…

The Romanian engineering company Simtel Team (SMTL) is set to transfer to the main market of the Bucharest Stock Exchange starting Monday, August 12, according to an announcement from the BVB.  Simtel Team began the process of transferring its shares to the main market, publishing in May the audited financial results according to IFRS for…

The Tour of Romania, set to gather 26 teams from 14 countries, will take place between August 14 and August 18, the Romanian Cycling Federation announced. The tour will start in Deva and will take place in five stages, going through Alba Iulia, Păltiniş, Sibiu, Cristian and Târgovişte, and ending in Bucharest. It will cover…