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RON falls against Swiss franc, lowest level since June 2015

The developments on the currency exchange market, as communicated by the National Bank (BNR) were calm on Monday. The reference rate of the European single currency is RON 4.7625, by 0.01% higher than last Friday. The national currency has appreciated ...

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Budget deficit of 0.51% of GDP in the first two months

The general consolidated budget went on deficit in the second month of this year, with the execution in the first two months showing a deficit of RON 5.2 billion (0.51% of GDP), down against the negative balance of RON 5.5 ...

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International reserves down to EUR 32.03bn in March

On 31 March 2019, the National Bank of Romania’s foreign exchange reserves stood at EUR 32,030 million, compared to EUR 32,491 million on 28 February 2019, BNR informs in a release posted on its website. During the month, the following ...

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Weird names of Romanian companies stir smiles: The Last Neuron SRL, Hell SRL, Abyss SRL, Prince Charming SRL

The National Office of Trade Registry (ONRC) has registered many companies with weird names, which have been analysed by the KeysFin specialists. According to the information from ONRC, there are 22,000 companies with names that include the word ‘Trans’, then ...

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Euler Hermes posts highest earnings in 10 years. Increase in insolvency expected in Romania this year

Euler Hermes accomplished very strong results in 2018, with revenues rising 7% to EUR 2,705 million and volume-driven growth spread across most regions. Operating profit increased by 17% to EUR 431 million, due to a combination of revenues growth, higher ...

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Unemployment rate down to 3.8% in February

The seasonally adjusted unemployment rate fell to 3.8% in February 2019, down against 3.9% in the previous month, according to data released by the National Statistics Institute (INS) on Monday. The number of unemployed (aged 15-74) estimated in February was ...

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Finance Ministry to borrow RON 3.62bn in April

The Finance Ministry intends to borrow from the commercial banks RON 3.62 billion in April, including the additional amounts, by 46.5% more than in March, the ministry informs in a release. In March the Finance Ministry borrowed RON 2.47 billion, ...

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Globant opens office in Romania to expand global talent base

Globant, a digitally native technology services company, announced the inauguration of a new development center in Cluj-Napoca, Romania. From this new office, the company expand its digital and cognitive expertise to further serve its portfolio of global clients. “Our passion ...

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National currency downward against main currencies

The national currency has depreciated on Friday against all major currencies, with the most impressive fall against the US Dollar, according to the National Bank of Romania (BNR) reference rates. The US Dollar is RON 4.2434 on Friday, up from ...

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