Finance | 8 July, 2025 at 5:17 PM
National Bank of Romania keeps key rate at 6.50%
The National Bank of Romania (BNR) is maintaining the key interest rate at 6.50% per annum, following a decision of the Board of Directors.
The National Bank of Romania (BNR) is maintaining the key interest rate at 6.50% per annum, following a decision of the Board of Directors.
New tariffs imposed by the US on goods from the EU could significantly impact Romanian exporting firms, particularly those in the metallurgical and automotive sectors.
The net profit of the entire banking system amounted to RON 14.197 billion (€2.86 billion) at the end of 2024, up 5% compared to 2023, according to the annual report for 2024 published on Monday by the National Bank of Romania.
Romania's annual inflation rate climbed unexpectedly to 5.5% in May, up from 4.9% in April, driven primarily by increases in food and services prices.
Romania's GDP is projected to expand modestly from 0.9% in 2024 to 1.2% in 2025, though significant downside risks, including geopolitical tensions, cloud this outlook, finds new research by ING Romania economists.
The Ministry of Finance secured RON 846.5 million (€167 million) from banks on Monday through a benchmark government bond issue with a residual maturity of 23 months, at an average annual yield of 7.23%,
The Board of the National Bank of Romania (NBR) decided on Friday to maintain the key interest rate at 6.50%.
Foreign Direct Investments (FDI) in Romania decreased to €1.67 billion in Q1 2025, down over 32% versus the same period last year.
The EBRD has slightly revised its forecasts for the Romanian economy's growth in 2025 but maintained its predictions for 2026, according to a recent report.
The Romanian leu fell on Thursday against the euro, which was calculated by the National Bank of Romania (BNR) at RON 5.1222
The three-month ROBOR index, which is used to calculate the cost of consumer loans in lei with variable interest rates, increased to 7.25% per annum on Thursday, from 6.47% per annum in the previous session.
The Romanian leu (RON) depreciated on Tuesday against the euro, which the National Bank of Romania (BNR) calculated at RON 5.0378.
Romania's annual inflation rate fell to 4.86% in March 2025, down from 5.02% in February, according to data released on Friday by the National Institute of Statistics (INS).
The National Bank of Romania (BNR) decided on Monday to maintain the key interest rate at 6.5%, while warning that the inflation rate could pick up in Q2 2025 and the labor market remain unfazed.
FDI into Romania saw a decline in January 2025, totalling €543 million, down from €1,148 million in the same month last year.
The total balance mortgage balance in payment increased almost fourfold in the last 16 years, from €5.7 billions in 2008 to €21.7 billion today.
INVL Baltic Sea Growth Fund has completed the purchase of Pehart Group, a producer of household and industrial paper products in Romania, from Abris Capital Partners.
E.ON Drive Infrastructure has officially inaugurated Romania's largest EV charging hub, located within the Vivo! Commercial Complex in Pitești.
Steel producer LIBERTY Galați has announced significant changes to its executive management team and board, aiming to consolidate operations and maximize production performance.
Haleon, the consumer health group, has announced the appointment of Wael Kaskas as General Manager for its Hungary, Romania, Czechia, and Slovakia cluster, effective July.
Societe Generale Global Solution Centre (SG GSC) Romania has announced the appointment of Laurent Mirjol as its new CEO, replacing Philippe Gabulon.