Economy | 8 May, 2025 at 2:56 PM
Euro jumps to new high against leu
The Romanian leu fell on Thursday against the euro, which was calculated by the National Bank of Romania (BNR) at RON 5.1222
The Romanian leu fell on Thursday against the euro, which was calculated by the National Bank of Romania (BNR) at RON 5.1222
The Romanian leu (RON) depreciated on Tuesday against the euro, which the National Bank of Romania (BNR) calculated at RON 5.0378.
The Romanian currency leu has depreciated on Monday against major currencies, following the first round of presidential elections in Romania.
The rate cut will be a moderate 25 basis points, but it comes at the right time for two reasons: economic growth in Europe is starting to pick up after reaching its lowest level.
In 2024, the strength of the dollar could trigger a new currency war. The market is concerned about the risk of competitive devaluations in Asia to counter the strong dollar.
The study reveals that 83% of Romanians have a plan for their upcoming vacation season. Only 6% do not intend to go on holiday, while 12% have yet to finalize their arrangements.
Travel tech company FlixBus is adding new international coach connections from Romania to Greece and bolstering existing routes to Bulgaria.
EDP, through its subsidiary EDP Renewables, has opened its largest solar park in Romania, located in Albina, taking its total solar and wind capacities in the country to 570 MW.
Tech giant Microsoft announced the expansion of its European Digital Commitments with comprehensive Microsoft sovereign cloud solutions.
Dan Air, a private Romanian airline, inaugurated its regular flight service between Bucharest and Damascus on June 15.