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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Romanian currency strengthens against euro, dollar after S&P rating increase

The official exchange rates announced by Romania’s National Bank (BNR) on Friday, May 16, shows a strengthening of the Romanian currency (RON) against the euro and the US dollar following Standard & Poor’s announcement regarding the improvement of Romania’s sovereign rating to investment grade, which should make the country more attractive for foreign investments.

The exchange rate for the euro against RON fell on Friday by 0.17 percent to  RON 4.4275 , which is the lowest level in the last eight months.

In the last two days, the euro lost 0.32 percent against the RON, which means the RON strengthened against the euro, as Romania announced the highest GDP growth in the European Union in the first quarter of this year, of 3.8 percent.

The exchange rate for the US dollar also fell by 0.59 percent on Friday, to RON 3.2277 .

Andrei Chirileasa, [email protected]

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Romanian currency strengthens against euro, dollar after S&P rating increase

The official exchange rates announced by Romania’s National Bank (BNR) on Friday, May 16, shows a strengthening of the Romanian currency (RON) against the euro and the US dollar following Standard & Poor’s announcement regarding the improvement of Romania’s sovereign rating to investment grade, which should make the country more attractive for foreign investments.

The exchange rate for the euro against RON fell on Friday by 0.17 percent to  RON 4.4275 , which is the lowest level in the last eight months.

In the last two days, the euro lost 0.32 percent against the RON, which means the RON strengthened against the euro, as Romania announced the highest GDP growth in the European Union in the first quarter of this year, of 3.8 percent.

The exchange rate for the US dollar also fell by 0.59 percent on Friday, to RON 3.2277 .

Andrei Chirileasa, [email protected]

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