May 7, 2025 UPDATE (1)
A roundup of local and world news
Newsroom, 07.05.2025, 17:15
CURRENCY – The Romanian national currency, the Leu (RON), depreciated on Wednesday against the Euro, which the National Bank estimated at 5.0991 lei, up 6.13 bani (1.22%) from the previous quotation of 5.0378 lei, reporting a new historical high. The Leu also lost ground against the US dollar, which was marked at 4.4898 lei, up 3.81 bani (+0.86%), compared to Tuesday, when it stood at 4.4517 lei. The national currency also depreciated against the Swiss franc, calculated at 5.4466 lei, up 5.34 bani (0.99%), compared to 5.3932 lei, the previous quotation, also reporting an all-time high. The price of gold rose by 3.5772 lei (0.73%) to the value of 487.1276 lei, from 483.5504 lei, in the previous session, also a historical high.
RESPONSE – Bucharest rejects the statements of Russian President Vladimir Putin, who said Russian troops invaded Ukraine because Romania and Bulgaria accepted to host American bases on their territory. The spokesman of the Foreign Ministry in Bucharest, Andrei Ţărnea, emphasized that Russia threatens regional security and has started an unprovoked war in Ukraine. “Romania’s NATO accession represents the sovereign will of the citizens of Romania and the allied nations. At the same time, Romania’s NATO membership does not pose a security threat to anyone. This is clear and evident. President Putin is using the same well-known narratives, which served as a pretext for a brutal war of annexation (…) Romania will continue to defend its security interests in full sovereignty, in its dual capacity as a NATO ally and a member state of the European Union”, the Foreign Ministry representative said.
EUROPE DAY – On the occasion of Europe Day, on Friday, the debate “ÎmprEUnă – Romania and our Europe: present and future” will take place in Bucharest, an event reflecting on Romania’s European path and the common values shared within the EU, the Presidency announced. The event will bring together approximately 200 guests, including 150 students and high-school 12th graders, ambassadors of the European Union Member States, as well as representatives of the European institutions: the European Commission, the European Parliament, the European Investment Bank. The list of keynote speakers includes Roxana Mînzatu, Vice-President of the European Commission, and Ramona Chiriac, Head of the European Commission Office in Romania. (VP)
