The consumer credit reference index (IRCC), regulated by Emergency Ordinance (OUG) 19/2019, stands at 5.90% per annum, down from the one released three months ago, of 5.97% per annum, according to data published Friday by the National Bank of Romania (BNR).The index is calculated as the arithmetic average of daily interest rates on interbank transactions in the fourth quarter of 2023.According to OUG 19/2019, for loans granted in national currency, the interest rate will be composed of a reference index calculated exclusively on the basis of interbank transactions at a given period, to which the lender may add a certain fixed margin throughout the contract period. The reference index for loans granted in RON with variable interest is published every working day on the website of the National Bank of Romania.The IRCC is calculated at the end of each quarter, as the arithmetic average of the daily interest rates determined for the previous quarter, to be applied by each credit institution for the following quarter.
On Monday, December 23, Romanian police brought Nica Robert Florin back to the country. The man convicted of possession of high-risk drugs, bodily harm, and driving under the influence of alcohol, is listed among Romania’s Most Wanted category and was also wanted internationally. Romanian authorities revealed at the beginning of October that they had indications […]
An investigation by the famous British newspaper Financial Times revealed that the campaign of former Romanian presidential candidate Călin Georgescu was supported by a Russian network also used during the pandemic in France and Germany to instill fear of vaccines. The newspaper’s investigation began in continuation of those by Bulgarian and Romanian journalists at BG...
Bucharest’s District 3 City Hall will once again organize a special New Year’s Eve event in Titan Park, with a program of live concerts, multimedia shows, and even a simulation of the Northern Lights. The event, set to begin at 8:00 PM on December 31, will focus on the theme of infinity. “If you missed […]
Traffic on Lot 1 of the A7 Ploiești-Buzău highway, stretching 21 kilometers in southern Romania, was officially opened on Monday, December 23. With this opening, 102 kilometers of the total 320 kilometers of the highway are now usable. The Moldova Highway, as it has been called, is meant to connect Romania's economically underdeveloped eastern regions to […]
The Dutch technology investor Prosus NV, also the majority shareholder of Romania’s largest online retailer eMAG, is set to buy the online travel agency Despegar.com Corp, focused on Latin America, for approximately USD 1.7 billion. The purchase consideration will be funded from existing cash resources, the company said. Founded in Argentina in 1999, Despegar is one […]
The new Forestry Code, which passed the Parliament vote on December 17 and was signed into law by president Klaus Iohannis on December 20, includes provisions that protect all forests in Ilfov, the county surrounding Bucharest, making them the cornerstone of the future green belt around the capital city. Moreover, it legislates green belts nationwide, […]
