According to Central bank’s data, at end-February 2024, broad money (M3) amounted to RON 677,932.3 million, up 1.3 percent (0.5 percent inreal terms) month on month. In year-on-year comparison, broad money rose by 10.7 percent (3.3 percent in real terms). At end-February 2024, loans to non-government sector granted by credit institutions decreased 0.2 percent (-1.0 percent in real terms) from January 2024 to RON 383,922.5 million. RON-denominated loans, representing 68.7 percent of total volume of loans to non-government sector, increased by 0.1 percent, whilst foreign currency-denominated loans, holding 31.3 percent of total loans to non-government sector, dropped by 0.9 percent when expressed in RON (-0.7 percent when expressed in EUR). In year-on-year comparison, loans to non-government sector advanced 4.9 percent (-2.1 percent in real terms), on the back of the 5.5 percent increase in RON-denominated loans (-1.6 percent in real terms) and the 3.7 percent rise in foreign currency-denominated loans expressed in RON (2.7 percent when expressed in EUR). Credit to general government grew by 9.2 percent in February 2024 from the previous month, to RON 218,776.5 million. In year-on-year comparison, this indicator increased by 25.3 percent (16.9 percent in real terms). Deposits of non-government resident customers rose by 1.4 percent month on month to RON 582,655.7 million, while the annual growth rate was 11.6 percent (4.1 percent in real terms). RON-denominated deposits of residents, representing 70.1 percent of deposits of non government customers, increased by 1.8 percent to RON 408,161.9 million month on month. In year-on-year comparison, they advanced by 17.5 percent (9.6 percent in real terms). RON-denominated household deposits increased by 1.5 percent to RON 223,584.8 million month on month and by 21.9 percent (13.7 percent in real terms) year on year. RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) advanced by 2.2 percent (to RON 184,577.1 million) month on month and rose by 12.5 percent (5.0 percent in real terms) year on year. Foreign currency-denominated deposits of residents, representing 29.9 percent of the total volume of deposits of non-government customers, increased by 0.4 percent against January 2024 to RON 174,493.7 million when expressed in domestic currency (when expressed in EUR, these deposits rose by 0.5 percent to EUR 35,116.5 million). Compared to February 2023, this indicator dropped by 0.05 percent when expressed in RON (-1.0 percent when expressed in EUR). Foreign currency-denominated deposits of households decreased by 0.3 percent from January 2024 to RON 119,922.0 million when expressed in RON (when expressed in EUR, these deposits dropped by 0.2 percent to EUR 24,134.0 million). In year-on-year comparison, the indicator decreased 2.8 percent when expressed in domestic currency (-3.7 percent when expressed in EUR). Foreign currency-denominated deposits of other sectors grew 2.0 percent against January 2024 to RON 54,571.7 million when expressed in RON (when expressed in EUR, these deposits rose by 2.1 percent to EUR 10,982.4 million). Compared to February 2023, the indicator increased by 6.5 percent when expressed in RON (5.5 percent when expressed in EUR).
Romania's gross domestic product (GDP) remained largely unchanged in the first quarter of 2025 compared to the previous quarter, according to flash estimates published on May 15 by the National Institute of Statistics (INS). The economy recorded a growth of 0.2% in gross series and 0.5% in seasonally adjusted series compared to the same quarter of […]
Iulius Mall Suceava has officially inaugurated its EUR 40 million expansion that transformed it into “the largest retail and entertainment hub in northern Romania,” according to the official announcement. Developed by IULIUS and Atterbury Europe, the project adds 16,500 sqm of new retail space, bringing the mall's total area to 60,000 sqm. The expansion introduces […]
The European Bank for Reconstruction and Development (EBRD) announced the launch of the second edition of its Star Venture program in Romania this week, following a first edition in 2022. The program provides high-potential startups with business expertise and access to finance. After the round of applications, 10 promising startups were shortlisted to showcase their […]
Non-profit BookLand started building last year a pre-university, dual-system campus in the village of Vultureşti, in southern Romania’s Argeş county. The campus will train pupils in various specializations, allowing them to work in industries ranging from hotels & restaurants to retail and food. More on how the project got off the ground and what it […]
Armenian Street Pop-Up: All That Jazz, an event focusing on the city’s Armenian neighborhood, community and living heritage, takes place on the weekend of May 24 – May 25. The first edition, meant as an overture to the Armenian Street Festival, brings to the fore the cultural heritage of the Armenian community in Romania and […]
One year after its launch, Attractive Romania/România Atractivă - part of Romania's first national program dedicated to cultural tourism - announced major milestones, including more than 280,000 active users and over 60,000 downloads of its mobile app. The platform has become the second most popular Romanian tourism app, after Munții Noștri. Initiated by the Ministry […]
