The banking system in Romania is healthy, very resilient, and solvency is currently at 23%, Bogdan Neacsu, president of the Romanian Bankers Association (ARB), said on Monday at the 12th edition of the ZF Bankers Summit."I would not say that the banking system is shrinking, even if the economy is growing. I would say that it is growing and if we look at the banking assets in general we have a significant growth. Moreover, financial intermediation or the level of financial inclusion, if you look at the population, has also grown significantly. For example, in the case of financial inclusion, we are approaching a level of 70%. If we look 10 years ago, I think we were talking about a level of less than 50%. I believe that the Romanian banking system is taking important steps to support this economic growth. It is very true that this economic growth is also influenced by the area of financial assets in Romania, but also by the financing provided by the parent companies present in Romania. What is certain is that we are talking about a healthy, very resilient banking system. Solvency is at 23% if we look now. The liquidity of the system is very high. Deposits are still growing rapidly," Neacsu said.According to him, banks in Romania are currently focusing on supporting companies present on the local market and developing operations: either to attract new clients or to try to motivate entrepreneurs to take on new projects.The ARB president added that in 2023, a 10.5% year-on-year credit growth was observed, and this year, until April, a credit growth of 5.8 - 6% was observed. He mentioned that this indicator is expected to improve in the second half of the year.Regarding the consolidation of the banking system, Bogdan Neacsu said that the trend has been manifest since 2010, and the operations carried out so far have brought value to the banking system itself, not only to companies.
The Romanian Wind Energy Association (RWEA), the Romanian Photovoltaic Industry Association (RPIA) and the Renewable Energy Producers Organization in Romania (PATRES), representing members with a total installed capacity of over 6.5 GW, warn of the risk of a major bottleneck in the energy sector caused by the introduction, without a transition period and with an […]
Romania is emerging as one of the most dynamic markets for Turkish renewable energy investments, attracting growing interest from industrial and financial groups with regional exposure. Real grid connection opportunities for viable projects, infrastructure modernization potential, and investment framework stability make Romania a strategic destination for Turkish capital, at a time when Europe is accelerating […]
CATANE, the feature debut of director Ioana Mischie, has received an international nomination at the prestigious Hollywood Music in Media Awards for its original score composed by Emiliano Mazzenga. The film’s music has been selected among the top five film scores worldwide in the International Independent Film category. The film is the first Romanian production ever […]
Moldovan prime minister Alexandru Munteanu arrived in Bucharest on Thursday, November 13, for his first official foreign visit since taking office. He met with president Nicușor Dan and Romanian counterpart Ilie Bolojan before visiting the Parliament, where he met with the president of the Senate, Mihai Abrudean. After the first meeting, president Nicușor Dan stated […]
Bucharest maintains a steady flow of new office developments, with nearly 170,000 square meters of projects scheduled for delivery between 2026 and 2027, according to the latest Bucharest Office Marketbeat Q3 2025 report from Cushman & Wakefield Echinox. Despite a 25% drop in total leasing activity compared to last year, demand remained solid, with companies […]
The number of Romanians seeking work abroad has fallen to its lowest level in five years, according to new data from leading online recruitment platform eJobs. So far in 2025, only 106,000 applications were submitted for jobs outside Romania out of a total of 9.8 million, representing just 1.1% of all job applications. Employers abroad […]
