Romania's adult financial inclusion rate has advanced to 71 percent from 68 percent two years ago, reveals the market survey "The Romanians' perception of the banking system: lending and the Romanians' financial inclusion", conducted by the Romanian Institute for Evaluation and Strategy (IRES) and commissioned by the Romanian Banks Association (ARB).According to the survey, approximately 77 percent of men use banking products and services, compared to just 66 percent of women. Also, 97 percent of the higher education population own at least current bank accounts.According to an ARB release, the share of Romanians with no current account is highest among people with low education, low incomes, or over 65 years of age, despite the basic current account being free of charge. By residence, 82 percent of the urban population owns banking products and services, compared to 60 percent of rural adults.Among the top reasons why people do not own a current account, 37 percent of the respondents mentioned too little income, 20 percent said they are paid in cash, 18 percent reported that all payments are made in cash, and 7 percent do not consider it useful. Approximately 70 percent of the respondents with bank accounts say they use debit cards. The credit card is used by 25 percent of the respondents to the survey.The survey was conducted between June and July 2024 at the commission of the Romanian Banks Association on a sample of 1,320 individual respondents, of whom 1,067 are users of banking products, and carries a maximum error margin of +/-2.75%.
Presidential candidate Elena Lasconi, the leader of the reformist party Save Romania Union (USR), announced a pro-European rally in Bucharest's Victoriei Square this Thursday, December 5. "Join me in the march to support European values," Lasconi urged in a message shared Tuesday evening. The rally is scheduled for 5:00 PM in Victorei Square, as detailed […]
Vastint Romania, in partnership with Digi Group (Digi24, Digi FM, and ProFM), invites the entire community to join the blood donation campaign "Give a Drop of Hope." The event will take place at Business Garden Bucharest, Building A, Calea Plevnei 159, on December 17th. In December 2023, Vastint Romania became the first private company to […]
Faster decreases in output and new orders signalled Levels of work outstanding and employment down again Inflationary pressures cool Romanian manufacturers continued to contend with challenging operating conditions in November, as nearly all the PMI components remained in negative territory. According to the headline reading, there was little change in the strength of the downturn […]
Romanian Business Leaders (RBL) announced on December 3 by a press release that it is supporting pro-Western candidate Elena Lasconi (USR) in the second round of the presidential elections. "We, the Romanian entrepreneurs, want prosperity for Romania and its citizens. It's a crucial moment, and we expect the political parties whose governing programs are based […]
A poll carried out by CURS concomitant with the exit poll at the parliamentary elections on December 1 but not published by the polling agency, reveals that over 57% of the voters would opt for independent pro-Russian candidate Calin Georgescu in a potential second round against reformist candidate Elena Lasconi (USR),
A group of influential leaders within the Social Democratic Party (PSD) in Romania, including former prime minister Victor Ponta (currently adviser to prime minister Marcel Ciolacu) and regional leaders such as Marius Budai or Paul Stanescu, are reportedly inclined rather for the pro-Russian presidential candidate Calin Georgescu or at least are ready to negotiate...
