At end-August 2024, broad money (M3) amounted to RON 693,601.3 million, up 0.8 percent month on month. In year-on-year comparison, broad money rose by 10.8 percent (5.4 percent in real terms). At end-August 2024, loans to non-government sector granted by credit institutions increased 1.0 percent (0.7 percent in real terms) from July 2024 to RON 407,893.5 million. RON-denominated loans, representing 69.7 percent of total volume of loans to non-government sector, grew by 1.3 percent, whilst foreign currency-denominated loans, holding 30.3 percent of total loans to non-government sector, rose by 0.3 percent when expressed in RON (similar evolution when expressed in EUR). In year-on-year comparison, loans to non-government sector advanced 7.7 percent (2.5 percent in real terms), on the back of the 10.0 percent increase in RON-denominated loans (4.7 percent in real terms) and the 2.7 percent rise in foreign currency-denominated loans expressed in RON (2.0 percent when expressed in EUR). At end-August 2024, credit to general governemnt granted by credit institutions increased by 1.3 percent from July 2024, to RON 220,307.6 million. In year-on-year comparison, this indicator grew by 20.7 percent (14.8 percent in real terms). Deposits of non-government resident customers rose by 0.7 percent month on month to RON 591,511.0 million, while the annual growth rate was 10.9 percent (5.5 percent in real terms). RON-denominated deposits of residents, representing 70.7 percent of deposits of non government customers, picked up by 1.0 percent to RON 417,989.7 million month on month. In year-on-year comparison, they advanced 15.2 percent (9.7 percent in real terms). RON-denominated household deposits increased by 0.5 percent to RON 237,238.4 million month on month and by 19.6 percent (13.8 percent in real terms) year on year. RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) advanced by 1.7 percent (to RON 180,751.4 million) month on month and rose by 10.0 percent (4.7 percent in real terms) year on year. Foreign currency-denominated deposits of residents, representing 29.3 percent of the total volume of deposits of non-government customers, decreased by 0.1 percent against July 2024 to RON 173,521.3 million when expressed in domestic currency (similar evolution when expressed in EUR). Compared to August 2023, this indicator grew by 1.5 percent when expressed in RON (0.8 percent when expressed in EUR). Foreign currency-denominated deposits of households went down 0.4 percent from July 2024 to RON 119,435.9 million when expressed in RON (similar evolution when expressed in EUR). In year-on-year comparison, the indicator increased by 0.3 percent when expressed in domestic currency (-0.5 percent when expressed in EUR). Foreign currency-denominated deposits of other sectors picked up by 0.6 percent against July 2024 to RON 54,085.4 million when expressed in RON (when expressed in EUR, these deposits increased by 0.5 percent to EUR 10,867.3 million). Compared to August 2023, the indicator rose by 4.5 percent when expressed in RON (3.7 percent when expressed in EUR).
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
