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 non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
Nearly nine in ten Romanians expect to spend less or no more than last year on Christmas shopping, according to a new survey by tbi bank that highlights the impact of rising prices on household budgets ahead of the winter holidays. The nationwide poll, conducted in October on a sample of 1,011 respondents, shows that […]
A total of 77% of homeowners who answered a survey by ING and Ipsos said they implemented measures in the past three years to improve energy efficiency. The need to save on energy bills was the main driver of household modernization, the survey showed. Most respondents (62%) said they did so to reduce energy costs, […]
