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).
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
The Fabrica de Glucoză area is undergoing one of the fastest urban transformations in Bucharest, strengthening its position as one of the most dynamic residential and investment hubs in the northern part of the city. The modernization of infrastructure, the reconfiguration of the Dimitrie Pompeiu – Fabrica de Glucoză – Pipera axis, and the overall […]
