About 63% of people who want to apply for mortgages choose houses completed after 2010 or in construction and 40% are working in a multinational company, according to an analysis made by online broker Ipotecare.ro and the financial consulting and mortgage credit SVN Credit Romania. According to a press release, most people who buy houses using martgages (about 42%), are woring in small companies or obtain incomes from alternate source, such as royalties, or dividends, while 18% are working in state owned companies or in the budget system. While most people want new houses, about 23% focus on houses completed between 1978 and 2010, while 11% of those who apply for mortgages choose a house finished before 1977. People who buy houses by means of mortgages are mostly born between 1980 and 1999, while people under 25 represent only 3.1% of buyers by means of morgages. At the same time, people over 45, born before 1980, represent 13% of buyers through mortgages and access financing with the highest values, the analysis shows. The average value of a mortgage granted in the first 8 months in Romania was about 62,000 euros, according to the Central Bank (BNR) statistics and data of the banking market, 98% being held by credits with fixed interest rates. Mortgages of 5.5 billion euros were granted in the first 8 months at national level, on the rise by 49%, compared to the same period of 2023, which also incldued refinancing, conversions, transfers and restructuring. The overall level of mortgages in payment went up at the end of August, to 21.6 billion euros, on the rise by 2.1% compared to the level recorded in August 2023. Mortgages recorded a rising level of 21.3 billion euros, 0.5% lower than the total level at the end of 2022, according to BNR data. Ipotecare.ro is an online credit broker, which uses many algorithms to generate the best financing option for each specific situation. SVN Romania/Credit and Financial Solutions is one of the most important mortgage credits in Romania, with a volume of credits in 2023 of 91 million euros.
Daniel Christian Hulea, a Romanian man accused of contributing to the NetWalker ransomware attacks, has been sentenced to 20 years in prison after pleading guilty to conspiracy to commit computer fraud and wire fraud, according to a public announcement from the US Department of Justice. NetWalker was a Ransomware-as-a-Service operation launched in 2019, which recruited […]
The new Romanian government, headed by the same Social Democratic prime minister, Marcel Ciolacu, recently made its governance program public. Among its objectives are reducing the level of bureaucracy, maintaining the flat tax rate, and reducing the budget deficit to 7% in 2025. To reach its goals, the government reduced the number of ministries to […]
The European Commission (EC) announced on Monday, December 23, that it disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania, totaling EUR 26.8 billion in loans and grants. Under this latest disbursement, Romania received EUR 37.05 million as part of its second payment request. By comparison, according to the...
Romanian film trilogy Moromeții, directed by Stere Gulea, will be presented at the 54th edition of the Rotterdam International Film Festival, taking place from January 30 to February 9, 2025. This renowned European event, which annually presents hundreds of films across more than 20 sections, will feature the three films - Moromeții (1987), Moromeții 2 […]
Romania issued state aid worth EUR 1.3 billion during 2019-2023, with 62% of the projects being granted to foreign companies, according to an analysis conducted by EY Romania. The sectors that benefited the most from aid were the automotive industry, technology, manufacturing (light industry), medical industry, and the food and beverage industry. According to the […]
The Abracadabra – Secrets of Magic interactive exhibition will transform Arcub – Hanul Gabroveni in Bucharest into a magical universe starting December 27, 2024. Running until May 4, 2025, the event offers visitors the opportunity to explore a labyrinth of magic, featuring over 20 interactive attractions and more than 500 live performances by MAGITOT and […]
