Romanians pay loan installments with annual effective interest rates almost double compared to many European countries. According to Eurostat data, the average annual effective interest rate on mortgage loans in Romania is 6.5%, well above the euro area average of 3.8%. Significant differences are also present in consumer loans. In Romania, the interest rate reaches 10.2%, compared to the European average ranging between 5% and 6.5%. While countries like Germany and France have more favorable interest rates, around 5.5% and 6%, Hungary and Poland have similar interest rates to Romania, at 9.8% and 9.5% respectively. "Accurate information and cost optimization are essential when Romanians make credit plans. Although interest rates are higher, there are solutions to reduce these costs through careful comparisons and brokerage services. Refinancing or direct negotiations with the bank can make a considerable difference in the long term," says Valentin Anghel, CEO of AVBS Credit Broker.
The Romanian government is expected to decide this week whether to declare Saturday, April 26, a national day of mourning in memory of Pope Francis, who passed away at the age of 88. According to Euronews Romania, the proposal will be discussed and approved during the upcoming cabinet meeting scheduled for Thursday, April 24. The […]
American cryptocurrency-based prediction market Polymarket, a platform where investors can place bets on various future events, predicts that the candidate of the PSD-PNL-UDMR ruling coalition in Romania, Crin Antonescu, is likely to win the presidential elections with his odds at 36%. As regards the first round, Polymarket predicts far-right candidate George Simion (AUR) would dominate […]
Some 51% of the Romanians say they are in favor of progressive taxation of salaries and accession to the euro. Meanwhile, 44% agree with reunification with the Republic of Moldova, according to a recent survey conducted by AtlasIntel for Hotnews.ro. According to the poll, only 4% of Romanians agree with Romania's exit...
BICO Industries, a construction materials producer controlled by the ROCA Industry holding with 60%, has signed a contract with the Environmental Funds Administration (AFM) to finance the construction of a factory for the production of non-woven fiberglass material by recycling fiberglass waste resulting both from its current activity (production of fiberglass mesh for reinforcing thermal […]
Biopharma Plasma of Ukraine is reportedly preparing the construction of a factory in western Romania at Oradea, where it would produce medicines by processing plasma, according to Economedia.ro and
Hungarian railway company Train Europe has acquired a 76% stake in Romanian rolling stock manufacturer Petroutilaj-3DRD from French firm Chemins de Fer Départementaux (CFD), Ziarul Financiar reported in April, citing a transaction finalised in January 2025. The acquisition marks a strategic expansion...
