The three-month ROBOR index, which is used to calculate the cost of consumer loans in RON with variable interest rates, rose on Friday to 5.58% per year, up from 5.56% per year in the previous session, according to data published by the National Bank of Romania (BNR).At the beginning of the year, the three-month ROBOR index was 6.21%, and on January 3, 2023, it was 7.56%.The six-month ROBOR index, used to calculate interest rates on mortgage loans in RON with variable interest rates, increased to 5.62% per year, from 5.60%, while the 12-month ROBOR rose to 5.66%, from 5.65%.As for the reference index for consumer loans (IRCC), regulated by Government Emergency Ordinance (OUG) 19/2019, it stands at 5.99% per year, calculated as the arithmetic average of the daily interest rates of interbank transactions for Q2 2024, up from the previous quarter's value of 5.86%.In May 2019, OUG 19/2019 came into force, modifying the way the interest rate for RON loans with variable interest rates is calculated. The regulation established the reference index for consumer loans (IRCC), which is calculated quarterly based exclusively on interbank transactions.
On October 30, 2025, Envisia will host the 3rd edition of the Future of Boards Gala. The event brings together board members, executives, and governance ecosystem partners for an evening dedicated to recognizing responsible leadership, corporate governance, and high-performing boards. The six award categories celebrate individuals and boards who, through courageous decisions and integrity, create […]
The European real estate debt market is showing clear signs of recovery, supported by stabilized interest rates, competitive lending, and renewed investor confidence. According to AEW’s latest research, the credit financing gap across Europe is narrowing, with improved lending conditions helping to ease refinancing pressures that have weighed on the sector in recent years. Between […]
French retail chain Carrefour may want to sell its stores in Romania and exit the market, according to the French publication L’Informe. Moreover, it would also like to get rid of its operations in Poland and Argentina, according to the same source. So far, Carrefour has reportedly only analyzed a possible exit from the local […]
Romanians are not looking forward to Black Friday with more enthusiasm than last year, according to a recent survey. The main reasons are economic instability and the decline in purchasing power. Around 22% of Romanians say they will not buy anything on Black Friday 2025, and only 15% of Romanians plan to spend more compared […]
Cristina Ghițulică, a faculty member at the Faculty of Chemical Engineering and Biotechnologies (Politehnica Bucharest), was elected as the first woman president of the European Association for Quality Assurance in Higher Education, or ENQA. Ghițulică is the director general of the Romanian Agency for Quality Assurance in Higher Education. She was elected to head ENQA […]
The Bucharest National Opera and the Kinetobebe Association announced “The Dance of Velvet Steps,” a premiere performance for the audience with special needs, on Sunday, November 16. The show consists of a ballet performance adapted and made accessible for children and adults with disabilities. The performance is primarily addressed to children and adults with special […]
