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.
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]
The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]
A moose has been unexpectedly spotted in the Hunedoara county area, specialists from the conservation group Rewilding Romania announced on Wednesday, December 10, sharing footage of the animal on social media. The sighting is considered “an important discovery for Romania’s wildlife,” though experts caution that it remains unclear how the animal reached this region. According […]
Trade unionists will continue to require the Presidential Administration to mediate the conflict with the government on issues such as the minimum wage or the collective labour agreement, said Bogdan Hossu, president of the Cartel Alfa trade union confederation, as reported by
Prime minister Ilie Bolojan said on Wednesday, December 10, that Romania’s state budget for 2026 will be adopted only at the end of January, citing the need for Parliament to first approve legislation required to ensure predictability and compliance with the country’s deficit targets. His comments came as the government has been working to align […]
Bosch announced that its Global Business Services centre in Romania, at Timisoara, plans to reduce approximately 510 positions of the existing 1,800 by the end of 2030 as part of a cost-cutting plan that aims to lay off 13,000 employees worldwide across the entire group. The company cited “stagnant demand for services” and “productivity potentials […]
