Banks in Central and Eastern Europe expect new loan disbursements to rebound in 2021, supported by regulatory measures aiming to sustain the lending activity, after a significant year-on-year decrease in 2020, according to COVID-19 CEE banking sector impact survey, conducted by Deloitte in 12 countries in the region, including Romania. The loan demand decreased in the second quarter of 2020 in sectors such as hospitality, transport and storage, real estate and construction, as well as manufacturing. On the other hand, sectors such as wholesale and retail trade and agriculture saw an increase in the demand for loans, according to the survey.
Romania registered the third lowest employment rate in the EU in 2023, following Italy and Greece, according to recent Eurostat data. Only 69% of Romanians aged between 20 and 64 are employed, meaning nearly one-third of Romanians are not working. Certain factors influence these figures. Romania makes use of a category of special pensions applied […]
Authorities are looking into the case of a Romanian minor who was allegedly sold for RON 8,000 (EUR 1,600) and arrived in Germany with false documents. Romanian authorities were notified by those in Germany regarding the case, but investigations are still ongoing. The minor is currently in the care of the German state. The boy […]
The residential market had a strong start in 2024, with the first quarter ending with an 18% increase in the number of residential transactions in Bucharest compared to the same period last year, according to Colliers data. In the rest of the country, the increase was slightly higher - 19%. According to Colliers consultants, buying […]
Siemens Healthineers, the medical technology branch of the German multinational, recently launched its newest MRI scanner, the MAGNETOM Flow, during an event held in Bucharest on April 24. Featured in one of the panels during the event, Sonja Wehsely, executive vice president CEECA Siemens Healthineers, highlighted the strengths of the new scanner. Wehsely, who has […]
The Romanian General Prosecutor's Office officially announced the indictment of former president Ion Iliescu, former prime minister Petre Roman, and former deputy prime minister Gelu-Voican Voiculescu for crimes against humanity, in the case of the Mineriada (miners' riot) of June 1990. Along with the three, the former director of the Romanian Intelligence Service (SRI), Virgil […]
Uber launched its Green service in the popular mountain city of Brașov, in central Romania, on April 25, with a fleet of environmentally friendly vehicles such as Toyota Prius, Hyundai Ioniq, Tesla Model Y, and Volkswagen ID.3. Previously, the Uber Green option was made available to residents and tourists of Cluj-Napoca in November 2023. “We […]
