Deposits of non-governmental residents increased in July 2021 by 1 pct compared to the previous month, to the level of 442.334 billion RON and by 15.3 pct (9.9 pct in real terms) compared to July 2020, informs the National Bank of Romania (BNR), in a press release sent on Tuesday.Deposits in RON of the residents, with a share of 64.7 pct in the total deposits of non-governmental customers, increased by 0.5 pct compared to June 2021, up to 286.136 billion RON and by 16.4 pct (10.9 pct in real terms) compared to July 2020.According to the National Bank of Romania, deposits in RON of households increased by 0.6 pct compared to the previous month, up to 158.737 billion RON, and compared to July 2020 they recorded an increase of 13.1 pct (7.8 pct in real terms).The RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) increased by 0.3 pct (up to 127.399 billion RON) compared to the previous month and by 20.8 pct (15.1 pct in real terms) compared to July 2020.Deposits in foreign currency of residents, expressed in RON, representing 35.3 pct in the total volume of deposits of non-governmental customers, increased by 1.9 pct compared to June 2021, reaching the level of 156.197 billion RON (expressed in euro, they increased by 2.0 pct, up to 31.748 billion euros). Compared to July 2020, the indicator increased by 13.3 pct, expressed in RON and by 11.3 pct, if expressed in euro.Foreign currency deposits of households, expressed in RON, increased by 1 pct compared to June 2021, up to 111.815 billion RON; expressed in euros, they increased by 1.1 pct. Compared to the same period of 2020, the increase of this indicator expressed in RON was of 12.2 pct (10.2 pct, if the indicator is expressed in euro).Deposits in foreign currency of other sectors, expressed in RON, increased by 4.4 pct compared to June 2021, to 44.381 billion RON (4.5 pct when the indicator is expressed in euro). Compared to July 2020, this indicator, expressed in RON, increased by 16.3 pct (if expressed in euro, the increase was of 14.2 pct).
The number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
