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).
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...
Romania's Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision marks the first stage of a wider overhaul programme announced by prime minister Ilie […]
The retail sales volume index in Romania recovered for the second consecutive month in October, when it increased by 0.9% m/m after the 1.3% m/m advance in September – but it was far from fully recovering the 4.0% m/m plunge seen in August as an effect of higher VAT rate enforcement amid already negative consumer […]
Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 - the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% average advance in the European Union. The seasonally-adjusted index […]
