The value of loans granted by non-banking financial institutions (IFNs) in Romania reached a record level of over RON 37.5 bln (EUR 7.5 bln) at the end of June 2021, up 6.7% YoY, according to the latest KeysFin analysis. In 2020, the loans granted by the IFNs registered in the General Register increased by 2.3% to RON 35.2 bln, but at the end of December 2020, they remained by 4% below the historical level of RON 36.8 bln reached in December 2008. "After the risk aversion and subdued demand amid uncertainty pushed down lending during the first part of the pandemic, in the fall of 2020, the mood gradually turned to normal, and in the first half of 2021, we reached the historical levels of lending," said Diana Florescu, economic analyst KeysFin, one of the most important providers of business information solutions from Romania. According to the total asset at the end of 2020, Unicredit Leasing IFN was the largest IFN in Romania, with RON 5.3 bln - 13% market share. It was followed by BCR Leasing IFN, with total assets of RON 2.7 bln (7% market share), Unicredit Consumer Financing IFN SA, with total assets of RON 2.3 bln (6% market share), Deutsche Leasing Romania IFN and Impuls Leasing Romania IFN, according to data from the Ministry of Public Finance consulted by KeysFin.
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Roughly 70% of Romanians are “very” or “moderately” concerned about how AI accesses and uses their data, according to the latest survey conducted by RoCoach in partnership with Novel Research between May and June 2025. Distrust in automated decision-making and the demand for regulation are becoming more pronounced, as Romania rolls out major digitalization projects […]
The Armenian Street Festival returns for a 9th edition between August 1 and 3, 2025, in the “Dimitrie Brândză” Botanical Garden in Bucharest. The festival brings into focus the living heritage of the Armenian community in Romania and the diaspora. According to the organizers, this year’s edition aims to strengthen the Bucharest–Chișinău–Yerevan cultural axis, articulated […]
The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]
Arrivals recorded in tourist accommodation structures in Romania, including apartments and rental rooms, in the first five months totaled 4.49 million people, up 0.8% compared to the same period in 2024, according to data from the National Institute of Statistics. Of the total number of arrivals during this period, Romanian tourists accounted for 80.8% and […]
