According to the Central Bank (BNR) data, at end-December 2021, broad money (M3) amounted to RON 564,423.6 million, up 3.1 percent month on month and 15.8 percent (7.0 percent in real terms) year on year. At end-December 2021, loans to non-government sector granted by credit institutions increased 0.7 percent (down 0.01 percent in real terms) from November 2021 to RON 324,227.9 million. RON-denominated loans, representing 72.4 percent of total volume of loans to non-government sector, moved up 1.3 percent, whilst foreign currency-denominated loans, representing 27.6 percent of total loans to non-government sector, decreased 1.0 percent when expressed in RON (similar evolution when expressed in EUR). In year-on-year comparison, loans to non-government sector advanced 14.8 percent (6.1 percent in real terms), on the back of the 19.6 percent increase in RON-denominated loans (10.6 percent in real terms) and the 3.9 percent rise in foreign currency-denominated loans expressed in RON (up 2.2 percent when expressed in EUR). Credit to general government went up 9.0 percent in December 2021 from the previous month to RON 172,628.2 million and 18.6 percent (9.6 percent in real terms) year on year. Deposits of non-government resident customers stood 3.6 percent higher month on month at RON 479,302.9 million and the annual growth rate was 13.9 percent (5.3 percent in real terms). RON-denominated deposits of residents, representing 65.0 percent of deposits of non-government customers, increased 4.6 percent to RON 311,439.6 million month on month and rose 13.5 percent (4.9 percent in real terms) year on year. RON-denominated households deposits increased by 2.5 percent to RON 165,023.8 million month on month and advanced 9.0 percent (0.7 percent in real terms) year on year. RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) moved up 7.2 percent (to RON 146,415.8 million) month on month and increased 19.1 percent (10.1 percent in real terms) year on year. Foreign currency-denominated deposits of residents, representing 35.0 percent of total volume of deposits of non-government customers, increased by 1.8 percent against November 2021 to RON 167,863.3 million when expressed in domestic currency (when expressed in EUR, these deposits moved ahead 1.8 percent to EUR 33,924.8 million). In year-on-year comparison, this indicator grew 14.7 percent when expressed in RON and 12.9 percent when expressed in EUR. Foreign currency-denominated deposits of households went up 1.8 percent from November 2021 to RON 118,845.4 million when expressed in RON (up 1.8 percent when expressed in EUR). On an annual basis, this indicator expanded by 12.9 percent when expressed in domestic currency and by 11.1 percent when expressed in EUR. Foreign currency-denominated deposits of other sectors advanced 1.9 percent against November 2021 to RON 49,017.9 million when expressed in RON (2.0 percent when expressed in EUR). Compared to December 2020, this indicator moved up 19.3 percent when expressed in RON (17.4 percent when expressed in EUR).
Five IAR-99 SM aircraft, modernized at the Craiova Aircraft Factory, or Avioane Craiova, will be part of Romania’s air force coordinated by the Ministry of Defense. According to Dolj County Council president Cosmin Vasile, two of these aircraft performed a demonstration flight on Wednesday, March 12, in the presence of defense minister Angel Tîlvăr. "Five […]
At the International Property Awards in London, the world's most prestigious Awards program for all aspects of the Real Estate industry, STIRIXIS Group, the Greek design and consulting firm that designs and delivers buildings and spaces that act as catalysts for Real Prosperity worldwide, was honored with: 'The Best Public Service Design in the World […]
Edge Institute, a think tank made up of an independent group of experts united by the common vision of increasing Romania's digital development and evolution, was launched on Wednesday, March 12. The Institute aims to become a facilitator of digital transformation, bringing together expertise from the private, academic, and administrative sectors to provide viable solutions […]
The 24th edition of the Transilvania International Film Festival (TIFF), set to take place from June 13 to 22 in Cluj-Napoca, will feature a unique event that combines cinema with live music: Amadeus LIVE. The special event will present the 1984 film Amadeus, directed by Miloš Forman, which explores the life and genius of Wolfgang […]
As Europe moves toward a new era of industrial policy, Beko, the continent’s largest home appliance manufacturer, is making the case for a stronger, more unified approach. Attending the key event on the Deal, Beko emphasizes the urgent need to ensure that industries investing in decarbonization, energy efficiency, and innovation remain globally competitive. Having built […]
A recent survey conducted by Unlock Market Research for Colliers has revealed that fewer Romanians can afford to buy a home, with the percentage of urban homeowners standing at just 73%, significantly lower than the official statistic of 95%. Interest in homeownership has dropped from around 44% in previous years to 35% in 2025, driven […]
