The 3 months ROBOR index , according to which the cost of consumer credits in lei with variable interest rate is calculated, went up to 4.70% per year on Thursday, from 4.68% per year the previous day, according to data released by the National Bank of Romania (BNR). A higher index level was recorded in 2013 – 4.74% per year. At the beginning of 2020, ROBOR index for 3 months was 3.19% per year, and at the beginning of 2021 it was 1.98%. The 6 months index, used to calculate interest rates for mortgages in lei with variable interest rate went up to 4.80% per year, from 4.78% on Wednesday, while ROBOR for 12 months climbed to 4.86% per year, from 4.83% per year. The BNR Administration Board decided two days before to increase the monetary policy interest rate to 3%per year, from 2.5% per year, as of April 6, 2022, and maintain strict control of cash flow in the monetary market. The reference index for consumer credits is 1.86% per year, being calculated as average of daily interest rates of interbank transactions in quarter 4, 2021, on the rise compared to the one published 3 months before of 1.17%. In May 2019, government order 19/2019 came into force to modify the way in which interest rates are calculated for credits with variable interest rates in lei. The order established the reference index for consumer credits calculated on a quarterly basis based on interbanking transactions.
Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]
The European Bank for Reconstruction and Development, or EBRD, has revised its estimates regarding the evolution of the Romanian economy in 2025 downward to 1.6%. The bank expects Romania’s GDP to grow 0.2% less than the 1.8% estimate made in February, and to increase by 2.4% in 2026. Romania's GDP growth slowed to 0.8% in […]
During a meeting on Monday, May 12, the Cluj-Napoca Local Council approved a draft resolution that imposes smoking restrictions in several public spaces in the city, including public transport stations, parks, and sports facilities. The resolution was adopted with 22 votes in favor and 3 abstentions, and will come into effect 90 days from the […]
An internal survey by Romanian Business Leaders, which does not have national representativeness but was answered by 417 entrepreneurs, shows that 62% of entrepreneurs expect to have to make layoffs, while a third expect the number of employees to remain the same. The expected layoffs are directly connected to the possibility of Romania choosing a […]
Romanian Istvan Kovacs will be the main referee for the UEFA Champions League final between Paris St-Germain and Inter Milan, which will be played on May 31 in Munich. The match will be Kovacs’ third European final in the last 4 years. The 40-year-old referee has previously officiated the UEFA Europa Conference League final in […]
Over 70 museums across Romania will open their doors after hours for the 21st edition of Night of Museums, one of the country's most anticipated cultural events. Held on the night of May 17, the event offers visitors a unique opportunity to explore exhibitions, installations, and creative activities in an unconventional, late-night setting. From major […]
