Acting President Ilie Bolojan welcomed on Wednesday at the Cotroceni Presidential Palace a delegation of the Romanian banking associations consisting of members of the Romanian Banking Employers' Council (CPBR) and the Romanian Banking Association (ARB).The meeting took place as the acting president expressed openness for engaging in a constructive dialogue with the business milieu, aimed at improving the financial-banking climate in Romania, the Presidential Administration said."The discussions focused on ways to support cooperation between the state, the banking sector, the business milieu and the citizens. Among the topics approached were the need for a courageous approach on the part of banks, by facilitating lending for investments, but also by creating a system that supports the absorption of European funds through banking services intended for enterprises or local public governments that implement projects financed from non-reimbursable European funds," the cited source said.The meeting also looked at other topics of relevance to the banking sector, considering the diversification of service portfolios and supporting economic growth.President Ilie Bolojan stressed the importance of banks taking up an active role as partners of the state for the country's economic development, expressing his support for the messages conveyed by the representatives of the two umbrella bodies of Romania's financial-banking sector.The representatives of the banking associative environment expressed their willingness to collaborate to identify solutions that benefit both the citizens and the Romanian economy."As a banking system, we are here to give out loans, we are here to grow our country's economy, we are here to contribute to the growth of prosperity. This is something that we all need to understand. We have assimilated this role and would be very happy if together we could set in place the premises, for example, for growing financial intermediation as it is defined in theory, specifically loans referenced to GDP, as Romania has one of the lowest intermediation rates in Europe. I must also say that although the European trend is for a decrease in the so-called financial intermediation, we are still at a very, very low level, but our task is to loan the economy, to lend to the population," said the president of the Romanian Banking Employers' Council Sergiu Manea. (Photo:https://www.presidency.ro/)
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
A young Romanian has developed a new system that allows people to return entire bags of recyclable packaging at once, replacing the traditional method of inserting bottles one by one into reverse-vending machines. The concept, called IZI, was created by Ștefan Parascanu, who returned to Romania after studying and working in the United Kingdom. The […]
JTI, the global owner of both Winston and Camel, announced on Thursday, November 27, a plan to build a new, state-of-the-art factory in Ștefăneștii de Jos, Ilfov County. Designed to replace the current Bucharest production site, which is operating under space constraints, the facility is scheduled for completion in 2027. Ground works at the new […]
The City Hall of Oradea, in northwest Romania, has begun installing new smart parking meters as part of its ongoing modernization and digitalization of the municipal parking system. The first batch of devices has already been placed in central areas, and the entire system is expected to become operational by the end of the year. […]
Orange Romania announced the launch of the 5G+ technology in the Bucharest subway, becoming the first operator in the country to reach mobile data speeds of up to 1 Gbps in the underground network. The company has begun activating the technology in several stations and plans wider deployment in the coming weeks. The first 5G+ […]
