Banks granted new credits of 195 billion lei to people and companies in 2020 and 2021, when the non governmental credit was 330 billion lei at the end of December, said Gabriela Folcut, CEO of the Romanian Association of Banks. “In 2020 and 2021 the volume of new credits granted by banks to people and companies was 195 billion lei, when the overall non governmental credit was 330 billion lei at the end of December. Practically, in 2021 alone, credits worth a third of the non governmental credit were granted,” said Gabriela Folcut at “Financial Forum 2022,” organized by The Diplomat. She said that the digitization activity did not start during the pandemic, but long before, but over 2020- 2021 there was a certain acceleration from the investment perspective, of about two billion lei for the first 15 banks in the market. “We, the Romanian Association of Banks, we studied this area and we found out that after the first year of pandemic 47% of consumers used online bank services and products. 19% used both online and offline services and 34% which is devoted to the physical interaction with the bank will remain devoted to the interaction with a bank officer,” Folcut said.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
