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.
The well-known bookstore chain Cărturești is set to open Romania’s largest bookstore as part of an innovative edutainment concept within the expansive RIVUS project in Cluj-Napoca. The new store, spanning 2,500 square meters over two floors, will combine a broad selection of books in Romanian, Hungarian, and English with stationery, home décor, toys, and gifts, […]
Romanian prosecutors have dismantled a criminal network that helped Russians, Ukrainians, and Moldovans obtain Romanian ID cards with the help of state employees. The group secured ID cards for seven thousand foreigners over the last two years, according to investigators. The perpetrators would establish fictitious residences in Romania with the help of employees from the […]
According to a new survey conducted between June 20 and 26, six out of ten Romanians believe the country is heading in the wrong direction. The poll, conducted by INSCOP Research at the request of Informat.ro in partnership with the Strategic Thinking Group, also revealed that roughly a third of respondents...
In celebration of the Summer Solstice, JW Marriott Bucharest Grand Hotel hosted a signature Garden Party at Olea, as part of a global series of events inspired by the JW Garden and rooted in the spirit of each unique location. This marked the second garden gathering at Olea, following last year’s celebration of JW Marriott’s […]
The Romanian Parliament has voted to exclude lawmakers who own residential properties in Bucharest or the surrounding Ilfov county from receiving housing allowances for accommodation costs in the capital. In a plenary session on Monday, June 30, 361 members of Parliament voted in favor of the measure, while two abstained,
Cambridge School of Bucharest (CSB) has once again demonstrated its commitment to education by successfully passing its latest inspection by the Independent Schools Inspectorate (ISI), becoming the first school in Romania, and among the first international schools in the world, to do so under the newly revised British Schools Overseas (BSO) framework. This milestone solidifies […]
