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 agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
