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.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
