At end-August 2021, broad money (M3) amounted to RON 533,282.4 million, up 1.5 percent (1.3 percent in real terms) month on month and 17.8 percent (11.9 percent in real terms) year on year, Romanian Central bank (BNR) informs. At end-August 2021, loans to non-government sector granted by credit institutions increased 1.0 percent (0.8 percent in real terms) from July 2021 to RON 309,691.2 million. RON-denominated loans, representing 71.3 percent of total volume of loans to non-government sector, moved up 1.3 percent, whilst foreign currency-denominated loans, representing 28.7 percent of total loans to non-government sector, increased 0.3 percent when expressed in RON (down 0.03 percent when expressed in EUR). In year-on-year comparison, loans to non-government sector advanced 12.8 percent (7.2 percent in real terms), on the back of the 17.5 percent increase in RON-denominated loans (11.6 percent in real terms) and the 2.7 percent rise in foreign currency-denominated loans expressed in RON (up 0.7 percent when expressed in EUR). Credit to general government went up 0.5 percent in August 2021 from the previous month to RON 160,434.0 million and 18.0 percent (12.1 percent in real terms) year on year. Deposits of non-government resident customers stood 1.7 percent higher month on month at RON 449,906.6 million and the annual growth rate was 15.5 percent (9.7 percent in real terms). RON-denominated deposits of residents, representing 64.8 percent of deposits of non-government customers, rose 1.9 percent to RON 291,692.5 million month on month and 16.1 percent (10.3 percent in real terms) year on year. RON-denominated household deposits decreased by 0.2 percent to RON 158,345.1 million month on month and advanced 12.6 percent (7.0 percent in real terms) year on year. RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) went up 4.7 percent (to RON 133,347.4 million) month on month and 20.6 percent (14.6 percent in real terms) year on year. Foreign currency-denominated deposits of residents, representing 35.2 percent of total volume of deposits of non-government customers, increased by 1.3 percent against July 2021 to RON 158,214.1 million when expressed in domestic currency (when expressed in EUR, these deposits moved ahead 1.0 percent to EUR 32,060.9 million). In year-on-year comparison, this indicator grew 14.2 percent when expressed in RON and 12.1 percent when expressed in EUR. Foreign currency-denominated deposits of households went up 1.2 percent from July 2021 to RON 113,144.1 million when expressed in RON (up 0.9 percent when expressed in EUR). On an annual basis, this indicator expanded by 12.9 percent when expressed in domestic currency and by 10.8 percent when expressed in EUR. Foreign currency-denominated deposits of other sectors advanced 1.6 percent against July 2021 to RON 45,070.0 million when expressed in RON (1.2 percent when expressed in EUR). Compared to August 2020, this indicator moved up 17.6 percent when expressed in RON (15.4 percent when expressed in EUR).
Prime minister Ilie Bolojan said the government’s fiscal consolidation measures are beginning to show results, citing a 12.5% rise in state budget revenues and a drop in personnel spending in the third quarter, among other indicators. He pointed to the improving figures and stronger market confidence as signs that Romania is “on the right path.” […]
One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the signing of a new lease agreement for the relocation of Cencora Romania’s headquarters within One Cotroceni Park, the most modern business ecosystem in Bucharest. Cencora is a global leader in pharmaceutical solutions, dedicated to improving […]
The investment includes the modernization of the production unit in Crevedia and the launch of PIUA, Maidan’s first premium spreadable product range, responding to the growing demand in the ready-to-eat market. Maidan, a company active in corporate and private event catering, industrial catering and the development of its own gastronomic products, announces a total investment […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the signing of a new lease agreement for the relocation of Cencora Romania’s headquarters within One Cotroceni Park, the most modern business ecosystem in Bucharest. Cencora is a global leader in pharmaceutical solutions, dedicated […]
Unanimously adopted, the Nordis Law marks a decisive moment for Romania’s residential market. It introduces a set of rules designed to protect buyers, hold developers accountable, and reduce speculative risks, with a strong focus on transparency and stability. Under the new legislation, the reservation fee cannot exceed 5% of the property value, reservation contracts cannot […]
Via Dobrogeana, a planned trail covering the southeastern part of the country, aims to offer travelers the opportunity to explore the region's cultural and ethnic diversity. The trail will be about 850 km long, stretching from the 17th-century Sfânta Precista Monastery in Galați to Ialomița County. Via Dobrogeana will be a mixed route. In addition […]
