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).
The objections raised by the Social Democratic Party (PSD) over Romania’s second package of reforms are being examined by prime minister Ilie Bolojan, and solutions are likely to be reached with PSD interim leader Sorin Grindeanu, Liberal senator Daniel Fenechiu said on August 25, according to statements at the Senate cited by
The Social Democratic Party (PSD) has returned to the meetings of the ruling coalition in Romania on August 25 after more than three weeks of boycott, and the four parties have reportedly agreed that the second package of reforms can be sent to Parliament for approval under the simplified procedure by the end of the […]
Romania’s pioneering independent theater festival, Undercloud, will celebrate its 18th edition this fall with 18 days of performances in 18 venues along Bucharest’s historic Calea Griviței. Organizers say the program spans a wide range of styles and themes, from intimate explorations of personal struggles to bold reinterpretations of classical and folk tales. The festival runs […]
Dacia Sandero was Europe’s top-selling car in July, the fourth monthly sales win for the small hatchback in 2025. The others came in January, February, and March. By outselling its competitors, the Sandero put an end to the three-month streak in which Renault Clio dominated this ranking, noted Autonews.com. After the first seven months of this […]
A 73-year-old motorcyclist was bitten by a bear on the famous Transfăgărășan mountain road on Saturday, August 23, according to the Argeș County Police Inspectorate. The incident took place in the Valea lui Stan area, on the road section between Poenari Fortress and Vidraru Dam. According to the police, the man “stopped on the road […]
Romania’s Foreign Ministry - MAE recently released a draft project to reintroduce a series of fees for consular services. The new fees will apply for certain categories of consular services at Romania’s diplomatic missions and consular offices abroad and will be published for public consultation on the MAE website. The new measures come as the government […]
