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 2025 edition of the year’s first major film fest in Europe (and one of the biggest worldwide), the Berlin International Film Festival, took place between 13 and 23 February. My notes come with a bit of delay, as I was also hit by the festival flu that got so many of us sniffling and […]
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
