According to the Central Bank (BNR) data, at end-December 2021, broad money (M3) amounted to RON 564,423.6 million, up 3.1 percent month on month and 15.8 percent (7.0 percent in real terms) year on year. At end-December 2021, loans to non-government sector granted by credit institutions increased 0.7 percent (down 0.01 percent in real terms) from November 2021 to RON 324,227.9 million. RON-denominated loans, representing 72.4 percent of total volume of loans to non-government sector, moved up 1.3 percent, whilst foreign currency-denominated loans, representing 27.6 percent of total loans to non-government sector, decreased 1.0 percent when expressed in RON (similar evolution when expressed in EUR). In year-on-year comparison, loans to non-government sector advanced 14.8 percent (6.1 percent in real terms), on the back of the 19.6 percent increase in RON-denominated loans (10.6 percent in real terms) and the 3.9 percent rise in foreign currency-denominated loans expressed in RON (up 2.2 percent when expressed in EUR). Credit to general government went up 9.0 percent in December 2021 from the previous month to RON 172,628.2 million and 18.6 percent (9.6 percent in real terms) year on year. Deposits of non-government resident customers stood 3.6 percent higher month on month at RON 479,302.9 million and the annual growth rate was 13.9 percent (5.3 percent in real terms). RON-denominated deposits of residents, representing 65.0 percent of deposits of non-government customers, increased 4.6 percent to RON 311,439.6 million month on month and rose 13.5 percent (4.9 percent in real terms) year on year. RON-denominated households deposits increased by 2.5 percent to RON 165,023.8 million month on month and advanced 9.0 percent (0.7 percent in real terms) year on year. RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) moved up 7.2 percent (to RON 146,415.8 million) month on month and increased 19.1 percent (10.1 percent in real terms) year on year. Foreign currency-denominated deposits of residents, representing 35.0 percent of total volume of deposits of non-government customers, increased by 1.8 percent against November 2021 to RON 167,863.3 million when expressed in domestic currency (when expressed in EUR, these deposits moved ahead 1.8 percent to EUR 33,924.8 million). In year-on-year comparison, this indicator grew 14.7 percent when expressed in RON and 12.9 percent when expressed in EUR. Foreign currency-denominated deposits of households went up 1.8 percent from November 2021 to RON 118,845.4 million when expressed in RON (up 1.8 percent when expressed in EUR). On an annual basis, this indicator expanded by 12.9 percent when expressed in domestic currency and by 11.1 percent when expressed in EUR. Foreign currency-denominated deposits of other sectors advanced 1.9 percent against November 2021 to RON 49,017.9 million when expressed in RON (2.0 percent when expressed in EUR). Compared to December 2020, this indicator moved up 19.3 percent when expressed in RON (17.4 percent when expressed in EUR).
Romanians living abroad are the first to cast their ballots in the second round of the 2025 presidential election, with voting officially starting on Thursday, May 15, at 22:00 Romanian time, when the polling station in Auckland, New Zealand, opens its doors, the electoral authority
The Fortified Church of Apold, in central Romania’s Mureş county, will open on May 17 for a performative evening that is meant to transform the historical site into a lively space, CasApold Association, the organizers of the event, announced. The program of the evening includes community interventions, live music, candlelight tours, art installations and the […]
The weekend of the presidential elections run-off brings film and design festivals, the crowd-pleaser Night of Museums, and a Festival of Pirates in the Danube Delta.
Loud screens and noise stress young children and affect their development Sound pollution in Romanian homes affects children's learning, play, and sleep, who are more vulnerable to noise than adults Studies show that children exposed to TV for 2 hours daily are 6 times more likely to experience language development delays Renowned doctor: Experiences actually […]
Estonian cinema will take center stage at the 24th edition of the Transilvania International Film Festival (TIFF) in the Focus Estonia program, presenting a curated selection featuring both recent releases and rediscovered classics, screened in restored versions. Among the films to be screened is Moonika Siimets' The Black Hole (2024), a dark sci-fi comedy inspired […]
The ITH Group, which includes the portals Vola.ro, Fru.pl, and GoVola.com and operates in Romania, Poland, and Bulgaria, announced the direct integration of LOT Polish Airlines flights into its own platforms. The collaboration strengthens the group’s position as a regional leader in flight ticket distribution, according to its press release. This will be achieved through […]
