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).
Several civic organisations held a protest last week targeting the leadership of Romania’s judiciary, after accusing senior magistrates of overstepping their institutional roles, Epochtimes-romania.com reported. The groups - Iniţiativa România, Corupţia ucide,...
The ruling coalition will no longer negotiate with the Superior Council of Magistracy (CSM) and the High Court (ICCJ) on the magistrates’ pensions law but instead will come up with a revised version of the bill by November 18, inviting magistrates’ associations to demonstrate their loyalty by issuing the necessary consultative opinion timely, such to […]
Along with the American investment fund Carlyle, which is said to want Lukoil's assets under a global deal and is already active in Romania through the Black Sea Oil and Gas company as the third largest gas producer in Romania (10%), there are at least two other companies interested, according to Romanian minister of energy […]
Subscriptions under the November 2025 issue under the Fidelis government bond scheme were the weakest in the last six months, signalling a moderation in investor appetite for this form of savings. The state raised only RON 1.3 billion (EUR 260 million), of which approximately two-thirds came from tranches denominated in euros,
The International Monetary Fund (IMF), under its annual Article IV Consultations with Romania, said that the country’s general government budget deficit may drop to 5.8% of GDP in 2026 and suggested further steps for further fiscal consolidation. The Fund’s proposed plan focuses on personal income taxation, which would generate 0.9% of GDP higher revenues by […]
Romania’s current account (CA) deficit widened by 7.5% y/y to EUR 8.8 billion in Q3, despite a slight improvement in the balance of trade in goods (the country’s main source of external deficit), according to data published by the National Bank (BNR). The deficit of the trade in goods contracted by 7.8% y/y (by EUR […]
