At end-March 2022, broad money (M3) amounted to RON 567,285.5 million, down 0.6 percent (or 2.4 percent in real terms )month on month. In year-on-year comparison, broad money rose by 13.6 percent (3.2 percent in real terms), the Na?ional Bank of Romania (BNR) informs. At end-Maech 2022, loans to non-government sector granted by credit institutions increased 1.6 percent (down 0.3 percent in real terms) from February 2022 to RON 336,132.6 million. RON-denominated loans, representing 72.7 percent of total volume of loans to non-government sector, moved up 1.9 percent, whilst foreign currency-denominated loans, representing 27.3 percent of total loans to non-government sector, grew 0.8 percent when expressed in RON (similar evolution when expressed in EUR). In year-on-year comparison, loans to non-government sector advanced 15.7 percent (5.0 percent in real terms), on the back of the 20.0 percent increase in RON-denominated loans (8.9 percent in real terms) and the 5.6 percent rise in foreign currency-denominated loans expressed in RON (up 5.1 percent when expressed in EUR). Credit to general government decreased 1.6 percent in March 2022 from the previous month to RON 164,033.9 million. In year-on-year comparison, this indicator increased 6.2 percent (down 3.5 percent in real terms). Deposits of non-government resident customers went down 0.5 percent month on month to RON 478,751.9 million, while the annual growth rate was 11.1 percent (0.9 percent in real terms). RON-denominated deposits of residents, representing 62.4 percent of deposits of non-government customers, decreased 2.7 percent to RON 298,571.4 million month on month and rose 6.6 percent (down 3.2 percent in real terms) year on year RON-denominated households deposits went down 4.8 percent to RON 156,831.2 million month on month and advanced 1.0 percent (down 8.3 percent in real terms) year on year. RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) decreased by 0.2 percent (to RON 141,740.2 million) month on month and advanced by 13.6 percent (3.1 percent in real terms) year on year. Foreign currency-denominated deposits of residents, representing 37.6 percent of total volume of deposits of non-government customers, went up 3.3 percent against February 2022 to RON 180,180.5 million when expressed in domestic currency (when expressed in EUR, these deposits moved ahead 3.3 percent to EUR 36,425.1 million). In year-on-year comparison, this indicator grew 19.5 percent when expressed in RON and 19.0 percent when expressed in EUR. Foreign currency-denominated deposits of households increased by 2.9 percent from February 2022 to RON 125,047.9 million when expressed in RON (similar evolution when expressed in EUR). On an annual basis, this indicator expanded by 14.4 percent when expressed in domestic currency and by 13.9 percent when expressed in EUR. Foreign currency-denominated deposits of other sectors advanced 4.1 percent against February 2022 to RON 55,132.7 million when expressed in RON (similar evolution when expressed in EUR). Compared to March 2021, this indicator moved up 32.8 percent when expressed in RON (32.2 percent when expressed in EUR).
A moose has been unexpectedly spotted in the Hunedoara county area, specialists from the conservation group Rewilding Romania announced on Wednesday, December 10, sharing footage of the animal on social media. The sighting is considered “an important discovery for Romania’s wildlife,” though experts caution that it remains unclear how the animal reached this region. According […]
Trade unionists will continue to require the Presidential Administration to mediate the conflict with the government on issues such as the minimum wage or the collective labour agreement, said Bogdan Hossu, president of the Cartel Alfa trade union confederation, as reported by
Prime minister Ilie Bolojan said on Wednesday, December 10, that Romania’s state budget for 2026 will be adopted only at the end of January, citing the need for Parliament to first approve legislation required to ensure predictability and compliance with the country’s deficit targets. His comments came as the government has been working to align […]
Bosch announced that its Global Business Services centre in Romania, at Timisoara, plans to reduce approximately 510 positions of the existing 1,800 by the end of 2030 as part of a cost-cutting plan that aims to lay off 13,000 employees worldwide across the entire group. The company cited “stagnant demand for services” and “productivity potentials […]
Romanian dairy producer Artesana will begin construction of a new factory in 2025, an investment estimated at EUR 8-10 million with production specialised in cheese products scheduled to start in 2027, Mediafax.ro reported. The company said...
Roșii Românești, a company registered in Timișoara as part of the Polish group Citronex, has begun its planned EUR 20 million investment in the construction of a modern hydroponic tomato greenhouse complex, accompanied by a packaging space, road infrastructure, logistics platforms, and utility connections. The documents have been submitted to the Environmental Agency, and production […]
