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).
German company Henkel, with over 500 employees in Romania, has opened a new headquarters in Bucharest, marking a fresh chapter in its three-decade presence in the local market. The space blends Henkel’s “Smart Work” concept with Romanian cultural design elements inspired by Constantin Brâncuși and traditional motifs, while a dedicated quiet zone pays tribute to […]
A couple of years ago, Romania’s Defense Ministry concluded a USD 400 million deal with Israeli company Elbit for the development of seven Watchkeeper X systems, which will be used to detect Russian operations near the border areas. The drones will be delivered in a few months, according to the manufacturer, as reported by Digi24. […]
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
Romanian president Nicusor Dan reiterated in a speech at the 2025 Digital Governance Summit organised by Edge Institute at Cotroceni Palace and published on the Presidency's webpage, thus making it somewhat official, an invitation addressed to the "private community" to draft regulations and sectoral policies that the state is unfortunately unable to design, such as […]
