ROBOR has fallen amid liquidity in the market, but the shock on inflation is bound to be transferred to interest rates, said on Wednesday the president of the Association CFA Romania, Adrian Codirlasu.‘ROBOR has fallen amid liquidity in the market and reduced inflation. But for the last two months we had shock on inflation, which is bound to be transferred to interest rates. In the context of high inflation, the interest rates will continue to grow. In general, an interest rate must contain the anticipated rate of inflation. Otherwise, economic imbalance is created. Similarly, we had to have in mind that a loan taken but somebody is the asset of somebody else. Asset on which they expect a return above inflation’, said Adrian Codirlasu. The three-month ROBOR index, on the basis of which the cost of consumer loans in lei with variable interest rates is calculated, fell on Wednesday to 6.50% p.a. from 6.51% p.a. in the previous session, reaching the monetary policy interest rate, according to data published by the National Bank of Romania (NBR). As for the reference index for consumer credit (IRCC), regulated by GEO 19/2019, it is 6.06% per annum, calculated as the arithmetic average of daily interest rates on interbank transactions in the second quarter of 2025, the highest level recorded so far by the latter.
Every year, on the third Thursday of November, France celebrates the arrival of the Beaujolais Nouveau — the first wine of the harvest, young, fresh, and full of life. This joyful tradition has become a global symbol of conviviality, elegance, and the French art de vivre. In Bucharest, the celebration continues this year with an […]
The Romanian Football Federation (FRF) announced Bucharest’s candidacy to host the Europa League final in 2028 or 2029 at the National Arena, according to the FRF official website. The Europa League final represents a high-profile sporting event on a European scale. Istanbul will host the Europa League final in 2026, followed by Frankfurt in 2027. […]
Three cats from Romania received the top distinctions during the 2025 World Cat Championship held in Bucharest. Wild Forest’s Nordri, an imposing white Norwegian Forest Cat born in Romania, conquered the supreme title of 2025 World Champion, defeating over 750 cats from 35 countries. Nordri’s son, Wild Forest’s Quasar, aged 7 months, was also named […]
A report by the Romanian Court of Accounts, conducted between April and November 2024, which analyzed the organization and functioning of communes and small towns in relation to the population served, shows that, depending on the number of inhabitants, many towns and communes no longer meet the criteria for inclusion in their respective categories. According […]
An association of construction companies from Romania and Bulgaria has won the contract for building the first section of the A8 Târgu Neamț – Iași – Ungheni highway, with a bid of 4.76 billion (EUR 936 million). The contract for the 27-kilometer road can be signed within ten days if no appeals are filed. “The […]
The organizer of the march commemorating 10 years since the Colectiv club fire tragedy, Marian Rădună, was fined RON 3,000 (EUR 600) by the gendarmes because the demonstration exceeded 11:00 PM, the time set in the authorization. Approximately 200 people participated on Thursday, October 30, in the march commemorating 10 years since the tragedy at […]
