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.
Speech by Ambassador Angela Ganninger on the occasion of German Unity Day: “Mr. President of the Senate, Mr. Mircea Abrudean, Madam Deputy Prime Minister, Ms. Oana Gheorghiu, Madam Minister of Foreign Affairs, Ms. Oana Țoiu, Excellencies, Distinguished Guests, Ladies and Gentlemen, It is a great pleasure to welcome you to...
The “Teambuilding” phenomenon returns to the big screen: Teambuilding 2 opens in cinemas nationwide today After the first film drew more than one million cinema admissions, Horia and the gang return for another encounter with the absurdities of office life. Four years after its release, Teambuilding ranks first among the...
OMV Petrom and SNGN ROMGAZ SA, joint titleholders of the Neptun Deep block, expect first gas production to enter the National Transmission System (NTS) in the first half of 2027. “Narrowing the first gas window marks a major milestone for Neptun Deep and brings us closer to production, “said Christina...
Tools based on artificial intelligence are becoming the go-to problem-solvers for employees whenever a problem arises, according to the MKOR study “AI Adoption Report Romania 2026.” Roughly 1 in 5 employees (22%) ask an AI first, rather than a team colleague or direct manager. When they do not know how to solve a work task, […]
Prosecutors with the Directorate for Investigating Organized Crime and Terrorism (DIICOT) announced on Wednesday, October 7, that they had seized several bank accounts opened in Călin Georgescu’s name. It is not yet clear how many bank accounts were seized, but Digi24 sources referred to seven accounts holding...
Bucharest Photofest returns from October 9 to 18 with more than 200 artists and 40 events across ten venues in the Romanian capital. This year’s theme, “Witness,” explores photography as a form of social and cultural engagement. The programme includes work documenting the siege of Mariupol by Ukrainian photographer Evgeniy Maloletka, the human experience of […]
