The stock of non-government bank loans in Romania increased by 0.6% m/m and 5.4% y/y to RON 384.2 billion (EUR 77 billion) at the end of November.
The annual growth rate, dragged down by more cautious household borrowing and moderate corporate lending, remained inferior to consumer price inflation (+6.7% y/y in November) and to the 13% nominal advance estimated for Romania’s GDP in 2023 compared to 2022.
Thus, the bank loans-to-GDP ratio decreased to 24.3% at the end of November...
According to a report from Romania’s National Institute of Statistics, during the period 2020-2022, the proportion of Romanian companies that introduced new or improved products or business processes into the market was 8.8%, a decrease of 1.9% compared to 2018-2020. Business innovation refers to the wide range of activities that enterprises...
SD Worx, a leading European HR and payroll solutions provider, said that it completed the acquisition of Romanian Software SRL, the market leader in Romania for payroll and Human Capital Management (HCM) solutions. Romania thus becomes the 18th European country in which SD Worx has its own proprietary payroll & HR software. SD Worx announced […]
The Holy Light will be brought from Jerusalem to Bucharest on the evening of Saturday, May 4, and then distributed to other areas of the country, according to a press release published by Basilica.ro. Moreover, a delegate of the Metropolis of Moldavia and Bucovina will take the Holy Light from Bucharest to Chisinau, in the […]
After six months of renovation work, the bookstore Șt. O. Iosif, the “heart” of Libris, reopened its doors in Brașov on April 26. The investment in the space redevelopment project, which also includes the rehabilitation of the building - a historical monument in which the bookstore has been operating since its foundation, amounts to EUR […]
Romanian athletes shined at the 2024 European Rowing Championships in Szeged, Hungary, gathering a total of eight medals: four gold, two silver, and two bronze. They thus managed to secure the second place in the competition’s medal count for Romania, the Olympic and Sports Committee announced. The gold medals were won...
Seventeen birds from species protected by law were found by police at the residence of a man in Domneşti, Ilfov county, in southern Romania, and were subsequently released into the wild. The police have opened a criminal case related to the matter. During checks, police officers from the Ilfov Animal Protection Office discovered that the […]
