At end-August 2024, broad money (M3) amounted to RON 693,601.3 million, up 0.8 percent month on month. In year-on-year comparison, broad money rose by 10.8 percent (5.4 percent in real terms). At end-August 2024, loans to non-government sector granted by credit institutions increased 1.0 percent (0.7 percent in real terms) from July 2024 to RON 407,893.5 million. RON-denominated loans, representing 69.7 percent of total volume of loans to non-government sector, grew by 1.3 percent, whilst foreign currency-denominated loans, holding 30.3 percent of total loans to non-government sector, rose by 0.3 percent when expressed in RON (similar evolution when expressed in EUR). In year-on-year comparison, loans to non-government sector advanced 7.7 percent (2.5 percent in real terms), on the back of the 10.0 percent increase in RON-denominated loans (4.7 percent in real terms) and the 2.7 percent rise in foreign currency-denominated loans expressed in RON (2.0 percent when expressed in EUR). At end-August 2024, credit to general governemnt granted by credit institutions increased by 1.3 percent from July 2024, to RON 220,307.6 million. In year-on-year comparison, this indicator grew by 20.7 percent (14.8 percent in real terms). Deposits of non-government resident customers rose by 0.7 percent month on month to RON 591,511.0 million, while the annual growth rate was 10.9 percent (5.5 percent in real terms). RON-denominated deposits of residents, representing 70.7 percent of deposits of non government customers, picked up by 1.0 percent to RON 417,989.7 million month on month. In year-on-year comparison, they advanced 15.2 percent (9.7 percent in real terms). RON-denominated household deposits increased by 0.5 percent to RON 237,238.4 million month on month and by 19.6 percent (13.8 percent in real terms) year on year. RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) advanced by 1.7 percent (to RON 180,751.4 million) month on month and rose by 10.0 percent (4.7 percent in real terms) year on year. Foreign currency-denominated deposits of residents, representing 29.3 percent of the total volume of deposits of non-government customers, decreased by 0.1 percent against July 2024 to RON 173,521.3 million when expressed in domestic currency (similar evolution when expressed in EUR). Compared to August 2023, this indicator grew by 1.5 percent when expressed in RON (0.8 percent when expressed in EUR). Foreign currency-denominated deposits of households went down 0.4 percent from July 2024 to RON 119,435.9 million when expressed in RON (similar evolution when expressed in EUR). In year-on-year comparison, the indicator increased by 0.3 percent when expressed in domestic currency (-0.5 percent when expressed in EUR). Foreign currency-denominated deposits of other sectors picked up by 0.6 percent against July 2024 to RON 54,085.4 million when expressed in RON (when expressed in EUR, these deposits increased by 0.5 percent to EUR 10,867.3 million). Compared to August 2023, the indicator rose by 4.5 percent when expressed in RON (3.7 percent when expressed in EUR).
If you’re searching for a hidden gem in Europe, Romania is calling your name. Tucked between the Carpathian Mountains and the Black Sea, this country is an untouched marvel, combining natural beauty, rich history, and endless opportunities for entrepreneurs and retirees alike. Romania offers a unique blend of modern life and ancient charm, making it […]
Let’s talk about the lack of connection with our body and how this is closely tied to burnout, plus, what to do about it. So often throughout the day, we live almost entirely in our minds. We’re focused either on what we have to do at the moment—tasks that increasingly demand mental effort over physical […]
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
