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).
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
