According to Central bank’s data, at end-February 2024, broad money (M3) amounted to RON 677,932.3 million, up 1.3 percent (0.5 percent inreal terms) month on month. In year-on-year comparison, broad money rose by 10.7 percent (3.3 percent in real terms). At end-February 2024, loans to non-government sector granted by credit institutions decreased 0.2 percent (-1.0 percent in real terms) from January 2024 to RON 383,922.5 million. RON-denominated loans, representing 68.7 percent of total volume of loans to non-government sector, increased by 0.1 percent, whilst foreign currency-denominated loans, holding 31.3 percent of total loans to non-government sector, dropped by 0.9 percent when expressed in RON (-0.7 percent when expressed in EUR). In year-on-year comparison, loans to non-government sector advanced 4.9 percent (-2.1 percent in real terms), on the back of the 5.5 percent increase in RON-denominated loans (-1.6 percent in real terms) and the 3.7 percent rise in foreign currency-denominated loans expressed in RON (2.7 percent when expressed in EUR). Credit to general government grew by 9.2 percent in February 2024 from the previous month, to RON 218,776.5 million. In year-on-year comparison, this indicator increased by 25.3 percent (16.9 percent in real terms). Deposits of non-government resident customers rose by 1.4 percent month on month to RON 582,655.7 million, while the annual growth rate was 11.6 percent (4.1 percent in real terms). RON-denominated deposits of residents, representing 70.1 percent of deposits of non government customers, increased by 1.8 percent to RON 408,161.9 million month on month. In year-on-year comparison, they advanced by 17.5 percent (9.6 percent in real terms). RON-denominated household deposits increased by 1.5 percent to RON 223,584.8 million month on month and by 21.9 percent (13.7 percent in real terms) year on year. RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) advanced by 2.2 percent (to RON 184,577.1 million) month on month and rose by 12.5 percent (5.0 percent in real terms) year on year. Foreign currency-denominated deposits of residents, representing 29.9 percent of the total volume of deposits of non-government customers, increased by 0.4 percent against January 2024 to RON 174,493.7 million when expressed in domestic currency (when expressed in EUR, these deposits rose by 0.5 percent to EUR 35,116.5 million). Compared to February 2023, this indicator dropped by 0.05 percent when expressed in RON (-1.0 percent when expressed in EUR). Foreign currency-denominated deposits of households decreased by 0.3 percent from January 2024 to RON 119,922.0 million when expressed in RON (when expressed in EUR, these deposits dropped by 0.2 percent to EUR 24,134.0 million). In year-on-year comparison, the indicator decreased 2.8 percent when expressed in domestic currency (-3.7 percent when expressed in EUR). Foreign currency-denominated deposits of other sectors grew 2.0 percent against January 2024 to RON 54,571.7 million when expressed in RON (when expressed in EUR, these deposits rose by 2.1 percent to EUR 10,982.4 million). Compared to February 2023, the indicator increased by 6.5 percent when expressed in RON (5.5 percent when expressed in EUR).
Csaba Balint, a member of the Board of Directors of the National Bank of Romania (BNR), looks at how Romania’s economy has evolved over the last 160 years. This analysis shows that public perception does not always reflect the reality described by numbers and statistics. In recent years, the collective perception of economic conditions and […]
Russia recently denied being involved in elections in other countries, including those in Romania, according to Kremlin spokesman Dmitry Peskov. "The Russian side has not been involved in the electoral processes in Romania. In general, we do not have the habit of meddling in the elections of other countries, specifically those in Romania," Peskov said […]
Just days before the program announcement for the 27th edition of the George Enescu International Festival, which will take place in Bucharest from August 24 to September 21, 2025, the organizer, ARTEXIM, announced a special project - the George Enescu – Poema Română: Immersive Experience. The digital show will debut on Wednesday, December 4, at […]
President Klaus Iohannis awarded the National Order of the Star of Romania, in the rank of Grand Cross, to Kathleen Kavalec, the United States ambassador to Bucharest, on Friday, November 29. The decoration recognizes ambassador Kavalec’s exceptional contributions to strengthening the Strategic Partnership between Romania and the United States, the Presidential Administration
Romania's National Day will be marked by a host of events organized by the Romanian Cultural Institute (ICR) through its branches worldwide and in partnership with various cultural institutions. ICR London invites the public on November 30, to the LSO St Luke's Hall, where a concert performed by Teodora Brody and the London Symphony Orchestra, […]
Moldovan president Maia Sandu published a video encouraging Romanian citizens to vote in the upcoming parliamentary (December 1) and presidential (December 8) elections and to not believe “those who tell you that closer ties with the Kremlin bring peace and prosperity.” Sandu pointed out in the video that the fate of Romania and that of […]
