At end-February 2025, broad money (M3) amounted to RON 737,187.2 million, up 0.3 percent (-0.6 percent in real terms) month on month. In year-on-year comparison, broad money rose by 9.0 percent (3.8 percent in real terms). At end-February 2025, loans to non-government sector granted by credit institutions increased 0.4 percent (-0.5 percent in real terms) from January 2025 to RON 420,249.5 million. RON-denominated loans, representing 69.9 percent of total volume of loans to non-government sector, grew by 0.4 percent, whilst foreign currency-denominated loans, holding 30.1 percent of total loans to non-government sector, advanced 0.3 percent when expressed in RON (similar evolution when expressed in EUR). In year-on-year comparison, loans to non-government sector advanced 9.4 percent (4.2 percent in real terms), on the back of the 11.3 percent increase in RON-denominated loans (6.0 percent in real terms) and the 5.3 percent rise in foreign currency-denominated loans expressed in RON (5.2 percent when expressed in EUR). At end-February 2025, credit to general government granted by credit institutions decreased 0.2 percent from January 2025, to RON 246,976.7 million. In year-on-year comparison, this indicator grew by 12.6 percent (7.3 percent in real terms). Deposits of non-government resident customers rose by 0.3 percent month on month to RON 626,552.4 million, while the annual growth rate was 7.8 percent (2.6 percent in real terms). RON-denominated deposits of residents, representing 70.0 percent of deposits of non government customers, picked up by 0.4 percent to RON 438,592.6 million month on month. In year-on-year comparison, they advanced 7.8 percent (2.6 percent in real terms). RON-denominated household deposits increased 0.5 percent to RON 253,202.1 million month on month and by 13.2 percent (7.8 percent in real terms) year on year. RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) advanced 0.2 percent (to RON 185,390.5 million) month on month and rose by 1.1 percent (-3.7 percent in real terms) year on year. Foreign currency-denominated deposits of residents, representing 30.0 percent of the total volume of deposits of non-government customers, went down 0.01 percent against January 2025 to RON 187,959.8 million when expressed in domestic currency (similar evolution when expressed in EUR). Compared to February 2024, this indicator grew by 7.8 percent when expressed in RON (7.6 percent when expressed in EUR). Foreign currency-denominated deposits of households declined by 0.5 percent from January 2025 to RON 127,808.4 million when expressed in RON (similar evolution when expressed in EUR). In year-on-year comparison, the indicator increased 6.6 percent when expressed in domestic currency (6.4 percent when expressed in EUR). Foreign currency-denominated deposits of other sectors advanced 1.0 percent against January 2025 to RON 60,151.4 million when expressed in RON (similar evolution when expressed in EUR). Compared to February 2024, the indicator rose by 10.4 percent when expressed in RON (10.2 percent when expressed in EUR).
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
The European Bank for Reconstruction and Development (EBRD) is lending up to EUR 29.9 million to the Romanian city of Brasov to finance energy efficiency upgrades in public buildings, initiating the city’s participation in the Bank’s flagship EBRD Green Cities programme. The Bank’s investment will fund the renovation of up to 20 public buildings, including […]
This festive season, JW Marriott Bucharest Grand Hotel invites guests to embrace the extraordinary and transform each moment into a lasting memory. On New Year’s Eve, the hotel unveils The Grand Countdown — a luminous celebration of new beginnings, thoughtfully crafted across four distinctive venues, each with its own character and atmosphere. The night begins […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over ArcelorMittal Tubular Products Iași (AMTP Iași) by Metinvest B.V. of the Netherlands, part of the Ukrainian steel and mining group owned by Rinat Akhmetov, New Voice of Ukraine reported last week. Metinvest has...
