At end-January 2024, broad money (M3) amounted to RON 668,960.7 million, up 0.2 percent ( -0.9 percent în real terms) month on month. In year-on-year comparison, broad money rose by 10.8 percent (3.2 percent in real terms). At end-January 2024, broad money (M3) amounted to RON 668,960.7 million, up 0.2 percent ( -0.9 percent în real terms) month on month. In year-on-year comparison, broad money rose by 10.8 percent (3.2 percent in real terms). Credi to general government grew by 1.9 percent in January 2024 from the previous month, to RON 200,258.2 million. In year-on-year comparison, this indicator increased by 13.7 percent (5.8 percent in real terms). Deposits of non-government resident customers rose by 0.1 percent month on month to RON 574,679.1 million, while the annual growth rate was 11.9 percent (4.2 percent in real terms). RON-denominated deposits of residents, representing 69.7 percent of deposits of non government customers, decreased by 0.2 percent to RON 400,833.7 million month on month. In year-on-year comparison, they advanced by 18.4 percent (10.3 percent in real terms). RON-denominated household deposits increased by 0.9 percent to RON 220,229.9 million month on month and by 22.7 percent (14.3 percent in real terms) year on year. RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) decreased by 1.6 percent (to RON 180,603.8 million) month on month and rose by 13.6 percent (5.8 percent in real terms) year on year. Foreign currency-denominated deposits of residents, representing 30.3 percent of the total volume of deposits of non-government customers, increased by 1.0 percent against December 2023 to RON 173,845.3 million when expressed in domestic currency (when expressed in EUR, these deposits increased by 0.9 percent to EUR 34,937.5 million). Compared to January 2023, this indicator dropped by 0.7 percent when expressed in RON (-1.8 percent when expressed in EUR). Foreign currency-denominated deposits of households rose by 0.5 percent from December 2023 to RON 120,328.4 million when expressed in RON (similar evolution when expressed in EUR). In year-on-year comparison, the indicator decreased 2.8 percent when expressed in domestic currency (-3.8 percent when expressed in EUR). Foreign currency-denominated deposits of other sectors grew 1.9 percent against December 2023 to RON 53,517.0 million when expressed in RON (similar evolution when expressed in EUR). Compared to January 2023, the indicator increased by 4.3 percent when expressed in RON (3.2 percent when expressed in EUR).
Marius Lulea, vice president of the far-right Alliance for the Union of Romanians (AUR), publicly praised former Communist dictator Nicolae Ceaușescu, drawing condemnation from historians and legal experts for promoting a convicted criminal against humanity,
The Party of European Socialists (PES) and the Socialists and Democrats group in the European Parliament (S&D) stated on May 12 their firm position...
Romanian tissue and sanitary paper products producer Elfi announced investments of EUR 10 million in 2025 to expand production capacity. The project involves the construction of a new production hall and the installation of a state-of-the-art production line, which will allow the company to operate three production lines and double its current capacity. In 2024, […]
With the investment fund Accession Capital Partners and the private equity fund Invenio Partners as majority shareholders since the end of 2024, the Romanian coffee chop chain 5 to go targets the Southeastern European market, according to Profit.ro and
Romanian lithium-ion battery manufacturer Prime Batteries Technology, founded and controlled by Romanian entrepreneur Adrian Polec, has entered into a collaboration with Arrow Electronics and NXP Semiconductors to launch a next-generation battery energy storage system - BESS platform, according to
Romania’s headline inflation remained steady at just under 4.9% y/y in April, in line with consensus expectations, as the average prices increased by a mere 0.07% in the month, according to the data published by the statistics office INS on May 13. Core inflation remained at 5.3% y/y as well. The National Bank of Romania […]
