At end-June 2024, broad money (M3) amounted to RON 684,822.8 million, down 0.7 percent (-1.0 percent în real terms) month on month. In year-on-year comparison, broad money rose by 9.7 percent (4.5 percent in real terms). At end-June 2024 loans to non-government sector granted by credit institutions increased 1.8 percent (1.6 percent in real terms) from May 2024 to RON 400,694.9 million. RON-denominated loans, representing 69.1 percent of total volume of loans to non-government sector, grew by 2.3 percent, whilst foreign currency-denominated loans, holding 30.9 percent of total loans to non-government sector, rose by 0.8 percent when expressed in RON (similar evolution when expressed in EUR). In year-on-year comparison, loans to non-government sector advanced 6.7 percent (1.7 percent in real terms), on the back of the 8.7 percent increase in RON-denominated loans (3.5 percent in real terms) and the 2.7 percent rise in foreign currency-denominated loans expressed in RON (2.4 percent when expressed in EUR). At end-June 2024,Credit to general government granted by credit institutions decreased by 1.3 percent from May 2024, to RON 211,569.5 million. In year-on-year comparison, this indicator grew by 17.6 percent (12.0 percent in real terms). Deposits of non-government resident customers went down 1.2 percent month on month to RON 585,381.6 million, while the annual growth rate was 9.8 percent (4.6 percent in real terms). RON-denominated deposits of residents, representing 70.4 percent of deposits of non government customers, declined by 1.6 percent to RON 411,946.6 million month on month. In year-on-year comparison, they advanced 13.8 percent (8.5 percent in real terms). RON-denominated household deposits increased by 1.0 percent to RON 233,394.9 million month on month and by 20.2 percent (14.5 percent in real terms) year on year RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) decreased by 4.8 percent (to RON 178,551.7 million) month on month and rose by 6.5 percent (1.4 percent in real terms) year on year. Foreign currency-denominated deposits of residents, representing 29.6 percent of the total volume of deposits of non-government customers, declined by 0.2 percent against May 2024 to RON 173,435.0 million when expressed in domestic currency (similar evolution when expressed in EUR). Compared to June 2023, this indicator grew by 1.2 percent when expressed in RON (0.9 percent when expressed in EUR). Foreign currency-denominated deposits of households advanced by 0.02 percent from May 2024 to RON 120,374.5 million when expressed in RON (when expressed in EUR, these deposits increased by 0.01 percent to EUR 24,185.7 million). In year-on-year comparison, the indicator decreased by 0.1 percent when expressed in domestic currency (-0.3 percent when expressed in EUR). Foreign currency-denominated deposits of other sectors went down 0.7 percent against May 2024 to RON 53,060.5 million when expressed in RON (similar evolution when expressed in EUR). Compared to June 2023, the indicator rose by 4.2 percent when expressed in RON (3.9 percent when expressed in EUR).
Ireland can be seen as one of the most important business hubs in Europe and the European Union, as many international companies have established regional headquarters there. If you are looking for a country to expand your enterprise, you should definitely consider Ireland for several reasons that are presented below. Location and language The first […]
Cyprus is mostly known as a tourist destination. However, there is also a business side to it, as many investors choose it to open companies because of the favorable taxation system. Apart from its low corporate tax rate, there are a few more reasons why you should choose it if you are looking for a […]
The Romanian Commercial Code provides for various types of entities that can be created by natural persons and companies, local or foreign. Each of them has its own particularities, which can give it various advantages. How do you choose among them? We will review the main types of companies and their pros to help you […]
A new alley named after Romanian diplomat Nicolae Titulescu was inaugurated on Tuesday, December 9, in Paris’s Parc Monceau during a ceremony attended by Romania’s president Nicușor Dan and Paris mayor Anne Hidalgo. “I expressed my appreciation for the decision to name an alley in the beautiful Parc Monceau in Paris after the great Romanian […]
Oxygen Resort, a development located in central Romania’s Harghita county, has inaugurated its first bungalows. The first 18 bungalows are already functional, with another 17 units to be completed in the next stage, bringing the total to 35. The inauguration of the bungalows “marks the transition from a center dedicated predominantly to recreational activities to […]
Romania carried out a new medical evacuation mission for civilians from Gaza on Monday, December 8, transporting eight Palestinian patients and 29 accompanying relatives to Bucharest for treatment, according to the Department for Emergency Situations (DSU). The patients were evacuated aboard a Romanian Air Force C-130 Hercules aircraft after lacking access to adequate medical care. […]
