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).
Romania has closed its participation in the 2025 Venice Architecture Biennale with the conclusion of Human Scale, the exhibition presented in the Romanian Pavilion at Giardini della Biennale and in the New Gallery of the Romanian Institute of Culture and Humanistic Research. Meanwhile, the project’s official catalogue has been made available to the public. The […]
The final version of Romania's national defence strategy 2025-2030, as amended following the public consultations and approved by the members of the Supreme National Defence Council (CSAT), is to be presented by president Nicusor Dan in Parliament, where it will be debated and voted on by lawmakers. The Romanian state must be prepared to manage […]
Romania aims, through its new National Defense Strategy, to become the second military power on the eastern flank and a defense provider in the Black Sea region, according to defense minister Ionuț Moșteanu. The new National Defense Strategy is a paradigm shift, the minister said. “A fundamentally different point of view is that we are […]
The 5 to go coffee chain, including over 650 units nationwide, is expanding its service portfolio through a partnership with Fibula Air Travel tour operator, for which it will distribute tourist packages, Ziarul Financiar reported. Fibula Air Travel has a significant presence in the markets...
The French group Groupe Atlantic is set to inaugurate the factory in Ariceştii Rahtivani, Prahova County, in the coming weeks, a greenfield investment of over EUR 50 million, announced Ziarul Financiar. So far, about EUR 40 million has been invested, and the remaining EUR 10 million is planned by the end...
Fondul Proprietatea (FP), as a minority shareholder (20%) at Bucharest Airports Company (CAB), proposed that the company could issue, under an IPO at Bucharest Exchange (BVB), a number of shares equal to half of its current shares, to finance the construction of a new terminal. The operation would preserve the state's majority position and generate […]
