The value of loans granted by non-banking financial institutions (IFNs) in Romania reached a record level of over RON 37.5 bln (EUR 7.5 bln) at the end of June 2021, up 6.7% YoY, according to the latest KeysFin analysis. In 2020, the loans granted by the IFNs registered in the General Register increased by 2.3% to RON 35.2 bln, but at the end of December 2020, they remained by 4% below the historical level of RON 36.8 bln reached in December 2008. "After the risk aversion and subdued demand amid uncertainty pushed down lending during the first part of the pandemic, in the fall of 2020, the mood gradually turned to normal, and in the first half of 2021, we reached the historical levels of lending," said Diana Florescu, economic analyst KeysFin, one of the most important providers of business information solutions from Romania. According to the total asset at the end of 2020, Unicredit Leasing IFN was the largest IFN in Romania, with RON 5.3 bln - 13% market share. It was followed by BCR Leasing IFN, with total assets of RON 2.7 bln (7% market share), Unicredit Consumer Financing IFN SA, with total assets of RON 2.3 bln (6% market share), Deutsche Leasing Romania IFN and Impuls Leasing Romania IFN, according to data from the Ministry of Public Finance consulted by KeysFin.
By Ambassador Extraordinary and Plenipotentiary Permanent Representative to the Council of Europe, Dr. Ion I. Jinga Strasbourg, January 2025 Motto: “Precedents in history can furnish no other light than that of beacons, which give warning on the course to be shunned, without pointing out that which ought to be pursued.” Alexander Hamilton, Founding […]
A technical evaluation mission of the Secretariat of the Corporate Governance Committee of the Organisation for Economic Co-operation and Development (OECD) took place on January 20-23 at the General Secretariat of the Government (SGG).According to SGG, the major objective of the mission was to analyse and evaluate the implementation by Romania, as a candidate state, […]
The state budget deficit forecast for 2025 has increased to the average value of expectations of 7.3% of GDP and economic growth expectations are at the average value of 1.3%, according to the estimates of analysts from the CFA Romania Association.Public debt calculated as a percentage of GDP is expected to increase to 57% in […]
New orders in the manufacturing industry increased by 2.7%, in nominal terms, overall (domestic and foreign markets), between January 1 and November 30, 2024, compared to the same period in 2023, according to data published on Thursday by the National Institute of Statistics (INS).In the same period, the evolution of new orders in the manufacturing […]
The Élysée Treaty is the foundation of the close Franco-German friendship and the symbol of reconciliation between Germany and France after World War II, said the German ambassador in Bucharest, Peer Gebauer.The message is sent by the German diplomatic mission in the context in which Germany and France celebrate 62 years since the signing of […]
The presidential candidate of the PSD-PNL-UDMR coalition (Social Democratic Party, National Liberal Party, Democratic Union of Hungarians of Romania), Crin Antonescu, on Tuesday stated that president Klaus Iohannis should have terminated his mandate as soon as the new Parliament was configured, in the context in which "he doesn't at least communicate with the people.""For the […]
