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.
În cautarea paradisului pierdut (In search of the lost paradise), a documentary film looking at the phenomenon of reverse migration from urban to rural areas, will be screened in Bucharest this week. The film highlights the experiences of those who decided to reconfigure their lives and leave the urban environment for the rural one. The […]
The publicly-traded Romanian shipbuilder Orşova Shipyard, BVB ticker symbol SNO, partially owned by Longshield Investment, recently secured two significant contracts with Rensen-Driessen Shipbuilding B.V. from the Netherlands. As per the contracts, the Romanian shipyard will construct and deliver two river vessels with a combined value of EUR 8.58 million. The delivery dates are set for […]
From ancient customs, old beliefs, and folk magic, Romania has come a long way in defining cultural beliefs. Today, many are fascinated by the old beliefs and find inspiration in their heritage and cultural roots. But how does spirituality look in modern Romania and how did it develop through the ages? The Roots of Traditional […]
The Romanian Ministry of Foreign Affairs has established a logistical support center in Valencia, eastern Spain, to assist Romanian citizens affected by the severe flooding caused by Cyclone DANA. The new center, located at Plaza del Alfonso el Magnánimo in Valencia, is staffed by officials from the Romanian Embassy in Madrid and Consulates in Madrid […]
Romanian president Klaus Iohannis promulgated on Tuesday, November 5, the law that allows the local referendum of Bucharest to be held on the same day as the first round of the presidential elections,
The European Film Academy revealed the nominees for the main categories of the European Film Awards 2024, and Anul Nou Care N-a Fost/The New Year That Never Came, the first fiction feature written and directed by Bogdan Mureşanu, is on the list. The Romanian production is one of the six running in the European Discovery 2024 – […]
