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.
Romanian prime minister Marcel Ciolacu said on Monday, February 24, that a "lasting peace" in Ukraine cannot be achieved without the involvement of the United States, and argued that Romania does not have to choose between it and the European Union. The statements come as the Trump administration is currently negotiating a resolution to the […]
Romania's acting president, Ilie Bolojan, has invited leaders of parliamentary parties to consultations on Wednesday, February 26, to prepare the country's stance for the extraordinary European Council meeting on March 6 in Brussels. The summit, convened by European Council president Antonio Costa,...
Roughly 40 searches took place in the Port of Constanța and other locations on Monday, February 24, in an investigation by the Anti-Corruption Directorate, or DNA, targeting influential local businessmen, former customs officials in the port, and one of the leaders of the Constanța branch of the governing Social Democratic Party (PSD). The prosecutors’ accusations […]
The Bucharest Community Foundation has announced funding for two new projects aimed at enhancing climate resilience in the Romanian capital by implementing sustainable ecological solutions to improve urban infrastructure and environmental quality. The projects were selected through the sixth round of the Environmental Platform for Bucharest initiative. Out of 16 eligible proposals, the jury chose […]
One of the hostages released on Saturday, February 22, by the terrorist organization Hamas also holds Romanian citizenship. The exchange took place before another setback in negotiations and exchanges. Hostages Tal Shoham and Avera Mengistu were released during a staged event in Rafah, and hostages Eliya Cohen, Omer Shem Tov, and Omer Wenkert were released […]
Polish company Scallier, who is expanding its network of Funshop Park retail parks in Romania, is set to open a new shopping center in the Arad region. The opening date for the roughly 10,000 sqm retail park is March 6. The decision to build a retail park in the Arad region in western Romania was […]
