The consumer credit reference index (IRCC), regulated by Emergency Ordinance (OUG) 19/2019, stands at 5.90% per annum, down from the one released three months ago, of 5.97% per annum, according to data published Friday by the National Bank of Romania (BNR).The index is calculated as the arithmetic average of daily interest rates on interbank transactions in the fourth quarter of 2023.According to OUG 19/2019, for loans granted in national currency, the interest rate will be composed of a reference index calculated exclusively on the basis of interbank transactions at a given period, to which the lender may add a certain fixed margin throughout the contract period. The reference index for loans granted in RON with variable interest is published every working day on the website of the National Bank of Romania.The IRCC is calculated at the end of each quarter, as the arithmetic average of the daily interest rates determined for the previous quarter, to be applied by each credit institution for the following quarter.
Writer Liliana Corobca, author of prose, essays, and plays, will represent Romania at the seventh edition of the European Literature Night, which will take place on Thursday, October 23, at the Ukrainian Institute of America in New York. According to a press release from ICR New York, the event, which brings together some of the […]
Almost one-third of global greenhouse gas emissions come from agri-food systems Auchan Romania brought together over 100 food producers and suppliers for the second edition of the Climate Supplier Event, a conference dedicated to accelerating decarbonization and strengthening resilience and competitiveness within the food supply chain in the face of climate change. Organized under the […]
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office properties, recorded total sales and pre-sales of EUR 137.7 million in the first nine months of 2025, corresponding to 42,634 sqm of residential and commercial spaces. These results reflect the sale and pre-sale of 467 apartments and commercial...
YOXO announces the launch of reconditionate.yoxo.ro, an online store dedicated to refurbished phones and gadgets, developed in partnership with Recommerce®, a European expert in the field. The new platform provides customers across Romania with access to certified, refurbished phones that meet European quality standards. YOXO thus combines accessibility, performance and environmental responsibility –...
Save the Children Romania inaugurated the Antibullying Resource Center on Wednesday, October 22, meant to be a hub of resources dedicated to children, teachers, and parents to understand, prevent, and respond appropriately to bullying situations and to improve the school climate. The need for the center is dire. Around 90% of teachers and school counselors […]
Award-winning director Radu Jude’s latest film, Dracula, will premiere in Romanian cinemas on October 31, distributed by Independența Film. Following its world premiere at the Locarno Film Festival and screenings at major international festivals including New York, Chicago, Vienna, Sitges, and Warsaw, the film arrives in Romania just in time for Halloween. Early screenings will […]
