About 63% of people who want to apply for mortgages choose houses completed after 2010 or in construction and 40% are working in a multinational company, according to an analysis made by online broker Ipotecare.ro and the financial consulting and mortgage credit SVN Credit Romania. According to a press release, most people who buy houses using martgages (about 42%), are woring in small companies or obtain incomes from alternate source, such as royalties, or dividends, while 18% are working in state owned companies or in the budget system. While most people want new houses, about 23% focus on houses completed between 1978 and 2010, while 11% of those who apply for mortgages choose a house finished before 1977. People who buy houses by means of mortgages are mostly born between 1980 and 1999, while people under 25 represent only 3.1% of buyers by means of morgages. At the same time, people over 45, born before 1980, represent 13% of buyers through mortgages and access financing with the highest values, the analysis shows. The average value of a mortgage granted in the first 8 months in Romania was about 62,000 euros, according to the Central Bank (BNR) statistics and data of the banking market, 98% being held by credits with fixed interest rates. Mortgages of 5.5 billion euros were granted in the first 8 months at national level, on the rise by 49%, compared to the same period of 2023, which also incldued refinancing, conversions, transfers and restructuring. The overall level of mortgages in payment went up at the end of August, to 21.6 billion euros, on the rise by 2.1% compared to the level recorded in August 2023. Mortgages recorded a rising level of 21.3 billion euros, 0.5% lower than the total level at the end of 2022, according to BNR data. Ipotecare.ro is an online credit broker, which uses many algorithms to generate the best financing option for each specific situation. SVN Romania/Credit and Financial Solutions is one of the most important mortgage credits in Romania, with a volume of credits in 2023 of 91 million euros.
Estonian cinema will take center stage at the 24th edition of the Transilvania International Film Festival (TIFF) in the Focus Estonia program, presenting a curated selection featuring both recent releases and rediscovered classics, screened in restored versions. Among the films to be screened is Moonika Siimets' The Black Hole (2024), a dark sci-fi comedy inspired […]
The ITH Group, which includes the portals Vola.ro, Fru.pl, and GoVola.com and operates in Romania, Poland, and Bulgaria, announced the direct integration of LOT Polish Airlines flights into its own platforms. The collaboration strengthens the group’s position as a regional leader in flight ticket distribution, according to its press release. This will be achieved through […]
In a ruling handed down on Tuesday, May 13, the Bucharest Court of Appeal rejected a request by US authorities for the extradition of a 17-year-old Romanian student. The youth is accused of sending hundreds of bomb threats and manipulating underage girls into engaging in acts of extreme violence, sexual exploitation, and self-harm. Aside from […]
Accor, a global leader in hospitality, has announced the expansion of its presence in Romania by signing a franchise agreement with Amazonia Aquapark SRL for Novotel Timișoara. The newly built hotel is scheduled to open by the end of 2027, marking the brand's first property outside Bucharest and becoming a flagship for Novotel in Eastern […]
A survey published on Wednesday, May 14, by the Open Minds Association shows that Romanians strongly support respect and mutual support in the workplace, signaling that the business environment can play a critical role in supporting social unity. According to the first data set from the “Diversity and Inclusion Barometer,” May 2025 edition, 81% of […]
Eight of the largest business organizations active in Romania have voiced their concern over the accelerating deterioration of the business climate and the erosion of Romania’s credibility. The call is signed by AmCham Romania – American Chamber of Commerce in Romania, AOAR – Association of Romanian Businessmen, AHK – Romanian-German Chamber of Commerce and Industry, […]
