The 3 months ROBOR index , according to which the cost of consumer credits in lei with variable interest rate is calculated, went up to 4.70% per year on Thursday, from 4.68% per year the previous day, according to data released by the National Bank of Romania (BNR). A higher index level was recorded in 2013 – 4.74% per year. At the beginning of 2020, ROBOR index for 3 months was 3.19% per year, and at the beginning of 2021 it was 1.98%. The 6 months index, used to calculate interest rates for mortgages in lei with variable interest rate went up to 4.80% per year, from 4.78% on Wednesday, while ROBOR for 12 months climbed to 4.86% per year, from 4.83% per year. The BNR Administration Board decided two days before to increase the monetary policy interest rate to 3%per year, from 2.5% per year, as of April 6, 2022, and maintain strict control of cash flow in the monetary market. The reference index for consumer credits is 1.86% per year, being calculated as average of daily interest rates of interbank transactions in quarter 4, 2021, on the rise compared to the one published 3 months before of 1.17%. In May 2019, government order 19/2019 came into force to modify the way in which interest rates are calculated for credits with variable interest rates in lei. The order established the reference index for consumer credits calculated on a quarterly basis based on interbanking transactions.
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
