Romania's adult financial inclusion rate has advanced to 71 percent from 68 percent two years ago, reveals the market survey "The Romanians' perception of the banking system: lending and the Romanians' financial inclusion", conducted by the Romanian Institute for Evaluation and Strategy (IRES) and commissioned by the Romanian Banks Association (ARB).According to the survey, approximately 77 percent of men use banking products and services, compared to just 66 percent of women. Also, 97 percent of the higher education population own at least current bank accounts.According to an ARB release, the share of Romanians with no current account is highest among people with low education, low incomes, or over 65 years of age, despite the basic current account being free of charge. By residence, 82 percent of the urban population owns banking products and services, compared to 60 percent of rural adults.Among the top reasons why people do not own a current account, 37 percent of the respondents mentioned too little income, 20 percent said they are paid in cash, 18 percent reported that all payments are made in cash, and 7 percent do not consider it useful. Approximately 70 percent of the respondents with bank accounts say they use debit cards. The credit card is used by 25 percent of the respondents to the survey.The survey was conducted between June and July 2024 at the commission of the Romanian Banks Association on a sample of 1,320 individual respondents, of whom 1,067 are users of banking products, and carries a maximum error margin of +/-2.75%.
The Supreme Council of National Defense (CSAT) has approved the acquisition of a new light corvette for the Romanian Naval Forces, part of the country's military modernization efforts. The decision was made during a meeting on Friday, March 28, at Cotroceni Palace, presided over by interim president Ilie Bolojan. The procurement process will be initiated […]
The National Audiovisual Council (CNA), which governs TV and media in Romania, has recently come under fire after it issued an order for the removal of a video in which a journalist states that the decision of the Central Electoral Bureau to eliminate pro-Russian Călin Georgescu from the presidential race is a coup d'état. The […]
A report from World Vision Romania draws attention to how exposure to toxic content on social media is increasingly affecting girls and young women. Due to insecurities about their bodies, six out of ten teenage girls have tried extreme or unhealthy diets at least once in their lives so as to lose or gain weight. Social […]
Famed Argentine-born pianist Martha Argerich was awarded the "Faithful Service Order in the rank of Grand Officer" by the Romanian Presidency, represented by Romanian Honorary Consul to Switzerland Ion Marin, during a special ceremony held on March 27 at Lugano. The ceremony was attended by Andreea Guțu, Chargé d’Affaires ad interim at the Romanian Embassy […]
A study conducted by CED Romania and Accenture, with the support of the European Accessibility Resource Centre AccessibleEU, shows that when meeting a person with disabilities for the first time, half of Romanians without disabilities want to help and be useful, but many more (66%) fear causing offense. The study also reveals major gaps between […]
A recently launched hop-on hop-off tourist bus service in Romania connects UNESCO heritage sites between Sibiu, Sighișoara, and Brașov in the famous region of Transylvania. Operated by Carpathian Travel Center in partnership with the Sibiu County Tourism Association, the UNESCO-Bus offers visitors the freedom to discover the breathtaking landscapes and medieval landmarks of the Transylvanian […]
