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%.
Coca-Cola celebrated 30 years of production at its Timișoara plant, in western Romania, by announcing a RON 5 million (roughly EUR 1 million) investment in a solar park, the company’s first renewable energy facility in Romania. The new solar installation will cover about 20% of the factory’s electricity needs and cut carbon dioxide emissions by […]
Solar Open Day brought the public closer to a new photovoltaic park. On September 17, the Romanian Photovoltaic Industry Association (RPIA) organized in Călugăreni, Giurgiu County, the third edition of the event, which has already become a landmark for the solar energy industry. This year’s host was PPC Renewables Romania, which opened the doors of […]
Grivița 53, the first private theatre built in Romania in roughly 80 years, was unveiled in Bucharest after nearly a decade of construction and fundraising efforts that brought together more than 14,000 supporters. The project, valued at about EUR 4.5 million so far, was launched in 2016 by director and writer Chris Simion-Mercurian and Tiberiu […]
An injured 24-year-old French tourist was rescued after falling in the Valea Căldărilor area of Romania’s Bucegi Mountains on Friday morning, September 19. The young man was recovered by mountain rescuers after an operation that lasted more than six hours. According to the data communicated by Salvamont Prahova, he was part of a group of […]
Vodafone Romania and Digi Romania announced the signing of the relevant legal documents for acquiring Telekom Romania Mobile Communications from the OTE group and Deutsche Telekom on Friday, September 19. The two telco operators will split Telekom assets between them. As part of the deal, Vodafone spent EUR 30 million, while Digi paid EUR 40 […]
Sebastian Burduja, adviser to prime minister Ilie Bolojan and former minister of energy, warned of the security impact of the sale of major dairy Napolact to a group owned by a businessman close to the Hungarian prime minister Viktor Orban, according to
