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%.
Csaba Balint, a member of the Board of Directors of the National Bank of Romania (BNR), looks at how Romania’s economy has evolved over the last 160 years. This analysis shows that public perception does not always reflect the reality described by numbers and statistics. In recent years, the collective perception of economic conditions and […]
Russia recently denied being involved in elections in other countries, including those in Romania, according to Kremlin spokesman Dmitry Peskov. "The Russian side has not been involved in the electoral processes in Romania. In general, we do not have the habit of meddling in the elections of other countries, specifically those in Romania," Peskov said […]
Just days before the program announcement for the 27th edition of the George Enescu International Festival, which will take place in Bucharest from August 24 to September 21, 2025, the organizer, ARTEXIM, announced a special project - the George Enescu – Poema Română: Immersive Experience. The digital show will debut on Wednesday, December 4, at […]
President Klaus Iohannis awarded the National Order of the Star of Romania, in the rank of Grand Cross, to Kathleen Kavalec, the United States ambassador to Bucharest, on Friday, November 29. The decoration recognizes ambassador Kavalec’s exceptional contributions to strengthening the Strategic Partnership between Romania and the United States, the Presidential Administration
Romania's National Day will be marked by a host of events organized by the Romanian Cultural Institute (ICR) through its branches worldwide and in partnership with various cultural institutions. ICR London invites the public on November 30, to the LSO St Luke's Hall, where a concert performed by Teodora Brody and the London Symphony Orchestra, […]
Moldovan president Maia Sandu published a video encouraging Romanian citizens to vote in the upcoming parliamentary (December 1) and presidential (December 8) elections and to not believe “those who tell you that closer ties with the Kremlin bring peace and prosperity.” Sandu pointed out in the video that the fate of Romania and that of […]
