Romania’s financial intermediation is the lowest in the European Union, but the banks’ financial soundness and profitability are above respective averages; therefore, the banks can boost corporate lending, argued Florin Georgescu, first vice-governor of the National Bank of Romania (BNR).
He explained that the banks can manage potential adverse external developments and have enough capital and liquidity resources to continue lending to the real economy.
"There is room...
The bike-sharing system I’Velo by Green Revolution launched in Timișoara, western Romania, this week, increasing its nationwide footprint to a total of six cities. The residents of Timișoara can use the service free of charge. I’Velo Timișoara offers over 160 bicycles in 9 stations located in key areas across the city, namely Constantin Diaconovici Loga […]
Pizzeria Zano in Iași, eastern Romania, ranks 49th in Europe according to the 50 Top Pizza 2024 guide. The awarding ceremony was held in Madrid on May 13. 50 Top Pizza, considered by people in the industry to be the most important worldwide evaluation authority in the world of pizza, makes rankings with pizzerias and […]
Romania’s Chamber of Deputies has adopted a bill that stipulates that drivers caught drunk or under the influence of drugs will lose their driving licenses for 10 years. The legislation received 256 votes in favor. The bill aims to improve the legal framework for preventing and combating illicit drug trafficking and consumption and other substances likely […]
Romania’s minister of investments and European projects, Adrian Câciu, recently revealed that the Cluj-Napoca subway project is the most delayed one on the list of objectives funded by the National Recovery and Resilience Plan (PNRR). Câciu compared the issues facing the subway project with another similar one, the M6 line in Bucharest connecting the city […]
The IT&C field is the most attractive for Romanian high school students when it comes to their future jobs, followed by social media content creation, and marketing, advertising and journalism, according to a recent study conducted by Cult Market Research for ING Hubs Romania. The same research found that most high schoolers see themselves as […]
Key information Q1 2024 vs. Q1 2023: Best Q1 in Sphera's history in terms of sales, EBITDA and net profit Consolidated sales continue to grow at strong pace, up 9.2% Significant improvement of net profit, up 192%, to RON 21.4 million Double-digit increase in EBITDA (+69%) to RON 39.8 million Comfortable profitability, with...
