‘#Selfie69,’ the sequel of Romanian film director Cristina Iacob’s ‘#Selfie,’ a novel comedy, will hit the silver screens for the first time in May. Cristina Iacob, Maria Spirache and Tudor Potra sign the screenplay and the cast includes both consecrated and young actors. After Cristina Iacob’s ‘#Selfie,’ the Romanian film with the biggest Box Office […]
The volume of new local currency loans extended by Romanian banks (including refinancing loans) increased by 48.0% y/y to RON29.6bn (some EUR 6bn) in Q1, according to data published by the National Bank of Romania. Most of it was retail lending. The new loans extended to households (retail lending) surged by 83.5% y/y to RON20.8bn, and […]
The European Bank for Reconstruction and Development (EBRD) announced that, besides debt recovery specialist APS, it is taking over a portfolio of "around 2,000 sub-performing and non-performing loans" with a nominal value of some EUR 400mn in Romania, sold by Piraeus Bank. The EBRD's participation in the deal is 30%. The EBRD says that the […]
The Economic Sentiment Indicator (ESI) calculated by Eurostat for Romania (105.1) reached the highest value in 12 months in April. This means that the managers and consumers expressed, to a larger extent, more positive views or expectations compared to the long-term average. "Based...
Romania’s gross general government debt reached RON841.3bn (EUR169.3bn) at the end of February after increasing by RON57.8bn (EUR11.6bn) in the first two months of the year, according to data published by the Ministry of Finance. The debt-to-GDP ratio, calculated under EU methodology*, reached 52.4% at the end of February, from 48.8% at the...
The average monthly real yield of the mandatory private funds (Pillar 2) in Romania improved to a positive 1.9% in March, reversing the 0.5% and 0.4% negative real performances in February and January (when the inflation rates were higher), according to our calculations based on data published by the Financial Supervisory Authority (ASF). The...
Romania's president Klaus Iohannis will be received on May 7 at the White House by Joe Biden, the Presidential Administration announced. President Iohannis will pay an official visit to the US between May 7 and May 8. During the same visit to the US, the Atlantic Council will honor the Romanian president with the Distinguished […]
