The minister of finances, Adrian Caciu and the Romanian Association of Banks (ARB) discussed about the financing of the Romanian economy and about the protection of the citizens in the context of the conflict in Ukraine. The official stated that Romania would apply all the sanctions decided at European and international level and in collaboration with the institutions involved. The minister of finances, Mr. Adrian Caciu and the representatives of the Romanian Association of Banks discussed on Monday, 28th February about the measures for the financing of the Romanian economy and about protection of the citizens in the context generated both by the conflict in Ukraine and the inflationist boost caused by the increase in energy and fuel prices. ‘ Romania will apply all sanctions decided at European and international level and, in collaboration with the institutions involved, it will make sure they have immediate, firm and concrete effect. At the same time, all instruments for financing and capital must be insured so that the Romanian economy and the citizens be protected, and the development projects financed through European and national funds go on. This will be made in a partnership between the state, the economy, the citizens and the capital’ said Adrian Caciu,the minister of finances. The banking community expressed their avalability to support the financing of the economy, to identify some solutions in the support of the citizens with loans, but for the support through specific instruments for the projects the National Plan for Recovery and Resilience and the structural programmes. The two parts discussed about the necessity to identify mechanisms for financing through which the banking system support the development of the business environment. The banks supported the population and the companies through the pandemics, by offering financing at the most high rhythm since the previous financial crisis. The Romanian Association of Banks assured that the banking system is solid and resilient. ‘The objective of the banking community is the growth of the degree of financial brokerage toward the European average of 92% and the level of financial inclusion, from 67% to the European average of 95%’, stated Bogdan Neacsu, the chairman of the managing council of the Romanian Association of Banks. Key indicators such as solvency, provisioning coverage of non-performing loans and liquidity coverage have values that position the Romanian banking system in a high stability area. The minister of finances and the Romanian Association of Banks will continue the structured dialogue for the identification of the best measures depending on the evolution of the international situation generated by the conflict in Ukraine and the application of the decisions at European level in this context.
Faster declines in orders and output fail to dampen future outlook Reduced demand for inputs sees inflationary pressures cool... ...and supplier performance improve for the first time on record The Romanian manufacturing downturn deepened in March, as firms signalled a deterioration across all elements of the headline PMI. New orders and output decreased at faster […]
Digital services revenue is estimated to rise by 44%, expanding from 34% to nearly half (49%) of companies revenue by 2029, according to a report compiled from IDC surveys across Europe, Asia-Pacific region (APAC), and the Middle East demanded by Endava (NYSE ‘DAVA’), a leading technology services company combining world-class engineering, industry expertise, and a […]
On Monday, March 31, a detachment of the Romanian Air Force called "Carpathian Vipers" began executing an enhanced air policing mission in Lithuania. The mission will last four months, between April and July 2025. The "Carpathian Vipers" detachment, consisting of approximately 100 military personnel and four F-16 Fighting Falcon aircraft, will carry out missions alongside […]
On Tuesday, April 1, controversial brothers and influencers Andrew and Tristan Tate left for Dubai after meeting with DIICOT prosecutors. Before they departed, the brothers mentioned that they would return to Romania within the legal period of two months, in accordance with the obligations of judicial control. "On April 1, 2025, Andrew Tate and Tristan […]
Wizz Air has officially opened its base at Bucharest Băneasa Airport, the capital’s secondary one, which will be served by an Airbus A321neo aircraft. An additional aircraft will also operate from Bucharest’s Henri Coandă Airport (Otopeni) from August 1, bringing the total number of aircraft based in Bucharest to 21 this summer, the carrier said. […]
A blood donation event will take place on Friday, April 4, at the Bucharest City Hall. Participation will be allowed only after phone confirmation from the organizers. Blood donation at the event is not remunerated, but each donor has the right to receive the results of the tests performed. They also receive meal vouchers worth […]
