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.
The Atlantic Council will honor Romanian president Klaus Iohannis with the Distinguished International Leadership Award for his remarkable career, exemplary leadership of Romania, and his transatlantic and European leadership role. The Atlantic Council’s Distinguished Leadership Awards are often referred to by media as “the Washington Oscars.” Among the honorees are a European head of state, […]
The colorful rapeseed fields in the southern part of Romania have been photographed by NASA from a satellite and featured in an accompanying article titled “Golden Fields in Romania.” The spectacular images were taken last month above the area where the Olt River intersects with the Danube. According to the article, NASA personnel were impressed […]
UiPath, an AI-based company founded by Romanian entrepreneurs and listed on the New York Stock Exchange in 2021, has recruited Raghu Malpani as Chief Technology Officer. Malpani, who was Corporate Vice President at Microsoft for the Microsoft 365 Application and Data Platform will report to the Director of Innovation and the Executive President of UiPath, […]
Production and new orders rise after nine straight months of decline Business confidence picks up, while hiring is back on the agenda Cost inflation eases and selling prices rise only fractionally An improvement in the health of the Romanian manufacturing sector was signalled for the first time in the survey's history, according to the latest […]
Raiffeisen Bank Romania continues its growth strategy in personal financial planning, up 50% in the first quarter of the year in the segment of investment plans, voluntary pensions and life insurance with a savings component. At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking […]
Road crews have begun snow removal on Romania’s spectacular mountain road known as Transfăgărășan. Since there is less snow than in other years, the road could be opened much earlier than the usual date of July 1, according to authorities. Transfăgărășan, Romania’s second-highest road after Transalpina, is being cleared of snow so it can be […]
