Three out of ten Romanians have credit cards, Finzoom concluded, based on a survey conducted online in Romania. In fact, due to the sample that apparently includes only part of those visiting Finzoom.ro website, the conclusion should be taken with a grain of salt since it is not relevant for the entire population of the country. A total of 30% of those who answered the Finzoom survey already have a credit card, 70% have at least one debit card, while 24% of respondents say they do not have a card. The ratio between credit card and debit cardholders (3:7) is more statistically relevant. It seems to be rather high, even if the sample of respondents is expected to feature a high degree of financial sophistication (since they visited Finzoom.ro). Asked what was the main motivation for contracting a credit card, most mentioned the need to have access to a reserve amount (32%). In the second place is the intention to make important purchases (such as appliances) with delayed payment. Regarding the characteristics of the credit card that Romanians consider the most important, the interest rate is only in 3rd place (18% of the respondents), the fees and commissions in 2nd place (22% of the respondents), and in the first place, it is the system of Interest-free instalments - nominated by 25% of respondents.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
