Lei depositors are penalized by low interest rates, which is a reason why BNR will have to increase interest rates further to prevent a migration to the euro, the so-called Euroization of the economy, Valentin Lazea, chief economist at the national Bank of Romania (BNR), said recently at a specialized conference. The BNR official said that the rate between loans and deposits is kept subunit both for the lei – 0.82 in April as well as for foreign currency – 0.51 in April. ‘In other words, there are fewer loans both in lei and in foreign currency than deposits in banks. What does it mean? It means that the banks have sufficient funds for lending, but they do not find enough possibilities to place them – and this is happening as almost 40% of the Romanian companies are non-bankable – a story which has been lasting for 30 years – nobody wants to deal with it. What is 40% of the non-bankable companies? It means lower capital than 200 lei or negative capital. Lending could exist, but first you need to exist the capitalization of the companies’ Lazea said.As regards lending, the first five months of 2022, despite the war in Ukraine, lending has increased in nominal terms, both the governmental one and the non-governmental. As regards the profitability of the banking system, the BNR head economist said that, after four months, namely between January – April, the cumulated profit is 2.9 million lei, being approximately similar to the previous year, when it was almost 8,2 billion lei, for the whole year.
Booking Holdings Romania, Servier Pharma, JYSK Romania, Schneider Electric, and Deichmann are the most appreciated companies by their own employees, according to Top Employers Undelucram.ro 2025. The list is based exclusively on feedback from employees rather than public image or marketing perception. The ranking made by Undelucram.ro, a leading online employee community in Romania, is […]
The Romanian Patriarchate announced the visiting schedule for the National Cathedral in Bucharest following the conclusion of an 11-day pilgrimage that drew hundreds of thousands of worshippers. Access for pilgrims to the Holy Altar is set to end at midnight on Wednesday, November 5, after continuous day-and-night visitation. According to the official announcement, the National […]
Prosecutors and police officers in Romania conducted 14 searches on Wednesday, November 5, in a case concerning fraud, forgery of official documents, computer forgery, and unauthorized practice of a profession or activity. Specifically, prosecutors say several doctors from the Republic of Moldova who already practice in Romania did not actually complete their residency. Although they […]
Romania has reached a purchasing power per capita of EUR 11,105, approximately 45% below the European average – a figure that places the country in 31st place in the European top, according to the "NIQ Purchasing Power Europe 2025" study. Compared to 2024, Romania moved up one position in the NIQ ranking. Comparatively, at a […]
Ionuț Costea, former head of EximBank, and Sebastian Vlădescu, former finance minister, were released on November 5 following an extraordinary prescription procedure, according to a statement from Romania's High Court of Cassation and Justice (ICCJ). The two had been sentenced in 2023 to six and seven years in prison, respectively, for taking a EUR 5.5 […]
Prime minister Ilie Bolojan, who also serves as president of the Liberal Party (PNL), stated on November 4 that, at the meeting of the party's National Political Bureau the same day, support was renewed for resolving the issue related to special (magistrates') pensions this month, but also for the reform in public administration, according to
