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BNR: Bank deposits for companies and population go up slightly in June, by only 0.5%

Monday, July 26, 2021

  The deposits of non-government clients have gone up in June 2021 by 0.5% as opposed to May, to up to 438.084 billion RON, and by 14.7% (10.3% in real terms) when comparing with the similar period of last year, according to a press release sent by the National Bank of Romania (BNR) on Friday.Resident deposits in RON, with a share of 65% of the total non-government deposits, has gone up by 0.4% as opposed to May 2021, to 284.807 billion RON and ...

Non-governmental loan up 1.4pct in June 2021

Monday, July 26, 2021

 At end-June 2021, loans to non-government sector granted by credit institutions increased 1.4 percent (1.1 percent in real terms) from May 2021 to RON 300,321.7 million, according to data published on Friday by the National Bank of Romania (BNR).RON-denominated loans, representing 71.1 percent of total volume of loans to non-government sector, moved up 2.1 percent, whilst foreign currency-denominated loans, representing 28.9 percent of total loans to ...

BNR Report : Low discipline for payments, reduced level of financial brokerage and the demographic issue, vulnerabilities of the economy

Monday, July 26, 2021

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Low level of payment discipline in the economy, the reduced level of financial brokerage and the demographic issue are the main vulnerabilities at the address of financial stability in Romania, shows ‘ The report on financial stability’ published by the National Bank of Romania.According to the central bank, the structural vulnerability which characterised the sector of non-financial companies in Romania over the last twenty years, with ...

BNR Report: The net wealth of the population has reached an all-time high in 2020

Monday, July 26, 2021

The net wealth of Romanians stood at the end of 2020 at an all-time high, increasing by 6.1% compared to the previous year, according to the Financial Stability Report released by Romania’s central bank – BNR on Thursday. Three quarters of the wealth consists of houses and apartments (real estate assets) and only a quarter of the wealth is represented by financial assets. This is largely due to legislation that encourages the holding of real estate assets ...

EUCham Report: Covid-19 crisis: Economic recovery packages compared

Monday, July 26, 2021

* How do European countries differ in terms of government support during the “economic” pandemic?   Time marches on, and it has been a year since the global economy found itself in a worrying situation with an economic pandemic. Many businesses have been forced to close, some permanently, putting workers out of work. The COVID-19 outbreak is not only a health ...

Avangarde Survey: Weak interest for LGBT topic in Romania

Monday, July 26, 2021

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Romanians believe the LGBT community should not be given more rights (57%). Still, they don’t “have a problem” with the community (50%) and don’t believe that the Church should have a stronger voice regarding the decisions authorities must take (58%), according to a poll conducted by Avantgarde at the request of ...

ForMin Bogdan Aurescu starts today an official visit to Chisinau

Friday, July 23, 2021

  Foreign Affairs Minister Bogdan Aurescu is paying this Friday an official visit to Chisinau where he will meet with Moldovan President Maia Sandu; on this occasion, the Romanian top diplomat will reaffirm Romania's staunch support for the comprehensive reform program initiated by the Moldovan head of state, the Foreign Ministry said in a release.Minister Aurescu will also participate in the ceremony for the donation by Romania ...

US Department of State - 2021 Investment Climate Statements: Romania

Friday, July 23, 2021

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* The Investment Climate Statements provide country-specific information on the business climates of more than 170 countries and economies in order to help U.S. companies make more informed business decisions and engage in foreign markets on a more level playing field.     Romania welcomes all forms of foreign investment. The government provides national treatment for ...

Patriarch Daniel, decorated by President Iohannis with the collar of the National Order of Star of Romania

Friday, July 23, 2021

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The Patriarch of the Romanian Orthodox Church, Daniel, was decorated, on Thursday, by President Klaus Iohannis with the Grand Star with Collar of the National Order of the Star of Romania in a ceremony that took place at Cotroceni Palace.The President granted the distinction to Patriarch Daniel as a sign of "high appreciation for the exceptional contribution in guiding the pastoral, missionary, cultural and philanthropic activity of the Romanian Orthodox ...

Romanian ambassadors to Republic of Korea, Republic of Burundi, accredited by President Iohannis

Friday, July 23, 2021

 President Klaus Iohannis on Thursday signed the decrees on the accreditation of the Romanian ambassadors to th Republic of Korea, Republic of Burundi.According to the Presidential Administration, Cezar-Manole Armeanu was accredited as extraordinary and plenipotentiary ambassador of Romania to the Republic of Korea, residing in Seoul, and Dragos Viorel Radu Tigau, ambassador to the Republic of Kenya, in his capacity as extraordinary and plenipotentiary ...

Updated list of high epidemiological risk countries: UK, The Netherlands, Spain, Portugal - in red zone

Friday, July 23, 2021

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On Thursday, the National Committee for Emergency Situations (CNSU) updated the list of countries/territories depending on the cumulative incidence rate of COVID cases, in order to establish the need for a quarantine measure being enforced on the persons arriving to Romania from these countries, with UK, The Netherlands, Cyprus, Spain, Portugal being in the red zone.According to the appendix to the CNSU Decision no. 48, the following countries are in the red ...

PM Citu, at the "Grand Matinal Digital"event

Friday, July 23, 2021

 The speed by which Romania will make the transition to a green economy will be different from that of other EU countries, and the support of European partners will have to be higher for our country, said Prime Minister Florin Citu."We have several goals at the moment. On the one hand, we want to create a competitive economy and, on the other hand, we committed together with our partners in the European Union to move towards a green economy, to be not ...

PM Citu: We are preparing a development plan throughout 2028 to move to an economy with best-paying jobs

Friday, July 23, 2021

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Prime Minister Florin Citu said on Thursday that the current government is preparing a development plan for Romania throughout 2028 to move the country to a model of economic development with best-paying jobs, for investment that brings high added value.The prime minister participated in the Grand Digital Matinee event organised online by the French Chamber of Commerce, Industry and Agriculture in Romania."This government is about reform and ...

Minister Ghinea: 1.9 billion euro will enter country from PNRR this year

Friday, July 23, 2021

The Minister of European Investments and Projects, Cristian Ghinea, claims that 1.9 billion euro of the National Plan for Recovery and Resilience (PNRR) will enter the country this year, in October-November, and payments for projects "will start immediately.""PSD [Social Democrat Party] is babbling again about the PNRR. 1.9 billion euro will enter country from the PNRR this year. The pre-financing of 1.9 billion will enter the country immediately after ...

BNR report: Population net wealth reaches historic height in 2020

Friday, July 23, 2021

The population's net wealth is placed at a historic height, registering a growth of 6% in 2020 as opposed to 2019, and real estate assets continue to have a majority weight (75%), according to the "Report on financial stability" published by the National Bank of Romania (BNR)."The resistance of the population sector to shocks has improved considerably, when comparing with the situation prior to the previous crisis. The population's capacity of facing some ...

UBB study: Romania, first in EU in terms of back-to-normal index of after pandemic

Friday, July 23, 2021

Romania ranks first in the European Union and among top 10 in the world in terms of the back-to-normal index after the COVID-19 pandemic, according to study conducted d by a team of six scientists of the Faculty of Economics and Business Management (FSEGA) of the Babes-Bolyai University (UBB) of Cluj-Napoca.According to the press statement released on Thursday by UBB, the latest published data show that Romania reached, in July, 500 days after the first case ...

Stradivarius International Tour: 13 concerts in cathedrals and unconvential spaces, between July 25 and August 11

Friday, July 23, 2021

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The Stradivarius International Concert, the XIVth edition, will present, in a series of 13 concerts, in cathedrals and innovative spaces in Romania, between the period of July 25 - August 11, the 9th Symphony "Ode to Joy", composed by Ludwig van Beethoven, in a transcription for violin and piano by Hans Sitt.According to a press release sent ...

SoNoRo Musikland Festival, between July 30 and August 8

Friday, July 23, 2021

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The third edition of the SoNoRo Musikland Festival will take place in the July 30 - August 8 period, in some of the most beautiful villages and towns in Transylvania: Brasov, Cris, Feldioara, Sighisoara, Prod, Mesendorf, Viscri and Magura."If the first edition of SoNoRo Musikland was concentrated only in the area of the Saxon fortified churches, the second edition has extended and included jam session type concerts in houses that have entered the tourist ...

The Haferland week, between 30th July and 1st August 

Friday, July 23, 2021

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The Haferland week, at the nineth edition, dedicated to the Saxon culture and traditions in Transylvania will take place physically and online between 30 th July and 1st August on the premises or close to the fortified churches in Archita, Bunesti, Viscri, Saschiz, Homorod, Rupea, Crit and Mesendorf.According to a press release of the organisers, Fundatia M&V Schmidt, the festival wants to be a coming back to the authentic values of the Saxons and a ...

Ceremony to close Afghanistan mission participation, in honor of Romanian servicemen participating in theater of operations

Thursday, July 22, 2021

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The conclusion of the Romanian Army mission in Afghanistan was marked, on Wednesday, through a military ceremony organized at the Triumphal Arch, during which detachments representing the structures that participated in this theater of operations paraded, and the area was overflown by a C 130 Hercules and a formation of three C-27J Spartan aircraft from the 90th Air Transport Base in Otopeni.Parading under the Triumphal Arch were detachments of ...

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