Less than 10 pc of Romanians use internet banking, well below the EU average


Around half (51 percent) of adult Europeans use internet banking. This share is constantly increasing and has doubled since 2007, when it stood at 25 percent, Eurostat data reveals. However, the situation is not as good in Romania where only ...

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Romania’s FDI, up by 20 pc in January-November period 2017

jobs created by FDI

Non-residents’ direct investment (FDI) in Romania totalled EUR 4,377 million (compared with EUR 3,651 million in January – November 2016), National Bank of Romania (BNR) shows in a press release on Monday. Of FDI’s total value, the equity (including estimated ...

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BNR: Current account deficit increased by almost 93 pc in the first 11 months of 2017. External debt, up by EUR 1.48 bn


In January – November 2017, the balance-of-payments current account posted a deficit of EUR 5,581 million, compared with EUR 2,896 million the same period of 2016, National Bank of Romania (BNR) announces in a press release on Monday. The deficit on trade ...

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EBRD: EUR 2.2 M assistance to support the consolidation of Romania’s water services

photo source: ebrd.com

The European Bank for Reconstruction and Development (EBRD) will provide a EUR 2.2 million technical assistance to support Romania in further developing and consolidating the water and waste water services in the country over a period of two years, according to ...

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3-month ROBOR Index down below 2pc

robor-index 2

The 3-month ROBOR Index, the average interest rate on which Romanian banks borrow from each other, has reached on Thursday the level of 1.98%, the National Bank of Romania (BNR) informs. It is the lowest level since November 14, 2017 ...

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Update – BNR increases monetary policy rate to 2pc. Governor Isarescu: This does not mean ROBOR Index will grow further

economic activity

In its meeting of Monday January 8, 2018, the Board of the National Bank of Romania (BNR) has decided to increase the monetary policy rate to 2.00 percent per annum, up from 1.75 percent per annum as of 9 January ...

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Upgrading process within BCR network. 28 branches become cashless units


As of this January, BCR, Romania’s top lender, turns 28 branches across the country into cashless units that will operate electronically without cashier, a press release informs. The financial institution will invest about EUR 50 million by 2020 in cash ...

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Israel’s Bank Leumi to sell the Romanian subsidiary to Argo Capital

Bank Leumi

Bank Leumi, Israel’s second-largest bank, said on Wednesday its board signed an agreement in principle to sell its 99.91 percent stake in Bank Leumi Romania SA to British investment firm Argo Capital Management Ltd. Leumi said its decision to sell ...

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Central bank’s reserves, up by 1.3 pc in December 2017

exchange reserves

National Bank of Romania (BNR)’s foreign exchange reserves stood at EUR 33,494 million on end-December 2017, compared to EUR 33,062 million on November 30, 2017 and EUR 34,242 million on end-December 2016, a press release informs. EUR 2,424 million worth ...

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National currency depreciates against euro, ends 2017 with a record low

national currency

Romanian Leu hit the weakest value on Friday compared to the euro, the exchange rate announced by the National Bank of Romania (BNR) was RON 4.6597/EUR, up by 0.90 bani (0.19 percent) compared to the value of the previous session, ...

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