Banks in Central Eastern South-Eastern Europe report improving trends, with credit demand remaining robust, particularly from companies, while banks anticipate improvement in credit supply following a period of contraction.
BRD Group's net result amounted to RON 1.524 billion, compared to RON 1.656 billion in 2023. BRD's capital adequacy ratio on an individual level is 23%.
The average instalment for buying a one-bedroom apartment in Bucharest came to hold a percentage of about 40% of the average wage at a national level, down from 43% a year ago.
Refinancing a mortgage loan today by switching to a fixed interest rate can bring a 22.5% decrease in the monthly installment paid compared to the value registered a year ago.
Bulgaria, Croatia, Poland, and Romania could raise labour productivity by up to 10 to 15% through wider adoption of digital technologies, particularly software and AI-enabled tools, according to a report by World Bank Group.
World Class Romania, part of Vectr Holdings, has appointed Matei Filipidescu as CEO. He is replacing Kent Orrgren, who concluded his term as CEO after nine years.