Romania's economy delivered a mild upside surprise in the third quarter, with flash estimates pointing to 1.6% annual growth, above expectations. However, the economy still contracted by 0.2% versus the previous quarter. After nine months of 2025, the economy is 0.8% above the same period of 2024, according to a report by ING Bank Romania.
The National Bank of Romania (NBR) has decided to keep its monetary policy rate unchanged at 6.50% per annum, following a meeting of its Board on October 8.
Business Bonus expands with exclusive offers from local partners, providing competitive prices for payments made with Mastercard Business cards issued in Romania.
The number of investors in investment funds also crossed the 700,000 threshold, an advance of more than 37% since mid-2023 and 8.6% since the first quarter of this year.
In 2023, SMARTEMP recorded consolidated revenues (including the financial results of BIA Human Capital Solutions) of RON 164.5 million, an increase of 10% compared to 2022.
Metropolitan Life, registered during the year 2023 gross written premiums amounting to RON 625.1 million, having an increase of 7.95% compared to the previous year.
Romania's real GDP growth is forecast to remain low over the next two years, primarily due to the necessary fiscal consolidation measures that will slow consumption.
CEC Bank continues to support entrepreneurs from rural and agricultural sectors by signing a new guarantee agreement with the Rural Credit Guarantee Fund (FGCR), which allows refinancing of AGRO and RURAL loans.
Family business revenues are projected to reach $29 trillion by 2030, reflecting an 84% increase compared to 2020, according to a Deloitte study. These businesses currently account for 19% of all business revenue globally and represent more than 18,000 entities worldwide.
Endava, the technology-driven business transformation group, and Paysafe, a payments platform, announced a multi-year strategic partnership to bring payments and community engagement solutions to market faster.