__2.png)
Ford drives hike in car production in Romania
17 hours ago
Financial intermediation in Romania is the lowest among the 11 EU members in Central and Eastern Europe (CEE), according to the 11CEE Corporate and Retail Lending Survey report published by eAnalytics.
The corporate loans to GDP ratio in Romania dropped by 4.6 percentage points (pp) over the past decade to 12.1% at the end of 2022, compared to the region’s 15.9% average.
Estonia (26.1%), Bulgaria (24.9%), Slovakia (21.2%) and Croatia (20.5%) all have ratios superior to 20%, while the largest economy in the region, Poland, features a financial intermediation ratio of 13.0%, not much higher than Romania’s.
Prime Minister Nicolae Ciuca met on April 4 with representatives of the Romanian Association of Banks (ARB) and stressed that there is a need for financial and banking instruments capable of complementing European funds for those who want to invest.
"Romanian entrepreneurs, farmers, the food industry and the energy system need funding to be able to develop. To achieve this [enhanced competitiveness], we need financial and banking instruments capable of complementing European funds for those who want to invest,” Ciuca said.
|
Corporate Loans to GDP ratios |
|
|
|||||||
|
€mn |
Dec-12 |
Dec-17 |
Dec-18 |
Dec-19 |
Dec-20 |
Dec-21 |
Dec-22 |
Y/y |
Versus 2012 |
|
POLAND |
16.3% |
17.0% |
16.8% |
16.1% |
14.8% |
13.7% |
13.0% |
-0.7% |
-3.3% |
|
HUNGARY |
24.1% |
16.3% |
17.0% |
17.1% |
18.9% |
18.3% |
17.4% |
-0.9% |
-6.7% |
|
CZECH R |
20.5% |
20.8% |
20.1% |
19.7% |
20.0% |
19.9% |
18.5% |
-1.4% |
-2.0% |
|
SLOVAKIA |
20.4% |
20.8% |
20.6% |
20.3% |
21.0% |
20.7% |
21.2% |
0.5% |
0.8% |
|
ROMANIA |
16.7% |
14.1% |
13.9% |
13.4% |
14.0% |
13.8% |
12.2% |
-1.6% |
-4.6% |
|
BULGARIA |
42.4% |
30.2% |
29.7% |
28.8% |
29.6% |
26.8% |
24.9% |
-1.9% |
-17.5% |
|
CROATIA |
28.8% |
22.3% |
21.5% |
20.1% |
22.7% |
19.6% |
20.5% |
0.8% |
-8.3% |
|
SLOVENIA |
48.0% |
43.3% |
30.8% |
23.1% |
21.4% |
17.8% |
15.8% |
-2.0% |
-32.2% |
|
ESTONIA |
34.6% |
29.9% |
28.5% |
26.6% |
28.1% |
26.7% |
26.1% |
-0.6% |
-8.4% |
|
LATVIA |
39.5% |
26.3% |
22.2% |
20.2% |
18.7% |
16.7% |
15.3% |
-1.4% |
-24.2% |
|
LITHUANIA |
23.5% |
19.6% |
18.9% |
17.5% |
15.0% |
15.5% |
15.4% |
-0.2% |
-8.1% |
|
TOTAL |
21.7% |
19.5% |
18.7% |
17.8% |
17.7% |
16.8% |
15.9% |
-0.9% |
-5.8% |
Related Content
Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
1 day ago
-
Russia’s $13.4bn current account surplus in March second highest since 2007
1 day ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
1 day ago
-
Czechia paid five times more for energy imports from Russia than it spent on aid to Ukraine
1 day ago
-
AI and cybersecurity to drive CEE tech sector
14 hours ago
-
Iran vs Israel: Who is better equipped for war?
5 days ago
-
Saudi Arabia to scale back plans for Neom city
8 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
5 days ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
6 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
19 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
23 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
28 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
21 days ago