Nearly 700,000 Romanians have total overdue debts
The number of Romanians with debts more than 30 days overdue amounted to nearly 700,000 at the end of March this year, with total debts to financial institutions and non-bank financial institutions of some €2.3 billion – one-third higher than in the same period last year, Romania-Insider reported citing data provided by the country’s central bank. However, the total number of overdue debts continued to decline, reaching the minimum level of the last year, of 962,366, the business site wrote. According to the National Bank of Romania, the average value of an overdue debt was some €2,400 in March this year. The total debts in foreign currency represented one third of the population’s total payment delays. Over the past year, the fastest growth rate of 37% was recorded for loans in euro, reaching the value of some €920 million at the end of March this year.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
