Consumer Credit in RON in Romania Exceeds 10 Bln Euros

Consumer credits taken out by the Romanian population in RON went up to a level equivalent to 10.3 billion euros, a 36% increase on July last year, according to data from the NBR (National Bank of Romania), Ziarul Financiar reported.While overall there is a slowdown in the credit growth rate, consumer loans taken out by the population in RON jumped significantly in July. In fact, the 3.4% growth rate in July was the most accelerated rate this year, followed by the April rate, of 2.5%.The annualized growth was also above the one calculated in the previous month, but lower than in the first few months of the year. However, all the other categories of credit saw a slowdown. Data points to a slowdown in lending, and a significant slowdown is expected over the next few months.This is primarily due to the base effect, the volume of credits granted by banks is much higher than last year. From a 56% credit growth rate, I expect we will reach 40% by the end of the year, said Ionut Dumitru, head of Raiffeisen Bank's research department.Source: Profit.bg

Fourth BalPEx Exhibition Starts October 10

The fourth edition of BalPEx real estate exhibition will take place in Inter Expo Center in Sofia between October 10 – 12.More than 300 projects from different segments will be presented on an exhibition area of 4,000 square meters.More than 150 companies, among which leading Bulgarian and foreign construction and investment firms, property agencies, financial and credit organizations will be presenting their businesses to individual and corporate clients.The segment of home properties will dominate the presentations this year as well – with over 50% of exhibitors belonging to this sector. This year there will be more office, commercial and logistics centers projects.The following residential complex projects will be presented for the first time: Zelenica in Sofia, Residencia Botanica and Prestige in Sofia's Boyana neighborhood, Vista Park in the area of Kambanite, VIP Complex Pavlovo, St Anna and St Stefan complexes in Sofia and many others.Pravetz Golf and SPA Club will also be presented for the first time. The projects includes a gold course, a hotel and adjacent properties. European Trade Center Sofia will also make a debut during BalPEx.The event sponsors are RE/MAX, Bulgarian Properties, Home for You and Hercesa International. Source: Profit.bg