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BR Analysis. Loans become more expensive this year in Romania eroding purchasing power, profits

Romanian business environment and households are hit by surging borrowing costs as interest rates rose quickly during the first three months of this year, despite government’s measures aiming to cap borrowing costs, eroding the profits of companies and the purchasing power of indebted persons. Fresh central bank data suggest that government’s measures like “greed tax” had no effect on real interest ...

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