After a short absence, we are back in full force with absolutely sensational news. Romanians are doing well, they are prosperous, they don’t worry about tomorrow, they have financial security, which allows them to put money in their socks, blankets, or the bank, in the form of savings. Isn’t it true that with the arrival of spring, the Romanian prosperity is felt more and more strongly in the air?

Romans Prepare for Hardship

On the street, there are only well-dressed people, with new and clean clothes; the pungent smell of sweat has completely disappeared from trams and buses, being replaced by that of lavender. Even in stores, a radical change can be observed: people do not look at product labels, do not compare prices, and no longer buy the cheapest, but put in their basket what they like, regardless of paying a few lei extra. What else matters? We only have one life.

Moreover, rumors have started circulating that they are not afraid of a possible increase in the price of gasoline up to 7 lei for a single liter. The truth is that we have nowhere to go, a nd it would not be nice to complain. In addition, we have a choice. If we do not want to pay 7 lei for a liter of gasoline, we can always take a few tens of thousands of euros from our savings accounts for an electric car. Good thing we have somewhere to go!

Romans and the Safety Net

Although banks have started to encourage lending, now, at the beginning of 2011, Romanians are not giving up and continue to save, achieving a 1.6% increase in February, which leads to a total of 65.8 billion lei, according to data published by the National Bank of Romania.

While the population is “sitting on money”, companies are not doing so well, facing serious cash-flow problems. Recently, they have been consuming deposits, which led to a 4.2% decrease in lei deposits and a 3.4% decrease in foreign currency deposits.