Last year, 16.1% of households were unable to pay on time some of their important current expenses (house maintenance, loan installments, utilities, etc.), according to an analysis of the living conditions of the Romanian population in 2023, conducted by the National Institute of Statistics (INS).The most frequent cases of overdue bill payments in 2023 were those for home maintenance (79.8%) and electricity (75%)."Paying bank installments is a priority for every household. However, 7.0% of households mentioned that, due to their precarious financial situation, they were overdue on various loans (other than loans for house purchase). The lower share of these outstanding debts is mainly explained by the specific nature of these types of payments, which penalize more severely the failure to meet payment deadlines, and by the low frequency of households having to repay loans," emphasizes the INS.In 2023, the share of households with outstanding debts fell by 2.4 percentage points compared to the previous year, and by residence by 2.1 percentage points in urban areas and by 2.9 percentage points in rural areas. In rural areas, 18.2% of households specified that, in 2023, there was at least one situation in which they were unable to pay on timeWhile members of urban households had past-due bills for household maintenance (85.9% of households), in rural areas the highest share of past-due bills was for electricity (84.3% of households).As in 2022, the phenomenon of past-due bills in 2023 was more prevalent among households with dependent children (17.8%), single parent households with at least one minor dependent child (21.2%) and households with two adults with 3 or more minor dependent children (32.9%).The statistical data were obtained through the "Quality of Life Survey", conducted in May 2023, informs the INS.
A two-hour documentary published by the investigative platform Recorder on December 9, revealing how a structure coordinated and controlled through alleged benefits and penalties by High Court president Lia Savonea captured the entire judicial system over the past year, developing institutional mechanisms to legally free high-profile politicians and businessmen, some of them already with a...
Radisson Blu Hotel, Bucharest opens 2026 with a relaxed New Year’s Day Brunch designed as a welcoming start to the year. Held between 12:30 and 16:30, the event brings together families, hotel guests and Bucharest residents for a generous festive buffet that blends traditional Romanian flavors with international dishes. Guests can enjoy a varied selection […]
North Bucharest Investments closed November with a transaction volume almost 15% higher compared to October, marking the most dynamic period of the past months for the company. According to the press release issued by the National Agency for Cadastre and Land Registration (ANCPI), “in November 2024, 58,415 properties were sold nationwide, 9,583 fewer than in […]
Romania achieved a new cultural milestone as UNESCO added the cobza, a traditional pear-shaped string instrument, to the Representative List of the Intangible Cultural Heritage of Humanity. The element, officially titled “Cobza, traditional knowledge, skills and music,” was jointly nominated by Romania and the Republic of Moldova. The decision, announced...
Plenty of Christmas markets and a designer gift fair are on this weekend for those looking for the right presents, while carol concerts liven the mood.
Serbian President Aleksandar Vucic held a phone conversation with his Romanian counterpart Nicusor Dan regarding all bilateral matters of importance to the two countries, Tanjug reported on Wednesday.In an Instagram post, Vucic wrote that the two countries share a centuries-old friendship, closeness and cooperation across all areas and expressed his conviction that there is […]
