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.
“Garden of Memories,” a civic initiative meant to commemorate the 1989 Revolution that led to the fall of communism in Romania, is set to take place between December 19-20 around the Memorial of Rebirth, in Bucharest’s Revolution Square. Organized by the Streets for People Association, together with the Bucharest City Hall and the Museum of […]
Runware, a startup founded by two Romanian entrepreneurs, announced last week that it has secured a USD 50 million Series A funding round led by Dawn Capital, one of the largest European investors in B2B software companies. The round also included Comcast Ventures, Speedinvest, Insight Partners, and a16z Speedrun. The company founded by Flaviu Rădulescu and […]
The body of Romanian former justice minister Rodica Stănoiu was exhumed on Monday, December 15, after prosecutors opened an in rem case regarding her suspicious death, Digi24 reported. Investigators are looking into the possibility that the former minister may have been killed through negligence. ...
Authorities in Romania have begun imposing fines for owners of bicycles and electric scooters who do not take out mandatory motor third-party liability insurance (RCA). The new rules have been applicable since November 13, but the Romanian Parliament granted a 30-day grace period until the application of sanctions, according to...
Art Safari will relocate to Amzei Square in central Bucharest in 2026, where it will operate under a new format titled Art Safari New Museum, following more than a decade of pop-up exhibitions hosted in historic buildings across the capital. After 12 years, 17 editions, and more than 1 million visitors, the exhibition platform will […]
In Romania, Christmas is more than holiday markets, decorated trees, and wrapped gifts. It's a season filled with old customs, lively rituals, and dishes that bring families together. One of the most popular Christmas traditions is caroling. Although traditions vary depending on the area, the ritual of going from house to house and singing carols […]
