The value of agricultural production increased 0.6% in 2023 compared to the previous year, totaling 109.89 billion lei in current prices, according to final data the National Institute of Statistics (INS) published on Tuesday.Crop production in 2023 increased 2.1% to 66.26 billion lei in comparable prices, while livestock production fell 2.5% to 40.65 billion lei.According to the statistics, in 2023 as well, crop production held the largest share (60.3%) in the structure of the value of agricultural production, down 5.3 percentage points (pp) compared to the previous year.The value of crop production, in 2023 compared to 2022, increased in the development regions West (+15 pp), North-West (+10.7 pp), North-East (+9 pp), South-East (+5.2 pp), South-West Oltenia (+3.3 pp), Centre (+2.3 pp). Decreases were recorded in the development regions: South-Muntenia (-11.7 pp) and Bucharest-Ilfov (-5.4 pp).In 2023, compared to 2022, the value of livestock production increased in the Centre and West development regions (+1 pp), while in the other development regions the value of livestock production decreased between 22 pp and 3.1 pp.The value of agricultural services recorded increases in the development regions Centre (+41.3 pp), North-West (+30,6 pp), West (+18.7 pp), Bucharest-Ilfov (+13.5 pp), while in the other development regions it recorded decreases ranging from 22.2 pp to 1.6 pp.According to the statistics, crop production has the highest share in the agricultural production in all development regions of the country, with values ranging from 53.1% (Centre development region) to 69.3% (South-West Oltenia development region).The INS points out that the Bucharest-Ilfov development region is not included in the analysis, as it is insignificant in terms of its share in the value of agricultural production at national level.In 2023 compared to 2022, the structure of the value of production of the agricultural branch registered the main increases in the North-West, Centre, North-East (+1.1 pp) and West (+0.8 pp) development regions. The most important decreases were recorded in the development regions South-Muntenia (-3.4 pp) and South-East Oltenia (-0.5 pp).In the structure of crop production in the year 2023, the largest share belongs to the development regions: South-Muntenia (21.5%), South-East (16.5%) and North-East (14.8%), while in the structure of livestock production of the same year, the largest share is held by the development regions: North-East (20%), North-West and Centre (15.3%), South-Muntenia (14.8%) and South-East (12.6%).
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
