People living in cities will allocate an average budget of 310 lei for gifts to be offered for St Nicholas day, while 90% of respondents announced they would purchase different products, according to a study made by Mednet Marketing Research Center. 93.2% of respondents from towns with less than 100,000 inhabitants announced they would purchase gifts, while in big towns only 87.7% will do it. Last year less than 80% of people from big cities expressed their intention to buy gifts for St Nicholas day. The gifts will be diversified but sweets will dominate, over 80% of townspeople saying they intended to buy them for their loved ones. Toys are in the top of preferences, next to clothes/footwear, cosmetics/ perfumes and fruit. Over 12% of townspeople intend to offer smart phones or tablets. The study was made on a representative sample of 800 persons at urban level (small towns under 30,000 inhabitants, medium size towns 30,000-100,000 inhabitants, large towns over 100,000 inhabitants) over November 26-December 2, 2015. The margin of error is +/- 3.46%.
Romania’s president Nicuşor Dan signed 96 decrees approving the retirement of magistrates on August 1, with most leaving the judiciary immediately and the remainder scheduled to retire on September 1, Cursdeguvernare.ro reported. Among those stepping down is Corina Corbu, President of the High Court of Cassation and Justice (ICCJ). The wave of retirements...
The number of new cars registered in Romania dropped by 16.4% y/y to 80,718 in January-July despite a 25.3% y/y rise to 16,362 units in July, according to data published by the Romanian Car Manufacturing Association ACAROM. The lack of state grants for new car purchase, promised by the Ministry of Environment for December, certainly contributed […]
Raiffeisen Bank has cut its projection for Romania’s economic growth in 2025 to 0.7%, citing the impact of a challenging global trading environment and slowing international demand, the Austrian lender said in its semi-annual report. The bank now expects Romania’s gross domestic product (GDP) to grow by 1.3% in 2026,
The system of pensions paid to military personnel should be changed gradually until 2035 to avoid losing personnel, minister of defence Ionuț Moșteanu said in a Digi24 interview, implying that the European Commission...
Romanian finance minister Alexandru Nazare, in an interview given to Digi24, said that the payment of pensions and wages in the budgetary sector depends on the budget amendment that must earmark supplementary funds to these categories, Cursdeguvernare.ro reported. Romania...
The Romania Manufacturing PMI index, calculated and published by BCR Erste Group, deteriorated to 48.4 in July from 48.7 in June as all the components but the inventory (stocks of purchases) made a weaker contribution in the month. Demand (new orders) component returned to its 1-point negative contribution seen a year ago, after the deep […]
