In 2020, household consumption expenditure in the EU decreased by an unprecedented 8% compared with 2019, the largest annual reduction recorded since the time series started and it is due to the effects of the COVID-19 pandemic, the European Commission Statistics Office (Eurostat) reported on Monday.Social distancing measures, government restrictions imposed on the movement of people and non-essential economic activities severely affected household consumption expenditure.All the EU Member States recorded a decrease in household consumption expenditure. Data for Romania, Greece, Germany, Belgium, France, Croatia, Cyprus, Hungary, the Netherlands and Portugal are provisional, Eurostat said.When comparing 2019 with 2020, the largest decrease was recorded in Malta (around -22%), followed by Croatia, Spain and Greece (all around -16%). On the other hand, the smallest decreases were recorded in Slovakia and Denmark (both around -2%), followed by Lithuania and Poland (both around -3%), Sweden (minus 3.8%), and Romania (minus 4.3%).According to Eurostat, the largest decreases in household consumption expenditure were observed for 'Restaurants and hotels' (-38% compared with 2019), 'Clothing and footwear,' 'Transport' and 'Recreation and culture' (all -17%). On the other hand, the largest increases were recorded for 'Food and non-alcoholic beverages' (+3%) and 'Communications' (+2%).In 2020, over a quarter (26%) of household consumption expenditure was devoted to 'Housing, water, electricity, gas and other fuels,' making it the EU's largest household expenditure item, ahead of 'Food and non-alcoholic beverages' (15%) and 'Transport' (12%).
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
