A quarter of the households in Romania had, in 2020 difficulties as regards the payment on time of some expenses, according to an info graph Monitorul Social, a project of Friedrich-Ebert-Stiftung Romania.‘Access to the EU led, in the first years, to the considerable increase of the share of households in Romania with difficulties in payment of the monthly expenses. The largest share of the households not managing monthly expenses was reached in 2014 (37.6%). Later, this share came back to the level before accession. However, the phenomenon is present in a worrying percentage: last year, in 2020, a quarter of the households stated they met difficulties of this type, according to the INS data’ shows the updated info graph about the situation of the households which could not make payment for some expenses on time.According to the quoted source, the rate between prices in Romania and those in the European Union is relatively constant.‘Although the prices are lower than in the EU, for a quarter of the households the income cannot cover the life standard and monthly consumption’ the info graphic says.If 100 is the level of the European average of this year, as regards the level of prices for consumption goods including indirect taxes, last year in Romania this level was 54.8 similar to 2013, while in 2019 the level of 55.2 and in 2018 – 55.7 the highest level since 2009 to the present.The source for the data used in the info graph is the data base Eurostat and the data base of the National Institute for Statistics, says the Foundation Friedrich-Ebert-Stiftung Romania.
Real estate developer STC Partners has finalized the acquisition of a plot of land in Pipera, on the northern edge of Bucharest, where it will develop the residential project Quartier Pipera. The plot has a surface area of over 1.6 hectares and will host more than 450 homes. Quartier Pipera will start construction in Q2 […]
Electroputere VFU Pașcani, part of the group of private railway companies Grampet, presented on June 19 the diesel multiple unit (DMU) named Leon. The train, designed and made by Electroputere VFU Paşcani, is the first DMU entirely made in Romania in the last 80 years, the company explained. The three-car DMU has 145 seats, including […]
The mountain biking trails on the Postăvarul Massif, in central Romania, will open earlier than initially estimated. First visitors can already use the trails this weekend. The opening comes after several weeks of intense work to remove dozens of fallen trees from the mountain biking trails and to arrange them. Starting Saturday, on weekends, the […]
Forvis Mazars, the international audit, tax and advisory services partnership, announced the launch of its International German-Romanian Desk, an initiative aimed at addressing the demand for integrated cross-border tax and legal support between Germany and Romania on Thursday, June 19. According to the company, the Desk combines a highly qualified German team of lawyers with […]
Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange, announced on Thursday, June 19, that the Romanian Financial Supervisory Authority has approved the base prospectus for a corporate bond program of up to EUR 30 million. The program allows Simtel to issue bonds in multiple tranches […]
Romania's efforts to stabilize its fiscal position and finalize a new ruling coalition have been delayed after president Nicușor Dan rejected a proposed VAT rate increase central to a budgetary corrective package agreed by the four pro-Western parties,
