Romania has, currently, around 6.9 million hectares of forest fund, out of which 51pct are private property, data released by the National Forestry Inventory (IFN) at a Thursday conference reveals. According to IFN, there are 14 million hectares of farmland, the ratio of the categories of land being 1:2.1. The data indicate that there are around 830,000 forest and approximately four million owners of farmland, with a ratio of 1:5. The forest sector (forestry and wood processing) represents 2pct of GDP and that of agriculture and food industry represents 12pct. The IFN Inventory was conducted between 2008-2012; a new cycle of analysis debuted in 2013. "IFN was initiated in 2006, and its completion was stated in the Forest Code in 2008, in order to align to European standards. This inventory must be conducted, at a national level, every five years. The inventory must be conducted due to a need for precise and up-to-date information to serve as the basis for the forestry policy, forecasts, programs and strategies for the development of the forestry sector," Director for Policies and Strategies with the Environment Ministry Danut Iacob stated at the conference. The data were collected in the field by 21 teams assembled and trained for this purpose, each consisting of three people. IFN data shows that in cubic meters, the amount of wood is 2.22 million, with an average 321.9 cubic meters per hectare. The main species of trees are beech, representing 36.8pct, spruce - 23.8pct, holm - 10.1pct, hornbeam - 8.1pct and fir - 5pct.
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 […]
