One Romanian out of five was affected by poverty in 2023, and 21.1% of the resident population lived in a household whose income was lower than the threshold set at the level of 60% of the median available income per adult/equivalent, reveals the data published on Friday by the National Institute of Statistics (INS).According to the cited source, estimated on the basis of the total available income, excluding the value of consumption from the household's own resources, the relative poverty rate (AROP) decreased by only 0.1 percentage points last year.Practically, in absolute values, the number of impoverished people was 3.970 million, 59,000 less than in 2022.By gender, in 2023, the poverty rate was higher among men by 0.5 percentage points than among women (21.3% versus 20.8%). The highest incidence of poverty was found among people in the "0-17 years old" category (29.6%) and "18-24 years old" (24%).Also, the poverty rate of people living in households with dependent minors and young people aged 18-24 was 25.1%, in 2023, 9.1 percentage points higher than that of people living in households without minors and young dependents.Official statistics show that, during the past year, the rate of severe material and social deprivation was 19.8%, down 4.5 percentage points compared to 2022, and the total number of people affected by severe material and social deprivation it was 3.739 million, of which 44.9% were men and 55.1% were women.The INS data highlights the fact that severe material and social deprivation affects the population with different intensity depending on the age group and household income. Thus, in the year 2023, the incidence of severe material and social deprivation was higher mainly among elderly people aged 65 and over (23.7%) and among people aged up to 18 (22.6%).The highest rate of the risk of poverty or social exclusion was recorded in the South-East region (45.3%), closely followed by the South-West Oltenia region (40.5%), and the lowest rate was observed in the Bucharest-Ilfov region (12.3%).
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
