The Bucharest-Ilfov region is the most developed of Romania, with a Gross Domestic Product on inhabitant worth 131 pct of the European average, which means that Bucharest is above other European capital cities, such as Athens (98 pct), Madrid (128 pct), Berlin (113 pct) or Budapest (108 pct), an analysis sent by Friedrich-Ebert-Stiftung Romania says on Wednesday. The rest of Romania records a GDP/inhabitant of only 54 pct of the European average, and some regions less than this, namely the North-East (34 pct) or South (41 pct). The Social Monitor, a project by Friedrich-Ebert-Stiftung Romania has launched on Wednesday a new infographic displaying where Romania lays as compared to other states as regards the difference of development and incomes between Bucharest and the rest of the country. "The over-centralization of economy in the country's capital city is a particularity of Central and Eastern Europe, notwithstanding no other state records such a huge difference of development between the capital city and the rest of the country. In 2012, the average household income in Bucharest was worth 6,300 euro, while in the South and South-East regions it barely reached 2,700 euro, and in North-East 2,300 euro (data for 2012)," reads the Friedrich-Ebert-Stiftung Romania release. From the point of view of the education of the population aged 30-34 years, Bucharest is close to the average of the other canvassed capitals. According to the source, the percentage of the people aged 30-34 with higher education and of the unemployed, in school or in vocational training (NEET) places the city of Bucharest in a more difficult situation than Athens or Madrid, capital cities of some states that are confronted with high unemployment problems.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
