The total average monthly earning was 7,301 RON per household in the third quarter of 2023 and 2,918 RON per person, an increase of 5.7% per household and 5.3% per person, compared to the second quarter of 2023, according to the data of the National Institute of Statistics (INS) published on Wednesday.Compared to the third quarter of the previous year, the total average monthly earnings per household increased by 9.5%, and those per person by 9.6%.On the other hand, the total average monthly expenses of the population were, in the third quarter of 2023, of 6,432 RON per household (2,571 RON per person) and represented 88.1% of total earning, an increase of 463 RON per household compared to the second quarter of 2023. Compared to the third quarter of the previous year, the total average monthly expenses per household increased by 10.6%, and those per person by 10.7%.Average monthly earnings were, during the analyzed period, of 6,829 RON per household per month (2,729 RON per person), increasing by 6.3% compared to the second quarter of 2023, and earnings in kind of 472 RON per household per month (189 RON per person), down by 2.3% compared to the second quarter of 2023.
Foreign minister Oana Ţoiu announced on Monday, November 10, that the Romanian Senate adopted a bill criminalizing the violation and circumvention of international sanctions against Russia. According to the new law, those who help individuals and companies on the sanctions list will no longer get away with a simple fine but will be held criminally […]
Romania has the 21st most expensive electricity in the world, according to a statistic compiled by the International Energy Agency (IEA), which compares electricity prices for households in 144 countries. Romania’s electricity is 70 times more expensive than the cheapest electricity in the world, which is sold to households in Iran, and 58 times cheaper […]
Radio România Muzical will broadcast, beginning November 13, eight recordings of the concerts conducted by Sergiu Celibidache in Romania. The initiative comes in a month that also sees the release of the biopic Yellow Tie, directed by the celebrated conductor’s son, and the launch of the volume Spațiul Celibidache (The Celibidache Space) by Stejărel Olaru. […]
Multinational consumer goods corporation Procter & Gamble will relocate its main Romanian headquarters to the business campus Yunity Park after signing a ten-year lease agreement with developer Genesis Property. The multinational will move to a space of approximately 7,000 sqm, located in Building E of the business campus, Genesis Property said. Genesis Property owns and […]
Bucharest was included for the first time in the European ranking of cities analyzed for investment in the Emerging Trends in Real Estate Europe 2026 report, recently published by PwC and the Urban Land Institute. The report shows a favorable context for Central and Eastern Europe, as companies explore investment opportunities due to lower utility […]
Digitail, a provider of AI-powered practice management software for veterinary clinics, has raised USD 23 million in a series B funding led by Five Elms Capital. Existing investors Atomico, Partech, Byfounders, Gradient, and others also participated. This brings the company's total investment to over USD 37 million. The investment will enable Digitail to accelerate product […]
