The figures place Romania as the country with the best dynamics in Europe, one of the best economic dynamics in the world, according to Marcel Ionescu-Heroiu, senior expert urban development with the World Bank, which says that this year our country has surpassed, for the first time, Hungary as GDP/inhabitant.‘In 2020, Romania has surpassed Slovakia, as GDP/inhabitant, and this year our country has surpassed Hungary, which is a unique economic performance, which is a first. If the trends are in a horizon of one or two years, we will surpass Poland’ stated the WM official in a videoconference Caravan Smart City Sibiu, organized by the Romanian Association for Smart City, together with the Town hall Sibiu, according to a press release sent on Friday.Marcel Ionescu-Hoeroiu spoke about the importance of keeping the attractiveness of the functional urban areas and the human capital which they draw.‘The functional urban areas in Romania are the ones which contribute most to the economy, those being the areas where, at least 15% of the workforce commute to a town or a city, generating 98% of the GDP Romania. Thus, if they do not function, the economy does not work. Practically, what matters are the people, the productiveness and consumption’ he said.
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 […]
