The Romanian households' net wealth continued to grow at a robust pace of 10 percent in 2021, with real estate assets acting as the main growth driver, shows the Financial Stability Report released by the National Bank of Romania (BNR).According to the cited document, the households' net wealth last year was in excess of 2.600 billion RON."The households' net wealth continued to increase at a robust pace during 2021 (+10 pct). Real estate assets are credited for the bulk of the growth (+13 pct), as they were driven by the robust evolution of real estate prices, along with expansion of the housing stock. The growth rate of financial assets slowed down from 34 pct in Q3 2020 to 3 pct at the end of 2021. An aspect worth mentioning is the divergent evolution of demand deposits (+25 pct in March 2022 vs. March 2021) compared to term deposits (-14 pct), as well as the speeding up of foreign exchange savings against national currency savings, indicating a high preference for assets with a high degree of liquidity, amid rising uncertainty caused by the conflict in Ukraine," the report states.The BNR notes that the income polarization trend observed in previous years has gained momentum during 2021, with deposits higher than the 100,000-euro guarantee ceiling increasing by 14 percent, compared to a 4 percent growth for other depositors. Also, there was a significant increase in the ownership of investment fund equity and listed stocks, which went up by 80 pct and 2.3 pct of GDP, respectively, on the back of rising stock indices and the emergence of new financial applications.According to the report, the evolution of the average net income was in line with the increase in consumer prices, as the real earnings index remained stable in March 2022 compared to the previous year. However, there are still significant differences in terms of the salary income distribution: 42 percent of the employment contracts registered in January 2022 were for a pay less than or equal to the minimum wage, and just 13 percent thereof provided for a pay above average.
I am a bit late to the party, but I have thoughts (and concerns) on Radu Jude’s much talked-about Dracula, and even more thoughts (and compliments) on other films that I fear might have gone under the radar a bit. Let’s go! There is no more recognizable marketing asset for the local tourism (and no […]
Waterdrop®, brandul european care a redefinit experiența de hidratare prin soluții sustenabile și design minimalist, lansează în România colecția AO26 în Ediție Limitată, inspirată de dinamica și ritmul inconfundabil al Australian Open. Noua colecție aduce în prim-plan produse create pentru cei care își doresc hidratare de nivel profesionist în viața de zi cu zi, de […]
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. “This award is about people. About those who choose, every single day, to believe in this company, […]
Romania ranks 11th in the world in the EF English Proficiency Index 2025, with a “very high” level of English language skills. According to the index, which represents one of the most extensive global studies on language competence, adults in Romania show a high level of English knowledge. English remains the main international language of communication, […]
Over EUR 1 million was raised at the 25th Christmas Tree Festival, which took place on Thursday, December 4, at the National Museum of Art in Bucharest. Funds will be used by Save the Children Romania, the organizer of the auction, for access to quality education. The tree that raised the most money in the […]
