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.
Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan, or PNRR. As the coordinator of the PNRR, which offers funding in the form of advantageous […]
Aluminium producer ALRO, a subsidiary of Vimetco PLC from Cyprus, celebrated 28 years on the Romanian stock exchange (BVB) and 60 years of uninterrupted industrial activity. Its market capitalization has increased nearly 21 times since its listing and now exceeds RON 1 billion. The company’s history began with the first batch of Romanian aluminium, on June […]
Something is quietly shifting in Romania. In places where paperwork, patchy Wi-Fi, and long queues once ruled, change is starting to show. Towns are more connected, cities are getting smarter, and essential services are beginning to live online, not in line. A tidal wave of digitisation is common to other areas of the globe, that’s […]
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
