Consumption, the main destination of household expenditures, accounted for an average of 61.1% of total household expenditures last year, amounting to 2,979.3 lei per month per household, according to data centralised by the National Institute of Statistics (INS).The monetary expenses for the purchase of food products (including the expenses in the public catering units), non-food expenses and for the payment of the services were of 2,745.8 lei per month (56.3% of the total expenses).The other part of consumption expenditures, the value of human consumption from own resources (those food and non-food products from own resources that are consumed by household members) was equal to 233.5 lei per household and represented 4.8% of total expenditures.Expenditures for household production in 2021 accounted for 1.9% of total expenditures, of which 0.4% went to cash expenditures, and 1.5% to the equivalent value of productive consumption from own resources (fodder, seeds, etc.) used for household production. The latter amounted to, on average, 72.4 lei per month per household.
Radisson Blu Hotel, Bucharest, Romania’s largest five-star hospitality complex and a flagship property within the Radisson Hotels portfolio, has been recognized with multiple international and national awards, underscoring its continued commitment to excellence, innovation, and guest satisfaction. At the 32nd Annual World Travel Awards – Europe Gala Ceremony, held in Sardinia, Italy, Radisson Blu Hotel, […]
The public is invited to discover a spectacular festive concept inspired by the charm of the Victorian era Corinthia Grand Hotel du Boulevard will officially start the winter holiday season, lighting up Bucharest’s first Christmas decorations on 24 November at 7:00 PM, symbolically marking the opening scene of the city’s festive celebrations. The hotel transforms into […]
The office building of the former tire manufacturer Banloc-Goodrich in central Bucharest will be demolished for the construction of the Holocaust Museum, Profit.ro reported. The investment, valued at EUR 54.2 million, is partly covered by the EU-backed Recovery and Resilience...
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of 236.3 million euros in the first nine months of 2025, up 13% year-on-year (YoY), and a gross profit of 84.8 million euros, up 20% YoY, while the net profit stood at 70.3 million euros, up […]
Famed Romanian composer Horia Moculescu died on Wednesday, November 12, at the age of 88. The composer, pianist, and performer was born on March 18, 1937, in Râmnicu-Vâlcea. At the age of six, he learned to play the accordion. He attended secondary school in Turda at the Boys’ High School (now the “Mihai Viteazul” National […]
Romanians shift priorities: Health, Culture, and Hobbies take the lead, while Fashion and Home&Deco lose ground to low-cost non-EU commerce Black Friday 2025 marks a turning point for Romanian eCommerce. After two years of stagnation, the day recorded a +10% increase in the number of transactions, while the overall campaign week saw a +20% rise […]
