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.
London’s New Bond Street has been crowned the world’s priciest retail destination for the first time, while Bucharest’s Calea Victoriei is in 39th place globally, according to Cushman & Wakefield’s latest Main Streets Across the World report. Rents in Calea Victoriei recorded the 3rd highest growth among the 50 analysed markets worldwide. Calea Victoriei, the […]
The Defense Ministry said early Wednesday, November 19, that its Air Force detected a drone entering national airspace overnight, prompting the scramble of German and Romanian fighter jets amid ongoing Russian attacks near Romania’s border with Ukraine. Two German Eurofighter Typhoon jets stationed at the Mihail Kogălniceanu Air Base took off at 00:25 on November […]
The government will radically amend the legislation on foreign labour and repeal the current law, said Ciprian Văcaru, state secretary at the Ministry of Labour, Family, Youth and Social Solidarity (MMFTSS), as reported by Economedia.ro...
The Romanian government is preparing an emergency ordinance to ban salary-pension cumulation in the public sector, according to the document consulted by Economedia.ro. The draft ordinance includes other measures to reduce spending in public administration, such as suspending secondments and transfers. The...
Although the Romanian ruling coalition announced a principle agreement over cutting by 10% the payroll of the central administration, no formal agreement has been drafted yet, and the technical specifications are not yet clear. In any case, it seems broadly agreed that the ministries and other central administrative units will be given flexibility in deciding […]
Romania’s BlueSpace Technology is preparing for the first public presentation of its VLAH (Hydramatic Autonomous Combat Vehicle) prototype, scheduled for the first half of December, according to a press release cited by Bursa.ro. The 4x4 armoured vehicle is the first...
