Last year, 92.7 million people in EU (20.9% of community population) were exposed to the povery risk or social exclusion, a drop by 600,000 people against 2004, when 93.3 million people, or 21% of EU population were exposed to the poverty risk or social exclusion, according to data released by Eurostat on Thursday. Among member states, the highest share of people exposed to poverty and social exclusion were found in Bulgaria (29%), Greece (27.5%) and Romania (27.4%). On the other hand, the lowest shares were recorded in Czechia (11.5%), Poland (15%) and Slovenia (15.5%). At EU level, poverty risk and social exclusion were higher for women than men in 2025 (21.9% against 19.8%). The division on age groups shows that the highest poverty risk or social exclusion in EU is for young people between 18 and 24 years old (26.3%), while the lowest risk was for adults 65 years old or older (18.8%). Over a fifth (22.1%) of EU population living in households with depedent children was exposed to poverty or social exclusion in 2025. It is a share higher than the one recorded by households without children (19,8%). However, these figures vary a lot among member states. For people who live in households with depedent children, the rate varied from 29.9% in Spain and 29.4% in Romania to 12.2% in Cyprus, 11.7% in the Netherlands and 10,4% in Slovenia.
The Bucharest office market has shown early signs of recovery, driven by a visible increase in pre-lease transactions, highlighting a renewed occupier appetite for future office spaces. The current development pipeline, exceeding 215,600 sq.m, the highest level in recent years, is expected to be gradually absorbed, according to data from the Cushman & Wakefield Echinox […]
The European Bank for Reconstruction and Development (EBRD) has officially launched its Risk Sharing Facility in Romania extending EUR 270 million in “green financing” to Romanian banks under the InvestEU program. Through its InvestEU guarantees, the EBRD expects to mobilize new green financing for individuals and companies in Romania, ensuring much-needed energy savings and carbon […]
The Haferland Week Festival will take place this year in Romania between August 6 and 9, celebrating local Saxon culture with a series of events themed “Longing for Transylvania.” The event will take place in 10 localities: Archita, Saschiz, Homorod, Rupea, Criț, Roadeș, Meșendorf, Cloașterf, Bunești, and Viscri. According to the organizers, the theme is […]
EUROPAfest will return to Bucharest between July 3 and July 12, bringing artists from 14 countries to the Romanian capital for the festival’s 33rd edition. The organizers said this year’s event will place a stronger focus on jazz while also continuing to feature blues, pop, and classical music performances. Artists from France, Italy, Ireland, Canada, […]
CPI Property Group has secured EUR 100 million in financing for Sun Plaza, one of the largest shopping centers in Bucharest. The funds were arranged through a club-deal involving OTP Bank and ING Bank Romania. The company said the transaction was signed through its subsidiary CPI Europe AG and also marks the beginning of a […]
Aquila (BVB: AQ), a major player in the Romanian market for integrated distribution and logistics services for fast-moving consumer goods, or FMCG, has inaugurated its new logistics center in Bacău, a strategic project in which the company invested over EUR 1.2 million. The new logistics infrastructure integrated the relocated operations into a modern facility with […]
