In 2023, the gross domestic product (GDP) per capita, measured in purchasing power standards, varied from 64% of the EU average in Bulgaria to 240% in Luxembourg, according to Eurostat last report. In 2023, notable disparities in GDP per capita, measured in purchasing power standards, were observed across EU nations. Luxembourg and Ireland boasted the highest levels, surpassing the EU average by 140% and 112% respectively, followed by the Netherlands (+30%), Denmark (+28%), and Austria (+23%). Conversely, Bulgaria reported the lowest GDP per capita, falling 36% below the EU average, with Greece (-33%) and Latvia (-29%) following suit. In the case of Romania, there was a modest enhancement in 2023, rising from 76% in 2022 to 78% of the European Union average, influenced by the performance of other member states. Notably, Romania has surpassed Hungary, which still contends with higher inflation rates than Romania, as well as Croatia, Slovakia, and Latvia. However, Romania still trails behind Poland, which stands at 80% of the EU average, though the gap has slightly narrowed.
Romania has issued more than 217,000 temporary protection permits to Ukrainian citizens since the start of the war, while a total of 4,534 Ukrainians have applied for asylum in the country, according to data released by the General Inspectorate for Immigration (IGI) and quoted by Agerpres. The IGI reported that between...
Tekpon, a Romanian-founded software solutions marketplace, announced that it acquired the TNW (The Next Web) brand from The Financial Times. The deal targets full ownership of the TNW media and events brands, which cover and convene the European technology ecosystem, from the FT. “The transaction is Tekpon’s largest investment in media and events so far. […]
In a market shaped by shrinking supply, rising capital and shifting global flows, North Bucharest Investments is positioning itself at the center of Bucharest’s next residential cycle. For CEO Vlad Musțeată, 2026 is not a year to watch from the sidelines, but “one of the clearest buying windows of the past decade” for disciplined investors […]
One year after the Romanian Constitutional Court (CCR) annulled the presidential elections and decided a complete rerun, amid a flawed electoral process backed by evidence in a declassified report sent by intelligence services to the state defence council CSAT, president Nicusor Dan announced a detailed report on the developments would be released...
Electrocentrale București, one of the 17 state enterprises shortlisted by the government for restructuring, has launched the tender for a new gas-fired cogeneration power plant in Bucharest South, a project worth over RON 2.1 billion (EUR 400 million). Interested companies can submit bids until February 5, according to
Critical Metals Corp (Nasdaq: CRML), an American company specialising in critical minerals, and Romanian nuclear group Nuclearelectrica (BVB: SNN) announced on December 9 the signing of an agreement for the development, in Romania at Feldioara, of an industrial rare earth processing facility. The planned facilities at Feldioara, where Nuclearelectrica operates its subsidiary Uranium Concentrate Processing […]
