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.
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 […]
