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.
Autonom Services, a mobility services company with bonds listed at the Bucharest Exchange, has entered into a credit facility agreement with a total value of EUR 300 million, with an option to subsequently increase the facility by up to EUR 50 million. The financing was attracted from a syndicate of banks that included Banca Transilvania, […]
The transaction between E.ON and the Hungarian company MVM regarding the assets of the former company in Romania was blocked by the Supreme Council for National Defence, former energy minister Sebastian Burduja announced on his Facebook page, cited by Bursa.ro. The decision was reportedly...
KMGI, which owns the Petromidia and Vega refineries in Romania, is operating normally, and no decision is currently being made on the privatisation of the holding, the press service of Kazakhstan's national oil and gas company KazMunayGas, which owns KMGI, said on November 25, as cited by Agerpres. ...
Three bidders, from Romania, the European Union, and the United States, are interested in buying the local assets of Russian group Lukoil, which include a medium-sized refinery, a filling station chain, and an offshore gas perimeter under exploration, Romanian minister of energy Bogdan Ivan announced, according to
The European Commission, under the Semester Package published on November 25, included Romania among the 19 of the 27 EU countries with compliant fiscal developments and prospects, based on the Report on action taken, submitted by the Romanian authorities on October 16. For nine Member States, including Romania, the Excessive Deficit Procedure (EDP) is held in abeyance, […]
West Side Christmas Market, the winter fair created by Untold Universe in partnership with Bucharest’s District 6 City Hall, will reopen on November 28 with an expanded program of concerts and holiday entertainment in Drumul Taberei Park. The fair, which runs until December 27, promises a larger, more immersive experience this year. The official opening […]
