Romania registers one of the widest gaps in the EU between high and low incomes among the population: the average income of the richest 10% of Romanians (tenth decile) is 4.88 times higher than that of the poorest 10% (first decile), according to Eurostat data from 2022 compiled by Friedrich Ebert Foundation. The gap slightly narrowed from 6.5x in 2015.
For comparison, this ratio was 3.6x in the European Union in 2022.
Bulgaria shows the widest discrepancy (5.5x), while Letonia...
Production and new orders rise after nine straight months of decline Business confidence picks up, while hiring is back on the agenda Cost inflation eases and selling prices rise only fractionally An improvement in the health of the Romanian manufacturing sector was signalled for the first time in the survey's history, according to the latest […]
Raiffeisen Bank Romania continues its growth strategy in personal financial planning, up 50% in the first quarter of the year in the segment of investment plans, voluntary pensions and life insurance with a savings component. At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking […]
Road crews have begun snow removal on Romania’s spectacular mountain road known as Transfăgărășan. Since there is less snow than in other years, the road could be opened much earlier than the usual date of July 1, according to authorities. Transfăgărășan, Romania’s second-highest road after Transalpina, is being cleared of snow so it can be […]
The chamber music event SoNoRo Conac has announced a new segment of its tour, which will see two concerts this month, one hosted by the Viscri house of King Charles III and the other by the Balș House in Iași. The concerts, delivered by musicians Răzvan Popovici (viola), Alexandru Spînu (viola), and Cristiana Mihart (piano), are scheduled […]
Several exhibitions remain open in Bucharest during the Easter weekend, when those who haven’t left the city can enjoy the Open Streets event or visiting the Botanical Garden. In Bucharest: Open Streets Every weekend until October 13 ...
Far-right Romanian senator Diana Șoșoacă has entered the race for mayor of Bucharest after gathering all the necessary signatures for her candidacy. The Electoral Office accepted her candidacy on the very last day she was eligible to submit it. This came after her application was rejected over the weekend because she did not have enough […]
