Romanians are preparing for the second year in a row to spend holidays in pandemic conditions: more at home than in trips with lower budgets, according to a survey made by CEC Bank. A bank press release show that 92% of Romanians say they will spend celebrations at home, with the family and ony; 3.5% have plans of leaving on holiday, while 4.6% plan to go out. The average income Romanians want to spend on holidays, including Christmas gifts and meals is 1,017 lei, when 29% of respondents say they will spend less than 500 lei and only 4.13% can afford spending more than 3,000 lei. 48% of respondents say they will reduce expenses compared to last year, while only 18% afford spending more than in 2020. For Christmas meal, 42.5% of Romanians are willing to spend less than 300 lei, 33.8% between 300 and 600 lei and only 23.6% allocate a budget higher than 600 lei. The average budget allocated for gifts is 509 lei, while 65% of respondents want to stay under that platform and only 9.5% plan to spend more than 1,000 lei. As for the Christmas trees 13% say they would not trim a tree, 56% will use artificial fir trees and 30.5% say they would buy a fir tree with a maximum budget of 150 lei. 64% of respondents pay cash for holiday purchases, while debit and credit cards have a share of over 24%. According to the survey, Romanians do not usually plan holiday budget in time: most of them have higher expenses from the current monthly salary: most of them support expenses higher than the current salary (42%) ans only 36% save beforehand. 9.5% of Romanians hope they will receive compensations they will use to cover those expenses, while 12.5% use loans or credit cards. The survey on financial customs for holidays was made online, by Finzoom, upon the request of CEC Bank in November, on a sample of over 1,800 respondents. CEC Bank is the financial institution with the longest tradition in Romania. Founded in 1864, CEC Bank has now the largest national network, with over 1,000 branches and territorial units and stock of over 45.1 billion lei at the end of September 2021.
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
Real estate developer STC Partners has finalized the acquisition of a plot of land in Pipera, on the northern edge of Bucharest, where it will develop the residential project Quartier Pipera. The plot has a surface area of over 1.6 hectares and will host more than 450 homes. Quartier Pipera will start construction in Q2 […]
Electroputere VFU Pașcani, part of the group of private railway companies Grampet, presented on June 19 the diesel multiple unit (DMU) named Leon. The train, designed and made by Electroputere VFU Paşcani, is the first DMU entirely made in Romania in the last 80 years, the company explained. The three-car DMU has 145 seats, including […]
The mountain biking trails on the Postăvarul Massif, in central Romania, will open earlier than initially estimated. First visitors can already use the trails this weekend. The opening comes after several weeks of intense work to remove dozens of fallen trees from the mountain biking trails and to arrange them. Starting Saturday, on weekends, the […]
Forvis Mazars, the international audit, tax and advisory services partnership, announced the launch of its International German-Romanian Desk, an initiative aimed at addressing the demand for integrated cross-border tax and legal support between Germany and Romania on Thursday, June 19. According to the company, the Desk combines a highly qualified German team of lawyers with […]
Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange, announced on Thursday, June 19, that the Romanian Financial Supervisory Authority has approved the base prospectus for a corporate bond program of up to EUR 30 million. The program allows Simtel to issue bonds in multiple tranches […]
