Capital must flow not only from deposits into credits, but also from saving in private companies which create jobs and that is why it is important to have a developed capital and banling market, says Cristian Popa, a member of the Administration Board of the National Bank of Romania at the 12th edition of BVB Awards 2025, the annual ceremony awarding performances in the capital market in 2024. He referred to the increase of the number of stock market investors, mentioning that in 2015 there were 60,000-70,000 investors and 202,000 in 2024. At the same time, Popa reminded that the increase of GDP/ capita seven times and of the number of highway kilometers have grown ten times in the last 20 years. “There are figures that should be mentioned, especially in the context in which we operate now. Figures about the number of highway kilometers in Romania are undeniable: 113 km in 2003, 1074 in 2023, over 1,200 at present, an increase by ten times. GDP per capita was 2,400 euros 20 years ago, now it is 17,000 euros, that is an increase by 7 times. Direct foreign investments were 9.6 billion euros in 2003, 118 billion euros in 2023,”Popa said. He pointed out that Romania has known an important development, sometimes forgotten. “It is a fantastic development we tend to forget sometimes. We simply forget where we forget where we started from and where we are now. The average Romanian lives 80% of the life span of an average European. We must say that being and EU member helped Romania a lot, as well as the money coming from EU, 66 billion euros. These high contributions helped develop Romania by building roads, bridges , hospitals and helped us get where we are. I think it is important to remind those figures, because sometimes we lose the perspective being preoccupied by the present and foregetting to consider achievements,” Popa pointed out.
Human Scale, the project representing Romania at the 19th edition of the International Architecture Exhibition – La Biennale di Venezia, opens to the public on May 10. The project, by artist Vlad Nancă and architecture office Muromuro Studio (Ioana Chifu and Onar Stănescu) and curated by Cosmina Goagea, is presented in two venues, namely the […]
Romanian finance minister Tanczos Barna, present on Wednesday, May 7, at the Romanian Business Leaders Summit in Bucharest, said that a hard landing (signaling a sharp correction) of the Romanian economy is possible, as a “soft” landing is not very credible, considering the 8.3% budget deficit. The minister’s comments come after the Romanian stock market […]
Arctic, a Romanian brand with a tradition of over 50 years, once again confirms the appreciation it enjoys among consumers, consolidating its position as a trustworthy brand with accessible, durable products tailored to the real needs of Romanian families. According to the independent study conducted by the international certification company ICERTIAS, Switzerland, Romanians believe that […]
The second stage of the Grand Chess Tour 2025, known locally as Superbet Chess Classic Romania, kicked off on Tuesday, May 6. Marking the 10th anniversary of the Grand Chess Tour, this year’s edition brings together legendary players and key cultural and sporting figures, all in the presence of GCT founder Garry Kasparov, who was […]
As fintech reshapes global markets, UNCHAIN Fintech Festival (June 17-18th in Oradea) challenges the Central and Eastern European business landscape to reflect on a new mindset where financial innovation is deeply intertwined with every industry that shapes our economies, unlocking new opportunities for companies and customers. “The future of finance is no longer siloed. As […]
The latest study conducted by Reveal Marketing Research shows that 55% of urban Romanians know that Europe Day is celebrated on May 9, while 35% admit they do not know the exact date. Moreover, slightly over a third know its significance. The demographic breakdown reveals that men (59%) are better informed compared to women (50%) […]
