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.
Romania has been officially selected to compete at Bocuse d’Or Europe 2026, marking the first time the country will take part in the world’s most prestigious culinary competition. There will be 20 participating nations at the European edition, which will take place in Marseille, France, in March 2026. The countries that qualify in Marseille will […]
The City Hall of Tășnad, located in Satu Mare County, north-western Romania, has received six bids for the construction of a new water park. The project is valued at RON 138.2 million (approximately EUR 27.2 million), and the building is scheduled to take 3 years. The water park, named Aquapark Transilvania Terme Tășnad, will cover […]
Libris and Save the Children Romania announce the launch of the seventh edition of the CarteTeca program, through which 50 school libraries across the country will be equipped with new books, supported by a total investment of RON 250,000. Registrations for this year’s edition open today, on the platform libris.ro/carteteca. To date, the project has […]
Half of Romanians fear that they will not be able to maintain a comfortable standard of living after retirement, according to the Retail Banking Radar report, produced by the consulting company Kearney. Romania is thus above the European average (47%). According to the report, as quoted by Bursa.ro,...
Romania has signed a cooperation agreement with the Organisation for Joint Armament Cooperation (OCCAR), marking the country’s first concrete step towards acquiring four combat corvettes through the European Multirole Corvette (EMC) programme, the Ministry of National Defence announced, as reported by
Tackling magistrates' pensions represents a milestone in the PNRR on which hundreds of millions of euros of funds depends on, and it is also a major social problem due to the social sense of injustice it creates, prime minister Ilie Bolojan told B1 TV news channel, expressing his hope that...
