The number of permanent dwellings completed in Romania in 2023 reached 71,454 units, down 1,878 from 2022, show data published by the National Institute of Statistics (INS) on Tuesday.By residence areas, in 2023 compared to 2022, there is a decrease in the share of dwellings completed in rural areas (from 45.3% in 2022 to 39% in 2023) and an increase in urban areas (from 54.7% in 2022 to 61% in 2023).The distribution of funds for dwellings completed reveals that in 2023, as against 2022, the number of dwellings made on private funds decreased (-2,466 dwellings), while the number of dwellings made on public funds increased (+588 dwellings).The regional distribution in 2023 compared with 2022 shows a decrease in the number of dwellings in the following development regions: Nord-Vest (-1,357 dwellings), Vest (-945), Bucharest -Ilfov (-280), Centru (-159) and Sud-Muntenia (-158).On the other hand, increases were recorded in the development regions Sud-Est (+761 dwellings), Nord-Est (+246) and Sud-Vest Oltenia (+14).According to INS data, 21,461 dwellings were put into use in Q4 2023, up 923 from Q4 2022.By residence areas, in Q4 2023 most dwellings were built in urban areas (59.3%).The distribution of funds for dwellings completed shows that, in Q4 2023, y-o-y, both the number of dwellings on private funds increased by 624 and those on public funds, by.The regional distribution indicates an increase in the number of dwellings completed in the following development regions: Bucharest-Ilfov (+662 dwellings), Nord-Est (+198), Sud-Est (+175), Centru (+125) and Sud-Muntenia (+116).On the other hand, decreases occurred in the development regions Nord-Vest (-309 dwellings), Vest (-41) and Sud-Vest Oltenia (-3).A dwelling is regarded as complete when its components, including the foundation, is built for the first time and when all the works stipulated in the technical documentation are completed and received by the beneficiary.
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...
Romania's Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision marks the first stage of a wider overhaul programme announced by prime minister Ilie […]
The retail sales volume index in Romania recovered for the second consecutive month in October, when it increased by 0.9% m/m after the 1.3% m/m advance in September – but it was far from fully recovering the 4.0% m/m plunge seen in August as an effect of higher VAT rate enforcement amid already negative consumer […]
Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 - the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% average advance in the European Union. The seasonally-adjusted index […]
