Public spending on education, from pre-primary to upper secondary level, in the European Union accounted for 4.7% of gross domestic product (GDP) in 2023, unchanged from 2022, according to data published by Eurostat on Tuesday.Among EU member states, the highest level of public spending on education as a share of GDP was recorded in Sweden (6.8%), followed by Finland (6.3%) and Belgium (6.2%). At the other end of the scale, the lowest levels were recorded in Romania (3% of GDP), Greece (3.3%) and Malta (3.4%).Across the EU, public spending on education fell slightly, by 0.3 percentage points, in 2023 compared with 2020, when it stood at 5% of GDP. That was also the year with the highest level of public spending on education since statistical data collection began in 2012.As regards the structure of spending, capital expenditure accounted for at least 10% of total expenditure on educational institutions in Greece, Hungary, the Netherlands, Slovakia, Poland, Estonia and Luxembourg in 2023. By contrast, capital expenditure accounted for less than 5% of total spending in Romania and Belgium.In more than half of the EU countries for which data are available (nine out of 16), teachers' salaries accounted for the largest share of expenditure on educational institutions in 2023. However, these salaries accounted for a smaller share, between 40% and 50% of expenditure, in Slovakia, France, Lithuania, Czechia and Finland, while Estonia (37.6%) and Malta (36.9%) were slightly below this range.
BCR Publishes Key Results and Conclusions from its 2025 Consolidated Sustainability Report Bucharest, 7 September 2026 – Banca Comercială Română (BCR) presents the results of its 2025 Consolidated Sustainability Reporting, highlighting the expansion of sustainable financing, progress towards climate targets, and the impact of financial education and financial health programmes, as...
President Dan reportedly wants a fully operational government in place before the next S&P sovereign rating review, expected in early October, with the rating agency’s experts due in Bucharest on September 24, according to G4media.ro. The...
The BET index lost 6.7% in August, but still posted a 42.3% gain since the beginning of the year and a 67.4% increase over the past 12 months, ranking first on both horizons among a sample of 38 European national benchmark indices, Ziarul...
The company's management has set the date for the Extraordinary General Meeting of Shareholders for September 21, 2026. The agenda includes the project for the new terminal for bulk solid fertilizers and liquid products, according to the official document. The infrastructure will be developed at Berth 84 and Stockpile 5 in the North Port of […]
This prepares the ground for a faster sale of the shipyard to the German group Rheinmetall, which should start construction of EUR 1 billion military ships under a contract with the Romanian state, and its partner MSC, Ziarul...
Energy expert Dumitru Chisăliță told Digi24 that new offers could be 10%-15% more expensive and warned that price increases could continue until the end of the year or even into 2027. “Hidroelectrica was until now the supplier with...
