Romania has annually closed an average of two percentage points of the gap with the European average. In 2000, Romania’s GDP per capita (at purchasing power parity) stood at around 25% of the EU average, but currently, this figure exceeds 75%, said Csaba Balint, a member of the Board of Director of the National Bank of Romania (BNR). An important role was played by the dynamic increase in labor productivity, Balint believes, and Romania had the fastest growth in the CEE region. This positive trend was largely supported by economic restructuring: in 2000, almost 45% of the employed population was involved in agriculture, followed by industry (22%) and market services (21%). currently, the weight has shifted significantly towards market services with a much higher added value. Within the services sector, certain categories such as IT&C have shown exceptionally fast growth. If we analyze the share of the added value of the IT&C segment in the national economies, Romania is in the top 5 of the EU countries. In addition to the country’s capital, there are numerous regional economic centers – such as Bucharest, Cluj-Napoca, Timisoara, Brasov, Iasi, Constanta or Craiova, which play an important role in development. The seven most important economic poles in Romania contribute to more than 50% of the national GDP. All counties in Romania have made significant progress in the last almost two and a half decades in terms of GDP per capita, but regional disparities have increased, said the BNR expert. In the current global context, characterized by uncertainty and major structural changes, Romania must be prepared to respond to some challenges: the aging of the population, the transition to a green economy, digitization, geopolitical tensions and global fragmentation, as well as the impact of artificial intelligence, with all its aspects positives and associated risks, the economist concluded.
There are 17 legal public holidays in Romania in 2026, and 12 of them fall on weekdays. This means employees will have more time off without using their annual vacation days. The year begins with the possibility of an extended break, as January 1–2 fall on Thursday and Friday, while January 6–7 (the feast days […]
Chimcomplex, a producer and supplier of chemicals, has appointed Ștefan Vuza as Chief Executive Officer. The decision aims to “ensure direct coordination of the transformation process underway at Chimcomplex and to strengthen the company’s ability to navigate an economic context marked by strong pressure on competitiveness,” the company said. Chimcomplex, specializing in polyols, chlorosodium, and […]
FIRST, a new Romanian-developed digital real estate platform, launched on the local market with a technology-driven system that, the company says, is designed to help users make faster, more informed property decisions. Available as of this autumn, the platform uses updated data, advanced search filters, and lifestyle-based presentation tools to give buyers and renters clearer […]
Cargus, the first courier company on the Romanian market, is expanding its Ship & Go out-of-home delivery network through a new partnership with Carrefour, adding nearly 450 pick-up and drop-off points inside the retailer’s stores. More than 150 Carrefour hypermarkets, supermarkets, and Express locations will join the network by the end of this year, with […]
Romania’s national railway operator, CFR Călători, will introduce its new 2025–2026 timetable on December 14, adding direct Budapest–Bucharest services and restoring the Vienna Westbahnhof connection as part of a broader update to international and domestic rail operations. The new schedule, valid until December 12, 2026, includes more than 1,150 daily trains. ...
The average price per square meter requested by real estate developers and owners for residential units in Romania increased by 15% in 2025, with the highest rise seen in Craiova, according to a survey conducted by Imobiliare.ro, as reported by Profit.ro. ...
