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.
APTIQ Global announces the affiliation of the Turkish firm CLK Consultancy under the APTIQ Tax brand, which means a strategic expansion into the Turkish market, while fostering growth and delivering exceptional value to their clients across Turkey, Germany, France, Switzerland, Austria, Ireland, Italy, Spain, Romania, Poland, the Czech Republic and Slovakia. As part of their […]
Prosecutors from Romania's National Anticorruption Directorate (DNA) carried out searches at the Sinaia City Hall and the residence of mayor Vlad Oprea on Wednesday morning, January 22, in connection with an investigation into multiple corruption charges, according to judicial sources quoted by the media. Sources told local news agency Agerpres...
Almost 70% of the respondents to a recent survey conducted by INSCOP Research on behalf of Funky Citizens would vote for a nationalist party or candidate for president who promotes religious values and supports traditional family values (up from 65.7% in January 2022). Meanwhile, 27.3% said they would...
Over 23,000 nurses who trained in Romania work abroad in ten European countries, according to the Organization for Economic Cooperation and Development (OECD), at the request of Ziarul Financiar. Italy, the United Kingdom, and Belgium have been the most frequently chosen destinations in the last ten years...
Under existing legislation, Romania has pre-emptive rights only for the natural gas already extracted - and not for the natural gas that will be extracted in the future, according to clarifications provided to Ziarul Financiar by the National Administration of State Reserves and Special Issues (ANRSPS)...
Romanian minister of energy Sebastian Burduja announced a detailed report on the negative effects of the Green Deal policies on the Romanian energy sector. Quoting US president Donald Trump, Burduja said a state's democracy depends on its economy and, consequently, on its ability to produce safe, affordable, and abundant energy. "Energy that keeps factories open, […]
