The total number of people affected by severe material deprivation in 2020 was 2.95 million people, of whom 47.4% men and 52.6% women, shares close to the previous year, according to data centralized by the National Institute of Statistics (INS).Compared to 2017, the severe material deprivation rate decreased by 4.5 percentage points, reaching 15.2% of the population in 2020.Last year, the incidence of severe material deprivation was higher mainly among children up to 18 years of age (21.4%) and young people aged 18-24 (17.7%). Compared to 2017, in 2020 there were significant decreases, by 6.8 and 6.4 percentage points, respectively, in the shares of people severely constrained by a lack of financial resources in the 50-64 years age range and in those aged 65 and over.Severe material deprivation was less common among people living in households without dependent children (12.9%) than among those living in households with dependent children (17.1%). Compared to 2017, there was a decrease in severe material deprivation by 7.4 percentage points among households without dependent children and by 2.1 percentage points among households with dependent children.In households with dependent children, the most difficult situation was in the case of people from large households (consisting of 2 adults with 3 or more dependent children), of whom 43.9% are severely constrained by a lack of financial resources. Also, 25.5% of people in our country living in single-parent households with dependent children are severely constrained by a lack of financial resources, while only 7.7% of people in households consisting of two adults with one child experience severe deprivation.Severe material deprivation is unevenly distributed in terms of regional profile. In 2020, the highest incidence of severe material deprivation was recorded in the regions of South-East (22.7%) and South-Muntenia (20.6%), with 14.1 and 12 percentage points respectively compared to the West region. Compared to 2019, increases in severe material deprivation were felt in most regions, the highest being recorded in the Center region (3.4 percentage points), followed by the South-East regions by 2 percentage points and the North-East by 1.5 percentage points.In the European Union, severe material deprivation characterizes the lives of 5.5% of the total number of people, but the differences between Member States are considerably wide.According to INS, severe material deprivation refers to people who, due to lack of financial resources, cannot afford at least four of the nine components considered essential for a decent living, such as: payment of rent, mortgage or utility bills o time; ensuring adequate heating of the home; the possibility to face unforeseen expenses; payment of one week vacation annually; eating meat or fish at least once every 2 days; owning a color TV; owning a washing machine; owning a telephone (landline or mobile); owning a personal car.
Romanians purchased RON 1.49 billion (nearly EUR 300 million) under the last Fidelis issue this year, organised by the Treasury in December, with over two-thirds of the money being placed in euro-denominated debt and more than one-third of the total being placed in long-term 10-year euro-denominated debt with a 6.2% coupon attached, according to data […]
Environment minister Diana Buzoianu announced that the ministry she leads has launched the procedures for a feasibility study aimed at planting 380 hectares of forest shelterbelts in southern Romania, a region increasingly affected by desertification. According to the announcement, the project would result in more than 126 kilometers of tree lines planted along national roads. […]
Romanian president Nicușor Dan said Russia will remain a security threat to Europe even if the war in Ukraine ends in a peace agreement. Speaking after the Eastern Flank Summit in Helsinki, he stressed that European countries must stay calm but strengthen their defense capabilities through increased investment and closer coordination within NATO and the […]
Harta Literară (The Literary Map), a project highlighting real-world places featured in fiction works, will expand next year from Bucharest to Braşov and Iaşi after receiving funding from Romania's National Culture Fund (AFCN). Bucharest was the first city covered by the map, with more than 300 documented places, and 600 highlighted connections to classic and […]
As global competition for university places continues to rise, families are increasingly seeking schools that not only deliver strong academics but also provide the networks, counselling, and preparation needed for the world’s most selective universities. Through its partnership with Dukes Education, Verita International School has become one of Romania’s strongest pathways to top global universities, […]
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
