Three out of four Romanians declare they are a little or not at all financially prepared, whih has impact on future financial prospects, according to a study made by BrandNarry and supported by the Romanian Commercial Bank, on the occasion of the World Savings Day. Moreover, the result analysis of financial education tests indicate not only a low level of knowing financial banking and economic concepts and terms, but also a low capacity of making simple mathematic calculations. 77% of participants did not exceed 50% of correct answers, while only 3.5% of respondents had a correct answer rate higher than 75%. The study pointed out that 40% of participants are not financially resilient and would not be able to ensure the same living standard as now, not even for a month in case, in an unhappy situation, they would be left without an income source. Only one out of five Romanians estimate they could preserve their present living standard for more than 6 months. The degree of financial literacy in Romania is only 8%, the lowest percentage in Europe. Over 50% of Romanians consider they are facing financial difficulties in everyday life. As for financial inclusion, most participants in the study declared they held and used a bank account (80.7%), a debit card (70%) and used online banking (70%). The survey revealed differences between gender groups concerning money. The report shows that women tend to concentrate on money handling practices, while men associate money to freedom and well being. These differences show the need for a more nuanced approach in public policies and in financial education programs which shouod take into account needs and promote a healthy and balanced relation with money for everybody.
Multinational consumer goods corporation Procter & Gamble will relocate its main Romanian headquarters to the business campus Yunity Park after signing a ten-year lease agreement with developer Genesis Property. The multinational will move to a space of approximately 7,000 sqm, located in Building E of the business campus, Genesis Property said. Genesis Property owns and […]
Bucharest was included for the first time in the European ranking of cities analyzed for investment in the Emerging Trends in Real Estate Europe 2026 report, recently published by PwC and the Urban Land Institute. The report shows a favorable context for Central and Eastern Europe, as companies explore investment opportunities due to lower utility […]
Digitail, a provider of AI-powered practice management software for veterinary clinics, has raised USD 23 million in a series B funding led by Five Elms Capital. Existing investors Atomico, Partech, Byfounders, Gradient, and others also participated. This brings the company's total investment to over USD 37 million. The investment will enable Digitail to accelerate product […]
President Nicușor Dan intervened in the conflict sparked between recently-appointed deputy prime minister Oana Gheorghiu and the Superior Council of Magistracy, or CSM. The latter filed a criminal complaint against the former, after Gheorghiu stated that the magistrates’ pensions have to be cut. Specifically, Oana Gheorghiu stated during an interview on Digi24 that she understands […]
Romania’s former head of the Environmental Guard, Octavian Berceanu, has claimed he was offered a EUR 10 million bribe to intervene in a defense-related commercial deal, he revealed in an interview with Europa FM. According to Berceanu, the offer came...
Romania’s automobile output declined by 2.7% year-on-year in the first ten months of 2025 to 453,955 units, according to data published by the Romanian Automobile Manufacturers Association (ACAROM). Of the total, 245,765 cars were produced at Automobile Dacia’s Mioveni plant, marking a 5% decrease compared to the same period in 2024. Production at Ford Otosan’s […]
