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.
Bucharest City Hall announced on Monday, May 18, plans to build eight underground parking facilities and one above-ground parking structure through public-private partnerships. The project is part of the city’s broader effort to reduce the number of cars parked on sidewalks and streets. According to the city administration, the locations were selected by Bucharest mayor […]
Romanian president Nicușor Dan said on Monday, May 18, that consultations with parliamentary parties on appointing a new prime minister will continue until a “solid pro-Western majority” capable of supporting a government is formed. The statement came after a full day of talks at the Cotroceni Palace, where Romania’s main political parties outlined conflicting positions […]
More than 100 CEOs and executives from some of Romania’s leading companies in retail, energy, banking, technology, transport, and numerous other sectors gathered in Berceni, Prahova County, on Friday, May 15, as part of Habitat for Humanity’s CEO Build 2026 event to construct homes for vulnerable families. Following the CEO Build rules, top executives of […]
The Romanian Social Democratic Party, or PSD, was surpassed in terms of voting intentions by the National Liberal Party, or PNL, for the first time in six years, after it voted for the dismissal of the Ilie Bolojan government together with the far-right Alliance for the Union of Romanians (AUR) party, according to a recent […]
Romania’s electric vehicle market more than doubled in April 2026, with 1,308 EVs registered during the month, according to an analysis published by LEKTRI.CO. The figure marks a 113% increase compared to April 2025, signaling a renewed acceleration in the country’s transition toward electric mobility. According to the report, electric vehicles accounted for 3.08% of […]
Apartments and houses in Bucharest are unaffordable for more and more people, as housing prices have continued to rise over the past year despite a lower number of transactions, according to the Imobiliare.ro Index, which has monitored the evolution of the residential market in the main urban centers for over 15 years. Residents of Bucharest […]
