Approximately 73% of Romanians claim that they will not go on vacation at all this winter, and of those who will, almost 11.5% will spend their winter vacation in Romania, in the mountains, 7.5% will spend it with relatives/in the country, over 6% on the Romanian seacoast and only 2.6% will spend it abroad, according to a survey carried out by CEC Bank in partnership with FinZoom.ro.Among those who will spend their holidays abroad, about 22% say they will go to Turkey, almost 16% chose Spain, 12.5% - Greece, 10% each will spend their holidays in Bulgaria and Italy and over 6% in Egypt. Other holiday destinations include Norway, the UK and Brazil.When it comes to the budget allocated this year for the winter vacation, approximately 80% of the respondents mentioned that they will allocate less than RON 1,000, over 11% answered between RON 1,000 - 2,000, 6.5% will allocate between RON 2,000 - 4,000, and almost 4% intend to spend over RON 4,000.Regarding the means of transport that Romanians use to go on vacation, the personal car is the first choice. More than half of those who will go on vacation will go by car, about 23% chose to travel by train, over 15% by bus and approximately 8% by plane.The survey was conducted online by the FinZoom financial comparator, at the request of CEC Bank, on a sample of about 1,200 respondents from all over the country, representative of Internet users. 53% of the respondents are employees, 75% live in the city and over 27% have higher education.
Romania's Social Democratic Party (PSD) may insist on hiking the minimum wage as of January 2026, in line with the national legislation, but also to implement the Directive (EU) 2022/2041 on minimum wage as already envisaged last year. This puts at risk the government's plans for keeping the wages in the budgetary sector constant until […]
The Turceni City Hall signed on Tuesday, October 14, a financing contract with the European Investment Bank (EIB) for a project that aims to create a renewable energy hub, Economica.net reported. The project, worth a total of...
The Danish company Eurowind, which has been present on the Romanian market for 14 years, will develop large-scale wind, photovoltaic, and battery projects in Romania. The target is 1,000 MW installed by 2030, and a third of the group's investments are allocated to Romania, according to
Cristian Geanaliu, Executive Director of Global Markets at Garanti BBVA Romania, analyzes the persistent inflation and the ongoing imbalance between monetary and fiscal policies shaping Romania’s economic outlook for 2026. Romania enters the last quarter of 2025 within a complex macroeconomic framework. An inflation rate well above the central bank’s target, high interest rates, a […]
One day before the closing of the subscription phase for the IPO at Grup EM, which includes Electromontaj among other companies in the group, reached a subscription level of only a quarter of the total securities put up for sale. The relative caution of investors can be explained by a combination of bad memories from […]
Romanian ice cream maker Alpin 57 Lux, an entrepreneurial company taken over in 2016 by Lithuania's Food Union, will be sold under a regional deal to Froneri – a partnership between the Swiss agri-food giant Nestlé and the investment fund PAI Partners, Profit.ro...
