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24 articles about economy
Foto ilustrativăHow Much Romanians Save Compared to Germans: An Eightfold Difference, Eurostat Shows
Eurostat: Romanians hold an average of over 5,000 euros in cash and deposits, compared to 41,000 euros in Germany. Romania does, however, have the highest home ownership rate in the EU.
Foto ilustrativăInflation of 10.4% wipes out minimum wage rise: losses of up to 500 RON/month
Price increases are wiping out the effect of the minimum wage rise. Trade unions are calling for 5,000 RON gross, while the average pension remains below the minimum consumption basket.
Foto ilustrativăFood price hikes hit pensioners hard: many buy just a single carrot and an onion
Pensioners say that out of their 1,500 RON pension, half goes to the doctor. Winter provisions will be halved compared to last year, due to prices having doubled.
Eurostat: Romania among EU Member States with the Highest Fuel Price Increases
Fuel prices in Romania have risen by 23.1% compared to last year, according to Eurostat, although petrol and diesel have become cheaper since May.
Foto ilustrativăHealthy Foods Have Risen 36% in Price Across Europe. UN Report Blames EU Agricultural Subsidies
A UN report shows that fruit and vegetable prices have risen due to the way the EU distributes agricultural subsidies, particularly towards cereals and livestock farming.
Foto ilustrativăRomania's public debt could rise to 90% of GDP by 2036
Public debt has reached 61.6% of GDP, and is set to rise to 63.4% by 2027. Experts are warning of a scenario similar to that of Greece.
Foto ilustrativăSmall pensions, high prices: pensioners count every penny at the market
Price rises on food are hitting hard the pensioners on low incomes, who arrive home with nearly empty shopping bags or only the bare essentials.
Dialysis Market in Romania: 1.6 Billion RON in Reimbursements and Three Major Private Players
17,000 Romanians undergo dialysis annually, with the state covering the full cost of treatment. Over 80% are treated at private centres, dominated by three major companies.
Head of the Fiscal Council: tax increases were inevitable, but by 2027 they will no longer be necessary
Daniel Dăianu says that the large budget deficit necessitated tax increases. He estimates that no new taxes will be needed in 2027, provided the economy grows by more than 2% and budgetary corrections continue.
Average net salary dropped 2.7% in May, to 5,684 RON. Analyst: wages remain below inflation
The National Institute of Statistics announces that the average net salary fell by 159 RON in May, to 5,684 RON. Analyst Adrian Negrescu warns that purchasing power continues to decline.
Foto ilustrativăThe state spent over 325 billion RON on social protection in 2024, a record high in the last 10 years
Social protection expenditure reached 325.7 billion RON in 2024 (+23.2%), accounting for 18.5% of GDP. Nearly half of the funds went towards pensions.
Foto ilustrativăINS: Average Net Salary Fell in May to 5,684 RON
The National Institute of Statistics shows that the average net salary fell in May by 159 RON compared to April, dropping to 5,684 RON, following the disappearance of bonuses.
Foto ilustrativăRomania risks downgrade to "junk" status: what rating agencies say about the country's economy
Romania is preparing for the Fitch (July) and Moody's (August) credit rating assessments. What's at stake: maintaining the investment grade rating, which is essential for the country's borrowing costs.
Foto ilustrativăIRSOP Survey: 83% of Romanians Expect Further Price Rises
An IRSOP survey shows that Romanians are growing increasingly pessimistic: 83% expect price rises, 61% believe they will be worse off financially, and people are buying less and abandoning investment plans.
Foto ilustrativăRomania's Trade Deficit Falls by 890 Million Euros, but the Economy Shows Signs of Weakness
The trade deficit fell to €13.5 billion in the first 5 months, however the decline stems from stagnating imports rather than a stronger economy.
Nazare: almost half of the state funding for 2026 is already secured
The interim Finance Minister says the 2026 financing plan has been completed to 49%, and the budget deficit has fallen significantly compared to last year.
INS: migration has stabilised Romania's population at 19 million, but natural growth remains negative
The President of the National Institute of Statistics (INS), Tudorel Andrei, says that international migration has offset the natural population decline, estimated at 70,000–100,000 people annually.
Foto ilustrativăRomanians Are Buying Less and Less: Food and Fuel Sales Drop, INS Data Shows
INS: In January–May 2026, retail sales fell by 5.5%, with declines in food, non-food products, and fuels.
Foto ilustrativăSalaries by sector, after a year of austerity: how much each has lost due to inflation
The average net salary has reached 5,843 RON, but inflation of 10.9% has reduced purchasing power by approximately 570 RON. The gaps between sectors remain enormous.
Foto ilustrativăPensioners, the Hardest Hit by Rising Prices: Giving Up Holidays, Clothes, and Even Food
Romanians are cutting back on spending due to rising prices. Pensioners say that prices increase daily, whilst their pensions are being reduced.
Foto ilustrativăRomanian consumption fell by nearly 5% for the tenth consecutive month. Risk of downgrade to junk
INS reports a nearly 5% drop in consumption, the tenth consecutive month of decline. Romania risks being downgraded to junk status, with a possible freeze on pension and salary payments.
Private pensions (Pillar II) have reached 227.5 billion RON. Where the money is invested
Pillar II assets grew by 37%, reaching 227.5 billion RON, whilst Pillar III rose by 38%, to 8.4 billion RON, according to ASF data for May 2026.
Foto ilustrativăRomania, European leader in wage taxation: over 40% goes to the state
Romania taxes labour the most in the EU: 41.5% of gross salary goes to the state, plus 19% VAT on every purchase, according to Eurostat data.
Foto ilustrativăMarkets Have Become Unaffordable for Pensioners: Fruit and Vegetables at Record Prices
In Iași, pensioners come home from the market with bags that are half empty. Forest berries – 40 RON/kg, cherries – 35 RON/kg, garlic and tomatoes – over 20 RON/kg.