Romanian market news

Romania Market News – 01/06/23



-Last year, the monthly average value of the shopping basket went up by 10-15% in Romania, with foodstuffs and consumer goods prevailing, an analysis by Footprints AI, a Romanian company that operates one of the world’s most popular Retail Media platforms, reveals.

Romanian authorities issued 2,677 residential building permits in April 2023, down 20% m-o-m and 32.3% y-o-y, data from the National Institute of Statistics showed.

The majority of parliamentarians support the allocation of over 6% of the GDP for education, while 54% say that it is acceptable for the school to receive money from parents, according to a survey by World Vision Romania, to which 145 parliamentarians responded in the period 5 – May 25, 2023, in the context of Children’s Day (June 1). More than 150,000 teachers and 50,000 – 60,000 non-teaching and auxiliary staff started a general strike on Monday (May 22) over low salaries and insufficient funding for education.

The national forestry fund recorded an increase of about 0.1% in 2022 y-o-y, while the volume of harvested wood grew by 1.2%, data published by the National Institute of Statistics (INS) showed.

Women are shareholders in 47% of active companies in Romania with a turnover of over 10,000 lei, almost at par with men, according to a survey conducted by Impact Hub and Bravva Angels for ING Bank Romania.