Analysis
Romania Records Highest National VAT Compliance Gap In The EU In 2019
In 2019, Romania recorded the highest national VAT compliance gap with 34.9% of VAT revenues going missing in 2019, placing it first among European Union Member States, in line with a PwC an...
Eurostat: Romania Ranks Last In The EU In terms Of R&D Expenditure
With a R&D intensity of 0.5% of the gross domestic product (GDP), Romania ranks last among European Union Member States, data from Eurostat, the statistical office of the European Union, sho...
Romania Bike Production Grows Tenfold in 10 Years to RON1.3B
Romania’s bike industry has grown almost tenfold in 10 years. Over 1,700 people in 2020 manufactured RON1.3 billion worth of bikes, in line with a ZF analysis based on Trade Registry data.
Romania’s Cosmetics and Personal Care Market Hits EUR1.56B in 2020, Down 2% from 2019
Romania’s cosmetics and personal care market reached a value of EUR1.56 billion in 2020, the first pandemic year, 2% less than in 2019, in line with data provided by market research company...
Prognosis Commission Sees Jobless Rate Down To 5.1%, Staff Numbers Up 2%, Average Net Wage Up 8.9%
Romania’s national commission for prognosis and statistics has revised upwards its forecast on the monthly average net salary for 2022 expecting an increase of 8.9%, compared to an average n...
Number of Authorized Private Individuals Up by a Third in Jan-Oct 2021
More than 25,000 PFAs (authorized private individuals) were set up in the first ten months of this year, 31% more than in the same period of last year.
Social Progress Index On Quality Of Life & Social Wellbeing: Romania Remains Last Among EU Countries
Romania ranks 44th out of 168 countries, climbing one spot in the global ranking, but continues to be surpassed by all the other EU member states, according to the 2021 Social Progress Index...
Romania Boasts Biggest Increase in Number of Newly-Founded Firms in EU in 3Q/2021 vs 2Q/2021
Romania registered the biggest growth in the number of newly-established companies in the EU in the third quarter of this year against the previous quarter, in line with Eurostat data.
Ten Most Valuable Companies in Romania Worth EUR56.5B in 2021
The ten most valuable companies in Romania’s economy are valued at EUR56.5 billion in 2021, over 90% more than last year.