Romanians | Romania Feed

Romanians are increasingly reluctant to move to another country for a job even though, in most cases, salaries abroad are three and even four times higher than those in Romania, according to Bogdan Badea, CEO of eJobs, Romania’s leading online recruitment platform.

Romania Pillar II private pensions generated a net gain of RON51.4 billion (EUR10.1 billion) for Romanians in the first 17 years of effective operation, in line with calculations by the Romanian Association for Private Pensions APAPR.

The pace of change in recent months has accelerated, with a direct impact on the way we work, learn and adapt, therefore, over half of Romanians (58%) say they had to improve their skills either to keep their jobs or to advance in their career, a trend that is increasingly reflected in the way candidates constantly update their skills in their CVs, as per a survey by online recruitment platform Bestjobs.

Around 133,000 Romanians started in 2024 saving for retirement via voluntary private pensions (Pillar III), 40% more than in 2023 and an all-time high in terms of the number of new clients attracted in the system in a single year, in line with data provided by the Romanian association for private pensions APAPR.

Over half (53%) of Romanians plan to go shopping this Black Friday, but, while most of them are set to spend at least RON500, the value is comparable to or even lower than in 2023 for 72% of consumers, according to a survey conducted countrywide at the initiative of tbi bank in October 2024, on a sample of 1,171 respondents.

Romanians’ financial wealth will expand by 9% on average per annum in the next five years, 1% above the average projected for Eastern Europe and 3% above the global growth pace, reveals the Global Wealth Report drawn up by management consulting firm Boston Consulting Group (BCG).

Romanians in the first four months of 2024 paid taxes worth over EUR250 million via SelfPay self-service payment terminals, for natural and legal persons, with 1.5 million deals of this type registered.

A recent survey conducted by Ipsos for ING Bank shows that 48% of Romanians can no longer afford to save because of inflation, and only 11% manage to put enough money aside to be able to cope with a more expensive future already marred by multiple price hikes.

Romanians bought 8% fewer vehicles in 2022 versus 2021, but at higher prices, considering that the volume of electric vehicles touched a record high and the level of imported used cars reached a six-year low, as per an analysis by car sales platform Autovit.ro.

The rampant inflation has affected Romanians’ budgets for holiday presents, as the amount allocated in 2022 is 40% lower than last year’s, according to the latest survey carried out by online recruitment platform BestJobs.

Romanians’ spending habits have not changed a lot since before the pandemic, and expenses are uniformly spread across the week, with slight differences between working days and weekend days, a report of Mastercard Economics Institute, which looks at how consumers across the world are holding tight to habits that offer convenience, experience or both, says.

Romanians’ real estate assets have continued to grow in 2020 and 2021, the two years of the COVID-19 pandemic, by RON360 billion, respectively 20.7% above the 2019 level, reaching a record high of almost RON2,095 billion at end-2021, in line with central bank data.

76% of Romanians are concerned about a possible economic crisis that might impact their financial situation, as per the latest edition of the UNSAR - IRES Barometer regarding the perception of risk and insurance in Romania (2022).

Results of the latest international study ‘Attitudes towards payment methods’ commissioned by eService and other EVO Group entities reveal that almost 6 out of 10 Romanians declare to pay digitally due to ease of use and convenience. Visa is a partner of the study, in the Central Eastern European region, including Romania.   The study […]

Returning to the office and defining the future working style has changed employees’ perceptions of their office. Romanians want offices where they have options for networking and interacting both at work and in their free time, a trend that is increasingly visible around the world. Thus, for 77% of Romanian employees, the ideal office should […]

Fewer and fewer Romanians can afford to buy a new home, given that prices continue to rise at a significantly faster pace than wages, amid rising construction material prices and current economic conditions, favoring the perception that the housing market offers a refuge from inflation. Cluj-Napoca remains the most expensive city in the country, according […]

The economic and social shockwaves that Covid-19 and the current events in Ukraine sent throughout the world intensified the need for personal financial stability and flexibility. The galloping inflation reduced even more the purchasing power of Romanians.   TBI Bank now offers one of the best interest rates on the market with its online and […]

The personal car remains the most used daily transportation mode for 40% of Romanians, and 63% believe that it is likely to remain the preferred mobility choice over the coming years, according to Deloitte 2022 Global Automotive Consumer Study, conducted in 25 countries around the world,  including Romania.   In this context, Romanian consumers are […]

In 2021, in Romania, a record number of credits has been registered* – the highest of the last 15 years. Romanians’ intentions to access financing have significantly increased, and Volt comes to gratify this wish.      According to statistics analyzed by the company, most users who access a mortgage credit have a credit score of […]

Christmas is around the corner and many people are now busy with the typical seasonal shopping to buy gifts, as well as getting ready for a 2022 that usually brings, as every other year, new goals and projects. Last year, in the two weeks preceding Christmas, Romanians spent 13 million Euro for shopping. Between 1-15 […]