Transylvania Today: Bucharest has one third of Romania’s university graduates

Most graduates of higher education institutions in Romania live in Bucharest (33 percent), Cluj-Napoca (11 percent), Iasi (10 percent), Timisoara (7 percent) and Craiova (6 percent), according to data from the National Institute of Statistics. These five university centers with the most graduates also account for the highest amount of office spaces and office transactions, according to ESOP, cited by economica.net.

In total, 126,271 students obtained their Bachelor’s, Master’s or PhD in 36 university cities nationwide in 2017. Of these, 66 percent graduated in one of the five main university centers. This year, 377,000 Romanian students began the academic year, according to Business-Review.eu.

 

In 2017, Bucharest had 42,882 graduates, followed by Cluj-Napoca (14,151), Iasi (12,878), Timisoara (8.547), Craiova (5,775), Constanta (5.145), and Brasov (4,588), according to the INS, according to TransylvaniaToday.ro.
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Transylvania Today: Ikea prepares expansion on Romanian market

This is the best time for Ikea’s expansion in Romania, Ikea Group CEO Jesper Brodin said, quoted by Adevarul daily on September 20.

he Ikea official visited Romania earlier this month, on the occasion of purchasing 80% in the local wind farms developed by Danish turbine producer Vestas. The Swedish furniture and decorations retailer wants a bigger slice of the market and it outs expansion ahead of profit, Brodin stated, according to Romania-Insider.com.

 

The company indeed, posted small (EUR 1.7 million) losses in 2018 amid massive investments (EUR 90 mln) in the second store in Romania launched in mid 2019, according to TransylvaniaToday.ro.

 

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Transylvania Today: Romania could fall into recession following the electoral cycle

Romanian economy could fall into recession at the beginning of 2021, following the electoral cycle, due to unsustainable deficits, according to Ionut Dumitru, chief economist at Raiffeisen Bank Romania, quoted by Business-Review.eu.

“We expect that by the end of 2020, the beginning of 2021, rather, the economy will perform worse and enter into recession. Of course, entering the recession also depends on the international context and how it will be reflected in the Romanian economy,” Dumitru said, cited by economica.net.

 

The economist forecasts that the Romanian economy will grow by 4 percent this year and by 3 percent in 2020, while the budget deficit will reach 3.6 percent of GDP this year due to surging spending on wages and pensions, according to TransylvaniaToday.ro.
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Transylvania Today: CleverGO expands to Cluj-Napoca and Iasi

Romanian company Clever, which operates the app-based e-hailing service with the same name, will introduce its new rent-a-car service named CleverGO in two more cities: Cluj-Napoca and Iaşi, in addition to the first two cities (Bucharest and Timişoara) where the service is already available, says Romania-Insider.com.

“The launch of CleverGo means extending the range of services offered by the Clever application by including rent-a-car transportation offers to better meet the demand for urban mobility in large cities. We will continue to work exclusively with drivers authorized for passenger transport to provide a legal and safe service,” said Andrei Frunza, CEO of Clever, according to TransylvaniaToday.ro.

 

In 2010, Clever taxi became the first application in Romania that offered consumers a unique platform in which they had access to the offers of local taxi companies.

 

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Transylvania Today: 96% of Romanians own the homes they live in

Romania is first in the European Union (EU) when it comes to the number of homeowners, according to Romania-Insider.com.

Over 96% of Romanians own the homes in which they live according to Eurostat statistics. Only 4% of the population (compared to 30% EU average) is living in rented houses, says TransylvaniaToday.ro.

 

In each EU Member State there are more homeowners than tenants, with Sweden ranking last, with a share of homeowners of 65%.

In Romania, the very high share of homeowners is determined by the high share of the rural population living (45%) and the fact that Romanians could buy the homes they lived in at very low prices after the fall of the communist regime in 1989.

 

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