Vehicle sales in Romania will end 2024 up by 1.7% as compared to last year, for cars and 0.6% for light commercial vehicles, shows a PwC Autofacts report conducted in five Central European markets.The markets analysed in this report are Romania, Poland, the Czech Republic, Hungary and Slovakia. Despite a 10.2% drop in car sales in the first quarter of 2024 compared to the same period in 2023, this is the second consecutive quarter in which the 30,000 unit sales threshold has been exceeded, Autofacts shows. Dacia remains the best-selling brand. Tesla doubled its sales in the same period and climbed 11 places to enter the top 10. The first quarter of this year was very, very good for the car production in Romania, which increased by 7%, registering the second quarter of growth in a row. For the whole year, the production is expected to grow by 8.5%, determined by LCV. In the case of cars, the production is estimated to drop by 7.1%. At the level of the five states analysed, the cumulated sales would increase by 4.6% this year, all markets having a positive trend, Hungary having the highest leap, 8.7% against 2023. In exchange, the production of light vehicles on these markets will drop by 0.8% in 2024 against 2023. The evolution will be the result of the reduction by 4% of the car sector, despite the estimated increase of the light commercial vehicles market (+35%). At the level of the country, the Czech Republic and Slovakia, the biggest production markets out of the five, will have production levels dropping by 1.6% and 3.5% respectively. The production of electrical vehicles in the analysed countries in Central Europe continues to grow, estimated at more than 15.6% in 2024 against 2023, while until 2030 a huge advancement is expected of 208.4%. In 2024, the BEV (Battery Electric Vehicle) performance is expected to be weaker (-2.3%) while PHEV (Plug-in-Hybrid -+24% and FHEV – Full Hybrid - +27.9% compensates for the loss. At the country level, BEV will continue to be the most popular type of electrified series-production powertrain for four of the five markets (except Romania) from 2027. In Romania, there will be produced especially FHEV (full hybrid).
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
Nearly nine in ten Romanians expect to spend less or no more than last year on Christmas shopping, according to a new survey by tbi bank that highlights the impact of rising prices on household budgets ahead of the winter holidays. The nationwide poll, conducted in October on a sample of 1,011 respondents, shows that […]
A total of 77% of homeowners who answered a survey by ING and Ipsos said they implemented measures in the past three years to improve energy efficiency. The need to save on energy bills was the main driver of household modernization, the survey showed. Most respondents (62%) said they did so to reduce energy costs, […]
