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).
Romania’s modern retail market has surpassed 5 million square metres of leasable space for the first time, following the delivery of roughly 190,000 sqm in 2025, according to new data released by Colliers. Despite the milestone, consultants noted that Romania still trails regional peers in retail space per capita, signalling strong potential for further development. […]
Environment minister Diana Buzoianu said during an interview on Thursday, December 4, that she will not resign following the interruption of the drinking water supply in several localities in Prahova and Dâmboviţa counties, which has been affecting over 100,000 people, as well as hospitals and schools. She argued that the ministry she heads bears no […]
Romanians are preparing to spend more this Christmas compared with last year, according to a new Raiffeisen Bank study conducted in partnership with research platform Appinio. The survey showed that 65% of respondents expect higher holiday expenses in 2025, while 26% anticipate spending similar amounts to 2024. Half of those surveyed allocate between 25% and […]
Romania’s Electric Castle was named ‘International Festival of the Year’ at the 20th edition of the UK Festival Awards. The Romanian event triumphed over major international contenders, including Afro Nation (Portugal), Beyond The Valley (Australia), Open’er Festival (Poland), Sziget Festival (Hungary), and Way Out West (Sweden),
President Nicuşor Dan, on December 4, returned to Parliament amendments tightening Romania’s law against extremism, arguing that several provisions are vague and risk enabling abuses, according to a statement released by the Presidency. The Constitutional Court had previously upheld the amendments after the Presidency challenged them, prompting criticism from organisations within the Jewish community. By […]
Fitch Ratings on December 4 affirmed the long-term Issuer Default Rating (IDR) for Romania's largest lender, Banca Transilvania (BVB: TlV), at BBB- with a negative outlook, in line with the country's sovereign rating. The price of the bank's shares rose 1.2% on the day the rating agency announced its decision, bringing the bank's market capitalisation […]
