Construction works dropped by 1% in EU and by 0.9% in the euro zone in May, against the previous month, when a stable level was recorded in EU and a decline of 0.4% in the euro zone, according to data released by Eurostat on Thursday. In EU member states, the most singificant advance of construction works in May, compared to April, was in Finland (1.9%), Bulgaria (1.1%), Belgium and Spain (0.3%), while the most significant decline was in Czechia (minus 5.1%), Romania (minus 4.1%) and Hungary (minus 3.8%). In May 2024, against the same period of 2023, construction works dropped by 2.5% in EU and by 2.4% in the euro zone. The most singificant decline of construction works in May against the same period of 2023, wa in Sweden (minus 7.5%), Slovenia (minus 7.4%) and Germany (minus 7%), while increases were recorded in Hungary (7.3%), Bulgaria (4.4%) and Denmark (1.1%). Romania reported an annual decline of 1.6%, after an advance of 12.3% in April, according to Eurostat. According to data released by the National Statistic Institute (INS) in May 2024 the volume of construction workd dropped by 2.9% as gross series in Romania but grew as adjusted series by 1.7%. INS data show that at comparative level May-April 2024, the volume of construction works went up by 0.5% due to new construction works (+2.9%) and capital repair works (+2.1%). On the other hand, as adjusted series, construction works dropped by 4.2% because of drops in maintenance and current repair works (-16%), capital repair works (-9.8%) and new construction works (-1.4%).
The Bucharest Municipal Electoral Office announced late Monday, November 17, that it has validated 17 of the 20 candidacies submitted for the capital’s race for the general mayor seat, including those of the main contenders. Two applications were rejected, and one was postponed for further review,
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
