Construction works grew slightly in EU in December 2024, compared to November 2024, while Poland, Czechia, Portugal and Romania were member states with the most powerful advance on this segment, from one month to the other, according to data released on Thursday by Eurostat. According to these data, construction works stagnated in the euro zone and went up by 0.4% in EU in December 2024, compared to November. Among EU member states, the most important increases were recorded in Poland (5.7%), Czechia (4.6%), Portugal (3.6%) and Romania (3.4%). In Romania's case, the 3.4% increase in December 2024 came after a 5.4% rise in November. In exchange, at annual level, in December 2024, compared to December 2023, construction works dropped by 0.1% in the euro zone and by 0.8% in EU. In Romania, cnstruction works recorded the most significant annual decline in EU, with a 12.9% contraction, highest than the 9.1% drop recorded in November. According to data presented previously by INS, in Romania, in December 2024 against November 2024, the volume of construction works went up by 26.3%, an increase pointed out for capital repair works (+40.3%), maintenance and current repair works (+27.2%) and new construction works (+23.8%). There were increases for residential buildings (+51.6%), non-residential buildings (+32.6%) and engineer construction works (+17.5%). The volume of construction works went up, as adjusted series according to the number of working days and season, by 3.3%, an increase recorded for capital repair works (+12.2%), new building works (+5.4%) and current maintenance and repair works( +5.3%). As for construction object, the volume of building works went up for residential buildings (+25.6%) and non-residential buildings (+12.5%). Engineer works dropped by 1.4%. In exchange, in December 2024, compared to December 2023, the volume of construction works as gross series, dropped by 11.6%. There were drops for structure elements, for current maintenance and repairs (-14.7%), new construction works (-11.2%) and capital repair works (-7.9%). For construction objects there were drops for non-residential buildings (-13.5%), engineer construction works (-11.1%) and residential buildings (-10%). As an adjusted series, according to the number of working days and season, the volume of building works dropped by 14.3%. For structure elements, drops took place for new construction works (-16.1%), current maintenance and repair works (-14%) and capital repair works (-7.4%). In case of construction objects, the volume of works dropped for engineer works by 17,4%, non-residential buildings by 15% and residential buildings by 6.6%.
Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.). With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]
The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]
The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan. The series premieres on Sunday, June 22, […]
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox. A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]
The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
