Bucharest continues to be one of the most congested cities in the world, according to the TomTom Traffic Index for 2021. With an average congestion level of 50%, the Romanian capital ranks eighth at the global level and sixth in Europe. It is also the city with the worst car traffic in the European Union. Bucharest drivers lost an average of 115 hours in traffic jams last year. The level of traffic congestion was estimated at 50%, increasing by 8% compared to 2020, but decreasing by 2% compared to 2019, before the coronavirus pandemic, which imposed numerous travel restrictions and made remote work more popular, Economedia.ro reported. According to TomTom, a 50% congestion level means that, on average, travel times were 50% longer than during the baseline non-congested conditions. This means that a 30-minute trip driven in free-flow condition will take 15 minutes longer when the congestion level is at 50%. May 20 was the most congested day in Bucharest in 2021, and the day of the week with the worst rush hour was Thursday between 17:00 and 18:00. Istanbul tops the ranking of the most congested cities in the world, followed by Moscow, Kyiv, Bogota, Mumbai, Odesa, Saint Petersburg, Bucharest, and Novosibirsk. The 2021 TomTom Traffic Index details the traffic trends seen in 404 cities from 58 countries last year. (Further details are available on : https://www.tomtom.com/en_gb/traffic-index/ranking/)
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
