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/)
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
