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/)
Premier Energy (PE), one of the biggest energy groups in Romania, successfully closed its initial public offering (IPO) on the Bucharest Stock Exchange (BVB) on May 15, 2024. The company and IPO consortium set a final price of RON 19.5 per share, towards the lower end of the pricing interval (RON 19-21.5). This price implies a […]
Raiffeisen Bank Romania supports Dăruiește Viață with 1 million euro to start the construction of the medical campus at Marie Curie so that all patients treated at this hospital in Bucharest can benefit from the same treatment conditions at the best standards. ”We believe in change and impactful action, which is why year after year […]
The net result was RON 78.12 million on March 31, 2024, representing 81% of the budgeted level for the entirety of 2024. The total value of assets under management was RON 3.2 billion, an increase of 32.1% compared to March 31, 2023. The net asset value was RON 2.88 billion, an increase of 32.3% compared […]
The Praid Salt Mine, in central Romania, is temporarily halting both its extraction and visitation activities due to water infiltrating into the underground from a nearby stream, following recent heavy rainfall. This decision aims to protect and ensure the safety of staff and visitors until the situation caused by the recent infiltrations is resolved, the […]
Several sites in Romania have been added to the country's tentative list for UNESCO World Heritage, culture minister Raluca Turcan announced. The list includes the Peleș and Pelișor castles in Sinaia, former communist prisons, the Three Holy Hierarchs church in Iaşi and the Assumption of Virgin Mary cathedral at Curtea de Argeş, and the Movile […]
Romania's president Klaus Iohannis and prime minister Marcel Ciolacu reacted to the attack on Slovakia's PM Robert Fico, who was shot several times on Wednesday, May 15. The Romanian officials condemned the incident and said they were shocked by the news. "Appalled to learn about the shooting of the Slovak prime minister Robert Fico. I […]
