Bucharest and Cluj-Napoca are at an early stage in developing smart urban mobility solutions, according to the PwC "Smart Cities Mobility" Index for Central and Eastern Europe. As a result, the two cities are at the lower end in a ranking based on an index measuring urban mobility.
The index evaluates factors such as traffic management, environmental sustainability, public transport, and active mobility...
The Romanian government approved on March 6 an Emergency Ordinance allocating an additional RON 1.19 billion (EUR 240 million) for the completion of projects to expand, modernize, and convert natural gas transmission and distribution networks. This measure will allow over 44,000 households across the country to have access to natural gas, thus reducing dependence on […]
Romania's hotel market is experiencing a period of accelerated growth, reaching a record of more than 25 million overnight stays in 2024, the highest level in more than 30 years, driven by a rising number of foreign tourists and strong demand for modern hotels, according to Colliers' annual report. Romania's international visibility is increasing, and […]
In an economic update report, ING Romania said it expects 1.6% economic growth this year under the baseline scenario, however noting that "geopolitical risks cloud the outlook." "With the May elections approaching, the evolving political landscape may influence the country's direction. The decisions made in the coming months will be pivotal, steering Romania's trajectory for […]
Retail sales volume in Romania increased by 4.1% y/y in January, half the 8.6% y/y advance in 2024 and the 9.2% y/y in Q4 2024, according to data published by the statistics office INS. In seasonally and workday-adjusted terms, the retail sales inched up by 0.1% m/m. The slowdown was visible in both food and non-food […]
Billionaire Elon Musk has questioned the role of the European Court of Human Rights (ECHR) after the court declared as inadmissible the case brought by Călin Georgescu, a former ultranationalist presidential candidate, regarding the annulment of Romania's 2024 presidential election. Reacting on X, Musk shared a post from conservative...
The forecasts made by managers in the second half of 2024, as expressed in the CONFIDEX study, were more pessimistic than the actual economic reality of Romania. The onset of the year, however, marked by surprising events, international geo-political tensions, and the unpredictability of the upcoming presidential elections in Romania, may heighten the caution levels […]
