The share of Bucharest in terms of newly delivered housing decreased to 57.4% in 2022, from 66.5% in 2020, while Ilfov County increased from 33.5% to 42.6% in the reference period, according to an analysis published on last Wednesday."The urban gridlock has clear effects in terms of the accessibility of new homes in Bucharest. It increases the share of deliveries from neighboring areas, this fact having a direct impact on the increase in traffic values and pollution in the Capital, where people come to work, to bring their children to school or for social activities. In the context of the growing strategic importance of the CEE area, Bucharest loses major investments due to the uncertainty and lack of predictability in terms of urban regulation. The Romanian capital is in competition with other capitals in the CEE area, not with secondary cities in country, so the losses are incurred by the Romanian economy," explained Despina Ponomarenco, chairwoman of BREC.The specialized analysis reveals that, in accordance with the financial statements submitted to the National Fiscal Administration Agency (ANAF) by the companies active in the construction and real estate industry, as well as with the statistics of the National Institute of Statistics (INS), Bucharest's contribution to GDP- the national rate decreased from 37% in 2019 to 34.6% in 2021, respectively to 29.8% in 2022, a level similar to that of 2010.According to the quoted source, the estimated loss for tax revenues amounts to 3.45 billion euros, for the period 2022-2026, while the loss from the value added in the economy for the same period is 10.4 billion euros.The data from INS highlights the decrease in the number of homes delivered in Bucharest to the detriment of those delivered in Ilfov. Thus, from 66.5% in 2020, it dropped to 60.6% in 2021 and to 57.4% last year. At the same time, the share of Ilfov county increased to 42.6%.Bucharest Real Estate Club, organization of the real estate market, is composed of major, local and international investors, active in the segments of urban regeneration projects, office buildings, logistics and industrial parks, retail parks, residential investments, with cumulative portfolios of over ten billion euros.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
