Construction works grew slightly in EU in December 2024, compared to November 2024, while Poland, Czechia, Portugal and Romania were member states with the most powerful advance on this segment, from one month to the other, according to data released on Thursday by Eurostat. According to these data, construction works stagnated in the euro zone and went up by 0.4% in EU in December 2024, compared to November. Among EU member states, the most important increases were recorded in Poland (5.7%), Czechia (4.6%), Portugal (3.6%) and Romania (3.4%). In Romania's case, the 3.4% increase in December 2024 came after a 5.4% rise in November. In exchange, at annual level, in December 2024, compared to December 2023, construction works dropped by 0.1% in the euro zone and by 0.8% in EU. In Romania, cnstruction works recorded the most significant annual decline in EU, with a 12.9% contraction, highest than the 9.1% drop recorded in November. According to data presented previously by INS, in Romania, in December 2024 against November 2024, the volume of construction works went up by 26.3%, an increase pointed out for capital repair works (+40.3%), maintenance and current repair works (+27.2%) and new construction works (+23.8%). There were increases for residential buildings (+51.6%), non-residential buildings (+32.6%) and engineer construction works (+17.5%). The volume of construction works went up, as adjusted series according to the number of working days and season, by 3.3%, an increase recorded for capital repair works (+12.2%), new building works (+5.4%) and current maintenance and repair works( +5.3%). As for construction object, the volume of building works went up for residential buildings (+25.6%) and non-residential buildings (+12.5%). Engineer works dropped by 1.4%. In exchange, in December 2024, compared to December 2023, the volume of construction works as gross series, dropped by 11.6%. There were drops for structure elements, for current maintenance and repairs (-14.7%), new construction works (-11.2%) and capital repair works (-7.9%). For construction objects there were drops for non-residential buildings (-13.5%), engineer construction works (-11.1%) and residential buildings (-10%). As an adjusted series, according to the number of working days and season, the volume of building works dropped by 14.3%. For structure elements, drops took place for new construction works (-16.1%), current maintenance and repair works (-14%) and capital repair works (-7.4%). In case of construction objects, the volume of works dropped for engineer works by 17,4%, non-residential buildings by 15% and residential buildings by 6.6%.
A new study conducted by the National Sample agency (formerly European National Panels), which thoroughly analyzes how people use social media, shows that Facebook remains the most popular social network in Romania, actively used by 75% of the online population aged 18 to 54. Romanians between 45 and 54 use Facebook with preference, while younger […]
RIVUS Cluj-Napoca, the mixed-use urban reconversion project developed by companies IULIUS and Atterbury Europe, was granted the largest loan for a new real-estate development in Romania, namely EUR 400 million. Around EUR 180.3 million will be provided by the European Bank for Reconstruction and Development (EBRD). Thanks to the loan, Cluj-Napoca will see the transformation […]
Former prime minister Marcel Ciolacu announced on Tuesday, May 20, that he has resigned as head of the Social Democratic Party (PSD), the largest in the Romanian legislature. The interim leadership of the party will be taken over by transport minister Sorin Grindeanu, a close ally of Ciolacu, who secured the position with 67 votes to […]
Anca Manitiu, Deputy CEO of Impetum Group - one of the biggest private equity managers in Romania - analyzes the recent trends and numbers in the European and regional private equity market. Europe's alternative investment fund market - funds investing in private companies, startups, and growth projects - is transforming. While capital previously flowed freely […]
Romania has overtaken Poland as the worst country in the EU for LGBTQ+ people, according to a ranking published by the Brussels-based non-governmental organization ILGA-Europe. Countries are placed in the organization’s annual "Rainbow Map" according to factors such as the number of hate crimes in a given year and the rights afforded by authorities to […]
Romanian national Stanislav Carpiuc, 26, from Romford, was charged with conspiracy to commit arson with intent to endanger life following the fires in north London. The Romanian was arrested on May 17 at London's Luton Airport and is due to appear at Westminster Magistrates' Court on Tuesday. He is the second man charged in relation […]
