In 2023, Bucharest is on the 8th place in the list of the most crowded cities in the world, according to the annual index conducted by the manufacturer of GPS systems Tomtom. In Europe, we are in 4th place. Last year, the people of Bucharest lost 150 more hours in traffic due to congestion, the average travel speed at peak hour being about 17 km/hour. The congestion level was around 55%, according to the cited source. Compared to 2022, the city is more congested, with the time required to travel a distance of 10 km increasing by 20 seconds to 27 minutes and 40 seconds. In 2022, we were 7th in this list, and in 2021, we were 8th. The most congested day in 2023 was November 28 when it took 36 minutes and 50 seconds to travel a distance of 10 km. Due to the crowding at peak hours, the people of Bucharest lost 150 hours more and paid almost 1,000 lei more for fuel. During the week, the greatest traffic congestion is recorded on Wednesdays, between 17.00 and 18.00, when a distance of 10 km is covered in about 41 minutes on average. Top most crowded cities in the world London Dublin Toronto Milan Lima Bengaluru Pune Bucharest Manila Brussels
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
