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
State-controlled Hidroelectrica (BVB: H2O) allegedly supplied electricity for years to politically connected companies and religious institutions without issuing invoices or collecting payments, according to public data analysed by investigative platform Recorder. The supplies...
Altex Romania will develop in the following year the DIY chain Brico Dépôt by securing ownership of the rented stores, upgrading the entire chain, and opening three to five new stores per year after the transition year 2026, Altex founder, main shareholder, and CEO Dan Ostahie announced after his company took over the do-it-yourself chain […]
The government announced it selected, on November 27, a president and two vice-presidents for the Agency for Monitoring and Evaluation of Public Enterprises' Performance (AMEPIP). The action was a milestone under the Resilience Facility due November 28, after the expiry of the six-month extra time allowed by the European Commission, with a EUR 330 million […]
Romania's Ministry of Finance published for debate the draft emergency ordinance (OUG) on the second budget rectification of this year on the evening of November 27. According to the document, the general government budget deficit will remain at 8.4% of GDP, Hotnews.ro reported. Central government budget revenues for...
Romania’s general government budget deficit halved y/y to RON 6.4 billion (EUR 1.25 billion) in October, when the tax revenues increased by 15.6% y/y – ten times the 1.5% y/y advance of current expenditures, according to data published by the Finance Ministry. Notably, the payroll narrowed by 4.0% y/y and the expenditures with goods and services by […]
Romania’s Craiova has been named the best Christmas market in Europe 2026 after securing a record number of votes in the annual competition run by European Best Destinations. The results were announced on Thursday evening, November 27, following a week of online voting. This year, 803,258 travellers from 179 countries have voted and shared their passion on […]
