The price of rents are growing rapidly everywhere in Europe, but Bucharest and Cluj, are two cities in EU with the highest increases, according to the Social Monitor, a project of Friedrich Ebert Stiftung Romania. In Cluj, 2023 rents were 80% higher than in 2015, while in Bucharest the rise was 51% in the same period. Among cities included in the study, only in Berlin and Athens the average price increases for renting an apartment with one bedroom were higher. Data came from the data base of numbeo.com. In recent years there has been a massive acceleration of internal migration in all EU countries, mainly toward large cities. In order to make those movements sustainable from the economic point of view, newcomers must have sufficiently high incomes to cover living costs, including housing. In fact, even average incomes in cities grew considerably in the same period of time. In Bucharest, average incomes grew from 483 euros in 2015 to 956 euros in 2023, that is about 98%, while in Cluj those incomes went up from 421 euros in 2015 to 962 euros in 2023, that is about 128%. On the other hand, income growths in other European cities were lower. On the average, people living in Bucharest pay about 53% of their monthly incomes to rent a single room apartment in a central location, while in Cluj people pay 55% of their monthly incomes for the same kind of apartment. Of the cities studied, only Athens exceeds 50% of the average monthly income to rent an apartment with central location. On the other hand, in Sofia, rent for a central one-room apartment represents 42% of the average monthly income, in Berlin it is 41% and in Lyon about 38%. This change shows that in general, average incomes in Bucharest and Cluj went up slightly more than rents. This dynamics certainly shows the change of economic structure in those cities, while the average income inevitably hides a significant inequality. The good news is that , although people in Bucharest and Cluj spent in 2023 more than 50% of their incomes to rent one-room apartments in a central location, the percentage was dropping compared to previous years, when rents represented even 60% or 70% of average incomes in 2015.
A mountain shelter is scheduled to open this fall in the Făgăraș Mountains' Curmătura Bratilei area following a EUR 60,000 investment. The shelter, located at an altitude of 2,100 meters, is built by the private ophthalmopediatric hospital Infosan in partnership with the non-profit Carpați Mountain Association and the Brașov Emergency Situations Inspectorate (ISU Brașov). The […]
The official trailer for The Yellow Tie/Cravata Galbenă, a major international production about the life of renowned Romanian conductor Sergiu Celibidache, has been released, with the film set to hit cinemas nationwide on November 14. The cast includes John Malkovich and Miranda Richardson, both double Academy Award nominees, along with Ben Schnetzer, Kate Phillips, Sean […]
The presidential elections held in November 2024 in Romania were influenced by a large-scale hybrid war orchestrated by Russia before they were cancelled, according to general prosecutor Alex Florența. Romania’s presidential election was annulled last December after declassified reports alleged Russian involvement in cyber activities aimed at undermining the integrity...
Maia Sandu, Donald Trump, and Emmanuel Macron are the international leaders who enjoy the greatest trust among Romanians, according to a poll conducted by Avangarde. The survey, carried out between September 8–14, shows Romanians’ perceptions of the country’s direction, international political leaders, global institutions, and certain foreign policy topics. The opinion poll revealed that the world […]
Former presidential candidate Călin Georgescu was sent to trial on charges of complicity in an attempted coup, alongside alleged paramilitary leader Horațiu Potra and 20 other people, Biziday.ro reported. He also allegedly benefited from hybrid warfare operations coordinated by Russia during the country’s 2024 presidential election crisis. Romania’s presidential election
A caravan of 150 cyclists, 90 cars and 25 motorbikes covered 830 km at the Tour of Romania, the most important local cycling competition, organized between 10 and 14 September by the Romanian Cycling Federation, together with the National Agency for Sports and Auchan Romania, the main co-organizing partner. In addition to the elite sports […]
