The number of permanent dwellings completed in Romania in 2023 reached 71,454 units, down 1,878 from 2022, show data published by the National Institute of Statistics (INS) on Tuesday.By residence areas, in 2023 compared to 2022, there is a decrease in the share of dwellings completed in rural areas (from 45.3% in 2022 to 39% in 2023) and an increase in urban areas (from 54.7% in 2022 to 61% in 2023).The distribution of funds for dwellings completed reveals that in 2023, as against 2022, the number of dwellings made on private funds decreased (-2,466 dwellings), while the number of dwellings made on public funds increased (+588 dwellings).The regional distribution in 2023 compared with 2022 shows a decrease in the number of dwellings in the following development regions: Nord-Vest (-1,357 dwellings), Vest (-945), Bucharest -Ilfov (-280), Centru (-159) and Sud-Muntenia (-158).On the other hand, increases were recorded in the development regions Sud-Est (+761 dwellings), Nord-Est (+246) and Sud-Vest Oltenia (+14).According to INS data, 21,461 dwellings were put into use in Q4 2023, up 923 from Q4 2022.By residence areas, in Q4 2023 most dwellings were built in urban areas (59.3%).The distribution of funds for dwellings completed shows that, in Q4 2023, y-o-y, both the number of dwellings on private funds increased by 624 and those on public funds, by.The regional distribution indicates an increase in the number of dwellings completed in the following development regions: Bucharest-Ilfov (+662 dwellings), Nord-Est (+198), Sud-Est (+175), Centru (+125) and Sud-Muntenia (+116).On the other hand, decreases occurred in the development regions Nord-Vest (-309 dwellings), Vest (-41) and Sud-Vest Oltenia (-3).A dwelling is regarded as complete when its components, including the foundation, is built for the first time and when all the works stipulated in the technical documentation are completed and received by the beneficiary.
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
The Fabrica de Glucoză area is undergoing one of the fastest urban transformations in Bucharest, strengthening its position as one of the most dynamic residential and investment hubs in the northern part of the city. The modernization of infrastructure, the reconfiguration of the Dimitrie Pompeiu – Fabrica de Glucoză – Pipera axis, and the overall […]
Furnica Hotel, located near the famous Peleș Castle in the mountain town of Sinaia, and one of the landmark buildings of the Peleș Royal Domain, has been officially put up for sale by the Royal House of Romania. The hotel, whose initial purpose was to serve as housing for the staff employed by the Royal […]
The Bucharest National Opera will open the Romania–Italy Cultural Year 2026 with a gala concert in Rome on December 1, Romania’s National Day. The event, hosted at the prestigious Teatro dell’Opera di Roma, is organized by the Romanian Embassy in Italy in partnership with the Bucharest National Opera and supported by Romania’s Ministry of Foreign […]
