The number of building permits for residential buildings decreased by 1.3% in Romania in H1 2024, year-on-year, according to data with the National Institute of Statistics (INS) published on Wednesday.Thus, in H1 2024, 16,925 residential building permits were issued. Decreases were recorded in the following development regions Centru (-281 permits), Nord-Vest (-224) and Sud-Est (-38), and increases in Bucharest-Ilfov (+141 permits), Vest (+88), Sud-Muntenia (+46), Sud-Vest Oltenia (+39), and Nord-East (+14).According to INS, in June 2024, 2,875 residential building permits were issued, down 5.7% on a monthly basis, of a total usable area of 625,690 sqm (-10.4%). Of the total residential building permits, 70.7% were for the countryside.In June 2024, there was a monthly decrease in the number of residential building permits (-175 permits). The decrease was reflected in the following development regions: Nord-Est (-99 permits), Nord-Vest (-53), Sud-Muntenia (-41), Sud-Vest Oltenia (-40), Centru (-17,) and Vest (-15). Increases were recorded in the development regions of Bucharest-Ilfov (+73 permits) and Sud Est (+17).
Romania’s Electric Castle was named ‘International Festival of the Year’ at the 20th edition of the UK Festival Awards. The Romanian event triumphed over major international contenders, including Afro Nation (Portugal), Beyond The Valley (Australia), Open’er Festival (Poland), Sziget Festival (Hungary), and Way Out West (Sweden),
President Nicuşor Dan, on December 4, returned to Parliament amendments tightening Romania’s law against extremism, arguing that several provisions are vague and risk enabling abuses, according to a statement released by the Presidency. The Constitutional Court had previously upheld the amendments after the Presidency challenged them, prompting criticism from organisations within the Jewish community. By […]
Fitch Ratings on December 4 affirmed the long-term Issuer Default Rating (IDR) for Romania's largest lender, Banca Transilvania (BVB: TlV), at BBB- with a negative outlook, in line with the country's sovereign rating. The price of the bank's shares rose 1.2% on the day the rating agency announced its decision, bringing the bank's market capitalisation […]
The Romanian authorities will only supervise the operations at Lukoil’s Petrotel refinery and not be involved in its management until a new owner is found, according to an emergency ordinance approved by the government in Bucharest this week, as reported by Hotnews.ro. Russian group Lukoil is seeking buyers for its...
The ‘5 to go’ coffee shop chain announced the signing of a partnership with the national gas station network RO concept OSCAR, owned by businessman Alin Niculae, according to Economica.net. The gas station network has reached 120 strategically distributed stations nationwide, of which more than 90 are franchised under the RO concept...
Romania's Port of Constanţa rose to 10th place among European seaports by cargo volume in 2024, despite handling just over 50 million tonnes, a 14% decline from the 67 million tonnes processed in 2023, Ziarul Financiar reported, citing Eurostat data. Eurostat figures showed that Romania ranked 13th in 2023, with the latest shift driven by […]
