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).
The number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
