The retail sales volume increased by 8.6% y/y in November and 7.9% y/y in the 12 months to November 2024, according to data published by the statistics office INS.
Although the figures are broadly in line with the overall macro landscape (robust growth of households' income, imports rising faster than exports), there is an unusual detail in the sales data, namely the step-like advance (some 10%) of the non-food retail sales as of January 2024, which suggest a change in methodology...
Low-cost carrier Wizz Air announced a new international route connecting Romania’s Cluj-Napoca to Castellón, Spain. Tickets are available on the airline’s website and mobile app, with fares starting at EUR 19.99 (RON 99). The new route will begin operations on April 11, 2025, with flights scheduled on Mondays and Fridays. Starting June 16, flights will […]
Bucharest's National Arena brought in roughly EUR 1.2 million in revenue in 2024, hosting a total of 43 events, mayor Nicușor Dan announced. The events hosted by the capital city's main arena last year included 28 domestic and international football matches, as well as three major concerts featuring globally renowned artists such as Coldplay and Ed […]
Several tens of thousands of people, according to AUR estimates as many as 100,000, participated on January 12 in a rally in Bucharest organized by the nationalist party Alliance for the Union of Romanians (AUR) against the annulment of the result of the first round of the presidential elections. It was the second rally after […]
Bucharest is one of the best cities for artificial intelligence startups, according to the Global Startup Ecosystem Index 2024 report by StartupBlink, quoted by Economedia.ro. However, only one Romanian startup, unicorn UiPath, seems to lead the country's capital city to this top. Romania has entered...
Former Romanian journalist Radu Budeanu, currently owner of the Titluri Quality, which includes the Cancan tabloid, the Gândul, general daily, and the ProSport sports daily, has purchased major local news agency Mediafax and its media products: the website, photo agency, and news feed. The transaction was agreed on January 8, 2025, according to Mediafax. ...
Romania’s imports of goods advanced by 2.8% y/y to EUR 126 billion in 12 months to November, driven by robust domestic demand for consumption and investments, while the exports contracted by 1.5% y/y to EUR 92 billion in the same 12-month period, according to data published by the statistics office INS. The trade deficit in […]
