Bucharest continues to be one of the most congested cities in the world, according to the TomTom Traffic Index for 2021. With an average congestion level of 50%, the Romanian capital ranks eighth at the global level and sixth in Europe. It is also the city with the worst car traffic in the European Union. Bucharest drivers lost an average of 115 hours in traffic jams last year. The level of traffic congestion was estimated at 50%, increasing by 8% compared to 2020, but decreasing by 2% compared to 2019, before the coronavirus pandemic, which imposed numerous travel restrictions and made remote work more popular, Economedia.ro reported. According to TomTom, a 50% congestion level means that, on average, travel times were 50% longer than during the baseline non-congested conditions. This means that a 30-minute trip driven in free-flow condition will take 15 minutes longer when the congestion level is at 50%. May 20 was the most congested day in Bucharest in 2021, and the day of the week with the worst rush hour was Thursday between 17:00 and 18:00. Istanbul tops the ranking of the most congested cities in the world, followed by Moscow, Kyiv, Bogota, Mumbai, Odesa, Saint Petersburg, Bucharest, and Novosibirsk. The 2021 TomTom Traffic Index details the traffic trends seen in 404 cities from 58 countries last year. (Further details are available on : https://www.tomtom.com/en_gb/traffic-index/ranking/)
Romania registers one of the highest shares in Europe of people aged over 16 with disabilities who are at risk of poverty or social exclusion, according to Eurostat data processed by Monitorul Social, a project of Friedrich-Ebert-Stiftung Romania. A total of 38.4% of people with disabilities in the country were at risk of poverty or […]
New research by Revolut Business among 150 Romanian business decision-makers (CEOs, CFOs, and COOs) revealed that local companies prefer to invest their money in modernizing their IT infrastructure and automating outdated systems rather than in artificial intelligence. When asked where the largest budget increase will go this year, ‘modernizing IT infrastructure and cloud migration’ takes […]
Romania’s modern retail market surpassed the 5 million sqm threshold in 2025, following the delivery of around 190,000 sqm of new retail space, about 20% above the average of the past five years, according to an annual report by Colliers. Despite a more moderate economic backdrop, 2026 is expected to bring roughly 240,000 sqm of […]
Romanian business leaders remain optimistic for 2026, with 86% of C-suite executives surveyed in Forvis Mazars's C-suite barometer: outlook 2026 expecting growth. This is slightly below the 92% reported globally and down from 90% in 2025. While confidence is strong locally, Romanian executives are more cautious than their global peers, reflecting the region's economic and […]
As one of the largest economies in the world, Germany is without a doubt one of the best countries to do business in. Economic stability, excellent infrastructure, and trade cooperation with nations worldwide are some of the reasons to launch a company here; however, they are not the only ones. What makes Germany appealing for […]
One United Properties (BVB: ONE) recorded total residential sales and pre-sales of EUR 174.1 million in 2025, corresponding to 57,018 sqm of residential and commercial spaces. These results reflect the sale and pre-sale of 577 apartments and commercial units, as well as 768 parking spaces, and represent a 18% price increase. The 18% increase in […]
