Romania's retail turnover (except for motor vehicles and motorcycles) saw an increase of 8.7%, as gross series, in the first ten months of this year, compared to the corresponding period in 2023, according to data published on Thursday by the National Institute of Statistics (INS).According to the same source, compared to the reference interval, increases were recorded in sales of non-food products (+14.8%), foodstuffs, beverages and tobacco (+4.3%) and automotive fuels in specialized stores (+3.6%).Also, the retail business increased by 8% overall, as series adjusted depending on the number of business days and seasonality, due to sales of non-food products (+13.9%), sales of foodstuffs, beverages and tobacco (+3.8%) and of automotive fuels in specialized stores (+3.3%).Official data also reveal that, in October 2024 vs. October 2023, the retail turnover (except for motor vehicles and motorcycles), went up 11.1%, as gross series, due to the sales of non-food products (+19.4%), sales of foodstuffs, beverages and tobacco (+5.8%) and sales of motor fuel in specialized stores (+2.9%).According to the INS, in October this year compared to the previous month, the retail businesses (except for trade in motor vehicles and motorcycles) increased both as gross series (+2.3%) and as adjusted series (+0.9%).
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 […]
