Bucharest mayor to issue traffic permits for new property developments

Business Forum
Bucharest's Mayor Nicușor Dan has announced that he will be tasked with issuing traffic permits for new Urban Zoning Plans (PUZ), Urban Developing Plans (PUD) and construction authorizations.

Until now, this role belonged to a technical committee within the municipality. Under the new rules, this committee will only state its opinion on the traffic impact of new property developments, while the mayor will have a final say.

In his opinion, the committee has often permitted illegal projects in Bucharest's districts without verifying the legal context, but only the existence of traffic studies.

“There is another issue with traffic studies, because all conclude that investments are possible,” wrote the mayor in a Facebook post.

Dan went on to say that all traffic studies will be assessed, suggesting that new property developments that have the potential to generate additional traffic in certain areas will be rejected.

RECOMMENDED
Residential developers need to be flexible
Real estate

Residential developers need to be flexible

The Romanian residential market is navigating through many changes. This means that developers need to be flexible in order to adapt to all changes, as the speakers of the residential panel of SEE Property Forum 2024 concluded.

Cătălin Năstăsoiu, Genesis Property: Integrating the wellness wheel into offices
Real estate

Cătălin Năstăsoiu, Genesis Property: Integrating the wellness wheel into offices

The current workforce landscape has been significantly influenced by recent challenges, leading to a shift in how employees perceive their well-being. This highlights the importance for employers to prioritize their employees' health and happiness, actively supporting them and fostering a workplace culture that values holistic well-being, writes Cătălin Năstăsoiu of Genesis Property.

RECOMMENDED FROM THE HOME PAGE
Hidroelectrica posts 122% profit surge in Q1 2026
Energy

Hidroelectrica posts 122% profit surge in Q1 2026

Romanian energy giant Hidroelectrica recorded a net profit of €263 million in the first quarter of 2026, marking a 122% increase compared to same period last year, according to a report submitted to the BVB.

Industry

Digi Communications reports 10% revenue growth in Q1 2026

Digi Communications reported consolidated revenues of €583 million in Q1 2026, a 10% year-on-year increase. At the same time, adjusted EBITDA (excluding IFRS 16 impact) reached €161.2 million, up 15% compared to Q1 2025.

Industry

Uber launches hotel bookings and AI voice features

Uber Technologies announced new products and features at its annual Go-Get product event, including hotel bookings and travel tools that are planned to roll out globally in the coming months.

READ MORE
Business Forum  |  15 May, 2026 at 7:30 PM
Business Forum  |  15 May, 2026 at 6:30 PM