Surging air traffic in Romania acts as a sign of brisk growth in economic activity, particularly services, supporting a favourable outlook for the real estate segment as well, with positive spillovers mostly for office and investment segments.
Romania has the fastest growth in total passengers in the EU – up by over 23%, some 5 times higher than the average in the 28 member states – while the nation-wide data validates the thesis that major regional hubs will outpace Bucharest over the medium term.
The results recorded by the biggest airports in Romania tell the economic development story quite well; as a separate observation, some smaller cities saw well bigger jumps, but these are caused by one-offs like reopening the airport after a renovation or being included on an airline’s radar.
It is safe to assume that the robust figures are a tell-tale sign of current underlying strength in economic activity, particularly as two in three foreigners visiting Romania do so for business purposes.
