Leader news

Every year, 3,200 additional motorists take the road to work, further congesting the road network around the main employment centers, according to the latest INSEE study on home-work travel. In 2021, 266,700 people traveled to Reunion Island to go to work, i.e. 35,300 more journeys than in 2010. They traveled on average 13,6 kilometers, a...

On October 16, Cinor presented the progress of its Baobab public transport project (West airport bus-Bocage airport bus), 27 kilometers long between the Barachois of Saint-Denis and the French Quarter (Sainte-Suzanne). The project must be completed by 2030, following several major development projects. Park-and-ride lots will be created to encourage motorists to take the....

Connections, the regional development agency, investment and innovation in Reunion, was renamed on October 10 “La Réunion Développement”, in connection with the dynamics of the territorial brand “La Réunion”, initiated by the regional council. “By adopting this new identity, La Réunion Développement intends to strengthen its visibility, as well as its consistency with the overall valorization strategy of La...

Philippe-Alexandre Rebboah was unanimously re-elected as president of the Réunion Trade and Import Union, last October 10. Over the past two years, the SICR recorded an increase of 32% in its members, currently numbering 142. The import sector represents more than 38,000 jobs in Reunion Island, either...

The Chairman of the Board of Directors of the Grand Port Maritime de La Réunion, Julien Dujardin, and the director of the French Development Agency in Reunion, Marie-Pierre Nicollet, signed on September 19 a financing agreement for an amount of 8 million euros for the purchase and modernization of a floating dock. This equipment, 120 meters long and 32 meters wide...

The increase in business failures remained very marked in Reunion in the 2nd quarter of 2024, according to the latest figures from the Overseas Departments Issuing Institute. It rose to +51,4 %, concerned all sectors and contributes mainly to the overall evolution of liquidations and judicial recovery throughout the Overseas Territories. Between June 2023 and June 2024, the progression of failures...

Sales of new vehicles fell by almost 10% in Reunion during the first nine months of the year, suggesting a very bad year for the profession. At the end of September, the decline in registrations stood at -9,69 %, or a little less than 20,000 new vehicles put into circulation. Market leaders (Renault, Peugeot and....

The consumer price index increased by 0,2% in August 2024, compared to July, in the meeting, according to INSEE. Service prices increased by 0,2 %, partly due to the increase in rental prices, water and household waste removal (+1,2 %). Prices for health and welfare services....

Philippe The Sister-in-Law, director of Iédom in Reunion, was optimistic about the island's economic prospects, last October 10 during the general assembly of the Import and Trade Union of Reunion Island. Speaker during a round table, he highlighted the resilience demonstrated by the local economy in 2023, notably thanks to the increase....

The upward trend in rates has not yet reversed for personal loans, but she slowed down. The increase in the average rate of new personal loans and other consumer credits was limited to 6 basis points (pdb) in the 2nd quarter of 2024 compared to the previous quarter (6,23 %, after +53 bp...